Legend Holdings (HKSE:03396) Debt-to-Equity : 2.70 (As of Dec. 2023)

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What is Legend Holdings Debt-to-Equity?

Legend Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$93,892 Mil. Legend Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$78,378 Mil. Legend Holdings's Total Stockholders Equity for the quarter that ended in Dec. 2023 was HK$63,796 Mil. Legend Holdings's debt to equity for the quarter that ended in Dec. 2023 was 2.70.

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

HKSE:03396' s Debt-to-Equity Range Over the Past 10 Years
Min: 1.51 Med: 2.42 Max: 2.8
Current: 2.7

During the past 10 years, the highest Debt-to-Equity Ratio of Legend Holdings was 2.80. The lowest was 1.51. And the median was 2.42.

HKSE:03396's Debt-to-Equity is ranked worse than
97.63% of 2191 companies
in the Hardware industry
Industry Median: 0.29 vs HKSE:03396: 2.70

Legend Holdings Debt-to-Equity Historical Data

The historical data trend for Legend 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.

Legend Holdings Debt-to-Equity Chart

Legend Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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2.46

2.80

2.65

2.53

2.70

Legend Holdings 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															2.65	2.55	2.53	2.39	2.70

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

For the Computer Hardware subindustry, Legend 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.

Legend Holdings's Debt-to-Equity Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Legend Holdings's Debt-to-Equity distribution charts can be found below:

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

Legend Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Legend Holdings'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
	=	(93892.085	+	78377.524)	/	63796.273
	=	2.70

Legend Holdings'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
	=	(93892.085	+	78377.524)	/	63796.273
	=	2.70

Legend Holdings (HKSE:03396) 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.

Legend Holdings Debt-to-Equity Related Terms

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

Legend Holdings (HKSE:03396) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Legend Holdings Ltd (HKSE:03396) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

1PC:Germany

Address

Room 1701, 17th Floor, Block 1, Court No. 2, Ke Xue Yuan Nanlu, Haidian District, Beinjing, CHN, 100190

Website

http://www.legendholdings.com.cn

Legend Holdings Ltd is a diversified industrial and investment group in China. The Company operates its business through two sectors: industrial operations and industrial incubations and investments. The Industrial operations segment includes Lenovo, which is mainly engaged in providing innovative intelligent devices and infrastructure, and creates intelligent solutions, services and software. Levima Group, which mainly engaged in the research and development, production and sales of advanced material products. The industrial incubations and investments includes Which is engaged in investment in the PE Funds and VC Funds as a limited partner and holds interest in the general partners of certain funds.

Executives

Bei Jing Lian Heng Yong Xin Tou Zi Zhong Xin You Xian He Huo	2101 Beneficial owner
Bei Jing Lian Heng Yong Kang Guan Li Zi Xun You Xian Gong Si	2201 Interest of corporation controlled by you
Liu Chuanzhi
Liu Chuanzhi	2101 Beneficial owner
Bei Jing Lian Chi Zhi Tong Guan Li Zi Xun You Xian Ze Ren Gong Si	2201 Interest of corporation controlled by you
Bei Jing Lian Chi Zhi Yuan Guan Li Zi Xun Zhong Xin You Xian He Huo	2101 Beneficial owner

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