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FAR International Holdings Group Co (HKSE:02516) Debt-to-Equity : 0.41 (As of Dec. 2023)


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What is FAR International Holdings Group Co Debt-to-Equity?

FAR International Holdings Group Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$287 Mil. FAR International Holdings Group Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$8 Mil. FAR International Holdings Group Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was HK$713 Mil. FAR International Holdings Group Co's debt to equity for the quarter that ended in Dec. 2023 was 0.41.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for FAR International Holdings Group Co's Debt-to-Equity or its related term are showing as below:

HKSE:02516' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.02   Med: 0.04   Max: 0.41
Current: 0.41

During the past 4 years, the highest Debt-to-Equity Ratio of FAR International Holdings Group Co was 0.41. The lowest was 0.02. And the median was 0.04.

HKSE:02516's Debt-to-Equity is ranked better than
58.48% of 884 companies
in the Transportation industry
Industry Median: 0.55 vs HKSE:02516: 0.41

FAR International Holdings Group Co Debt-to-Equity Historical Data

The historical data trend for FAR International Holdings Group Co's Debt-to-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

FAR International Holdings Group Co Debt-to-Equity Chart

FAR International Holdings Group Co Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Debt-to-Equity
0.02 0.03 0.04 0.41

FAR International Holdings Group Co Semi-Annual Data
Dec20 Dec21 Jun22 Dec22 Jun23 Dec23
Debt-to-Equity Get a 7-Day Free Trial 0.03 N/A 0.04 0.12 0.41

Competitive Comparison of FAR International Holdings Group Co's Debt-to-Equity

For the Integrated Freight & Logistics subindustry, FAR International Holdings Group Co's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

FAR International Holdings Group Co's Debt-to-Equity Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, FAR International Holdings Group Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where FAR International Holdings Group Co's Debt-to-Equity falls into.


FAR International Holdings Group Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

FAR International Holdings Group Co's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Debt to Equity=Total Debt / Total Stockholders Equity
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Total Stockholders Equity
=(287.211 + 7.6) / 713.141
=0.41

FAR International Holdings Group Co's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

Debt to Equity=Total Debt / Total Stockholders Equity
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Total Stockholders Equity
=(287.211 + 7.6) / 713.141
=0.41

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

FAR International Holdings Group Co  (HKSE:02516) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

FAR International Holdings Group Co Debt-to-Equity Related Terms

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FAR International Holdings Group Co (HKSE:02516) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » FAR International Holdings Group Co Ltd (HKSE:02516) » Definitions » Debt-to-Equity
Comparable Companies
Traded in Other Exchanges
N/A
Address
No. 22 Changcheng Street, Room 201, Hangzhou Cross-border e-commerce, Industrial Park, Gongshu District, Zhejiang Province, Hangzhou City, CHN
Website
FAR International Holdings Group Co Ltd is a cross-border e-commerce logistics service provider based in the PRC principally engaged in the provision of end-to-end cross-border logistics services.
Executives
Lao Minzhong 2202 Interest of your spouse
Wang Quan 2201 Interest of corporation controlled by you
Zi Yue Holdings Limited 2101 Beneficial owner
Ye Jianrong 2201 Interest of corporation controlled by you
Alibaba Group Holding Limited 2201 Interest of corporation controlled by you
Taobao China Holding Limited 2101 Beneficial owner
Taobao Holding Limited 2201 Interest of corporation controlled by you
Hangzhou City Gongshu District State-owned Investment Holding Group Co., Ltd. 2201 Interest of corporation controlled by you
Hangzhou Gongshu State-owned Innovation Development Co., Ltd. 2201 Interest of corporation controlled by you
Gensis Far Holdings Limited 2101 Beneficial owner

FAR International Holdings Group Co (HKSE:02516) Headlines

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