Far East Horizon (HKSE:03360) Debt-to-Equity : 4.97 (As of Dec. 2023)

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What is Far East Horizon Debt-to-Equity?

Far East Horizon's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$145,112 Mil. Far East Horizon's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$135,578 Mil. Far East Horizon's Total Stockholders Equity for the quarter that ended in Dec. 2023 was HK$56,519 Mil. Far East Horizon's debt to equity for the quarter that ended in Dec. 2023 was 4.97.

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 East Horizon's Debt-to-Equity or its related term are showing as below:

HKSE:03360' s Debt-to-Equity Range Over the Past 10 Years
Min: 3.69 Med: 4.51 Max: 5.21
Current: 4.97

During the past 13 years, the highest Debt-to-Equity Ratio of Far East Horizon was 5.21. The lowest was 3.69. And the median was 4.51.

HKSE:03360's Debt-to-Equity is ranked worse than
87.24% of 431 companies
in the Credit Services industry
Industry Median: 1.18 vs HKSE:03360: 4.97

Far East Horizon Debt-to-Equity Historical Data

The historical data trend for Far East Horizon'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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Far East Horizon Debt-to-Equity Chart

Far East Horizon Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

4.11

4.84

4.71

5.21

4.97

Far East Horizon Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															4.71	5.78	5.21	5.38	4.97

Competitive Comparison of Far East Horizon's Debt-to-Equity

For the Credit Services subindustry, Far East Horizon'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 East Horizon's Debt-to-Equity Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Far East Horizon's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Far East Horizon's Debt-to-Equity falls into.

Far East Horizon Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Far East Horizon'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
	=	(145112.174	+	135577.509)	/	56519.104
	=	4.97

Far East Horizon'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
	=	(145112.174	+	135577.509)	/	56519.104
	=	4.97

Far East Horizon (HKSE:03360) 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 East Horizon Debt-to-Equity Related Terms

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Far East Horizon (HKSE:03360) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Far East Horizon Ltd (HKSE:03360) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

F6H:Germany

Address

1 Austin Road West, Unit 6608, 66th Floor, International Commerce Centre, Kowloon, Hong Kong, HKG

Website

https://www.fehorizon.com

Far East Horizon Ltd is a specialty finance provider. Its services entail integrated finance, investment, trade, advisory and engineering services in healthcare, infrastructure construction, electronic information, packaging, transportation and other sectors. The company operates in two segments. The Financial, lease, and advisory business is the highest revenue-generating segment for the company that deals with the provision of direct finance leasing, sale-leaseback, factoring, entrusted loans, and advisory services. The industrial operation and management business segment deals with the import and export trade and domestic trade of medical equipment, the provision of trade agency services, medical engineering, hospital and healthcare management, and ship brokerage services.

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