Palasino Holdings (HKSE:02536) Debt-to-Equity : 0.47 (As of Sep. 2023)

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What is Palasino Holdings Debt-to-Equity?

Palasino Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was HK$10.2 Mil. Palasino Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was HK$115.5 Mil. Palasino Holdings's Total Stockholders Equity for the quarter that ended in Sep. 2023 was HK$267.9 Mil. Palasino Holdings's debt to equity for the quarter that ended in Sep. 2023 was 0.47.

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 Palasino Holdings's Debt-to-Equity or its related term are showing as below:

HKSE:02536' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.39 Med: 0.44 Max: 0.49
Current: 0.47

During the past 3 years, the highest Debt-to-Equity Ratio of Palasino Holdings was 0.49. The lowest was 0.39. And the median was 0.44.

HKSE:02536's Debt-to-Equity is ranked worse than
50.58% of 690 companies
in the Travel & Leisure industry
Industry Median: 0.46 vs HKSE:02536: 0.47

Palasino Holdings Debt-to-Equity Historical Data

The historical data trend for Palasino Holdings'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.

Palasino Holdings Debt-to-Equity Chart

Palasino Holdings Annual Data

Trend

Mar21

Mar22

Mar23

Debt-to-Equity

0.49

0.41

0.39

Palasino Holdings Quarterly Data
	Mar21	Mar22	Sep22	Mar23	Sep23
Debt-to-Equity	0.49	0.41	N/A	0.39	0.47

Competitive Comparison of Palasino Holdings's Debt-to-Equity

For the Resorts & Casinos subindustry, Palasino Holdings'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.

Palasino Holdings's Debt-to-Equity Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Palasino Holdings's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Palasino Holdings's Debt-to-Equity falls into.

Palasino Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Palasino Holdings's Debt to Equity Ratio for the fiscal year that ended in Mar. 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
	=	(32.637	+	102.418)	/	348.986
	=	0.39

Palasino Holdings's Debt to Equity Ratio for the quarter that ended in Sep. 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
	=	(10.217	+	115.489)	/	267.856
	=	0.47

Palasino Holdings (HKSE:02536) 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.

Palasino Holdings Debt-to-Equity Related Terms

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Palasino Holdings (HKSE:02536) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Palasino Holdings Ltd (HKSE:02536) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

121 Des Voeux Road Central, 16 floor, Far East Consortium Building, Hong Kong, HKG

Website

https://www.palasinoholdings.com

Palasino Holdings Ltd is an entertainment, gaming, and leisure group comprising (i) one integrated land-based casino and resort and two full-service land-based casinos operating in the Czech Republic, offering primarily slot machines and table games, and (ii) three hotels in Germany and one hotel in Austria that offer accommodation, catering, conference, and leisure services. It operates into two reportable segments: Gaming operations - operation of casinos and Hotel and catering operations - operation of hotel, catering, and related services. Key revenue is generated from Gaming operations - operation of casinos.

Executives

Chiu David	2201 Interest of corporation controlled by you
Chiu Ng Nancy	2202 Interest of your spouse
Far East Organization (international) Limited	2201 Interest of corporation controlled by you
Sumptuous Assets Limited	2201 Interest of corporation controlled by you
Ample Bonus Limited	2101 Beneficial owner
Far East Consortium International Limited	2201 Interest of corporation controlled by you
Blossom Industrial Investment Limited	2201 Interest of corporation controlled by you
Blossom International Investment Holdings Limited	2201 Interest of corporation controlled by you
Blossom Investment Consultant Limited	2201 Interest of corporation controlled by you
Yang Fang	2201 Interest of corporation controlled by you

Palasino Holdings (HKSE:02536) Headlines

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