Golden Faith Group Holdings (HKSE:02863) Debt-to-Equity : 0.01 (As of Sep. 2023)

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What is Golden Faith Group Holdings Debt-to-Equity?

Golden Faith Group Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was HK$2.3 Mil. Golden Faith Group Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was HK$0.2 Mil. Golden Faith Group Holdings's Total Stockholders Equity for the quarter that ended in Sep. 2023 was HK$282.6 Mil. Golden Faith Group Holdings's debt to equity for the quarter that ended in Sep. 2023 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 Golden Faith Group Holdings's Debt-to-Equity or its related term are showing as below:

HKSE:02863' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.01 Max: 0.55
Current: 0.01

During the past 10 years, the highest Debt-to-Equity Ratio of Golden Faith Group Holdings was 0.55. The lowest was 0.00. And the median was 0.01.

HKSE:02863's Debt-to-Equity is ranked better than
99.93% of 1525 companies
in the Construction industry
Industry Median: 0.44 vs HKSE:02863: 0.01

Golden Faith Group Holdings Debt-to-Equity Historical Data

The historical data trend for Golden Faith Group 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.

Golden Faith Group Holdings Debt-to-Equity Chart

Golden Faith Group Holdings Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Debt-to-Equity

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0.02

0.01

Golden Faith Group Holdings Semi-Annual Data
	Sep14	Sep15	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial													0.01	0.01	0.01	0.01	N/A

Competitive Comparison of Golden Faith Group Holdings's Debt-to-Equity

For the Engineering & Construction subindustry, Golden Faith Group 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.

Golden Faith Group Holdings's Debt-to-Equity Distribution in the Construction Industry

For the Construction industry and Industrials sector, Golden Faith Group Holdings's Debt-to-Equity distribution charts can be found below:

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

Golden Faith Group Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Golden Faith Group Holdings's Debt to Equity Ratio for the fiscal year 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
	=	(2.285	+	0.179)	/	282.571
	=	0.01

Golden Faith Group 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
	=	(2.285	+	0.179)	/	282.571
	=	0.01

Golden Faith Group Holdings (HKSE:02863) 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.

Golden Faith Group Holdings Debt-to-Equity Related Terms

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

Golden Faith Group Holdings (HKSE:02863) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Golden Faith Group Holdings Ltd (HKSE:02863) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

9-11 Leighton Road, 15th Floor, Honest Building, Causeway Bay, Hong Kong, HKG

Website

http://www.goldenfaith.hk

Golden Faith Group Holdings Ltd is an investment holding company. The company's operating segment includes Electric and maintenance engineering services.

Executives

Ko Chun Hay Kelvin	2101 Beneficial owner
Yung On Wah	2101 Beneficial owner
Cheung Kam Fai	2101 Beneficial owner
Greatly Success Investment Trading Limited	2101 Beneficial owner

Golden Faith Group Holdings (HKSE:02863) Headlines

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