Innovax Holdings (HKSE:02680) Debt-to-Equity : 0.01 (As of Aug. 2024)

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What is Innovax Holdings Debt-to-Equity?

Innovax Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Aug. 2024 was HK$1.1 Mil. Innovax Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Aug. 2024 was HK$0.7 Mil. Innovax Holdings's Total Stockholders Equity for the quarter that ended in Aug. 2024 was HK$187.6 Mil. Innovax Holdings's debt to equity for the quarter that ended in Aug. 2024 was 0.01.

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

HKSE:02680' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.01 Max: 0.17
Current: 0.01

During the past 9 years, the highest Debt-to-Equity Ratio of Innovax Holdings was 0.17. The lowest was 0.00. And the median was 0.01.

HKSE:02680's Debt-to-Equity is ranked better than
99.83% of 592 companies
in the Capital Markets industry
Industry Median: 0.29 vs HKSE:02680: 0.01

Innovax Holdings Debt-to-Equity Historical Data

The historical data trend for Innovax 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.

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Innovax Holdings Debt-to-Equity Chart

Innovax Holdings Annual Data

Trend

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Feb24

Debt-to-Equity

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0.01

Innovax Holdings Semi-Annual Data
	Feb16	Feb17	Aug17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23	Feb24	Aug24
Debt-to-Equity	Get a 7-Day Free Trial												0.01	0.01	0.01	-	0.01

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

For the Capital Markets subindustry, Innovax 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.

Innovax Holdings's Debt-to-Equity Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Innovax Holdings's Debt-to-Equity distribution charts can be found below:

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

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Innovax Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Innovax Holdings's Debt to Equity Ratio for the fiscal year that ended in Feb. 2024 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
	=	(0.33	+	0)	/	210.489
	=	0.00

Innovax Holdings's Debt to Equity Ratio for the quarter that ended in Aug. 2024 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
	=	(1.121	+	0.735)	/	187.6
	=	0.01

Innovax Holdings (HKSE:02680) 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.

Innovax Holdings Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Innovax Holdings's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Innovax Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Innovax Holdings Ltd (HKSE:02680) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

128 Gloucester Road, Unit A-C, 20/F, Neich Tower, Wanchai, Hong Kong, HKG

Website

https://www.innovax.hk

Innovax Holdings Ltd is a financial and securities service provider in Hong Kong. The services offered by the group include corporate finance advisory services; placing and underwriting services; securities dealing and brokerage services; securities financing services; asset management services and money lending services. The services are offered to retail and corporate clients.

Executives

Chung Chi Man	2101 Beneficial owner
Billion Shine International Investment Limited	2101 Beneficial owner
Lee Yin Har	2202 Interest of your spouse

Innovax Holdings Headlines

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