Top Spring International Holdings (HKSE:03688) Debt-to-Equity : 1.01 (As of Jun. 2024)

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What is Top Spring International Holdings Debt-to-Equity?

Top Spring International Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was HK$3,220.0 Mil. Top Spring International Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was HK$4,218.8 Mil. Top Spring International Holdings's Total Stockholders Equity for the quarter that ended in Jun. 2024 was HK$7,402.9 Mil. Top Spring International Holdings's debt to equity for the quarter that ended in Jun. 2024 was 1.00.

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

HKSE:03688' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.81 Med: 1.01 Max: 2.48
Current: 1.01

During the past 13 years, the highest Debt-to-Equity Ratio of Top Spring International Holdings was 2.48. The lowest was 0.81. And the median was 1.01.

HKSE:03688's Debt-to-Equity is ranked worse than
61.92% of 1573 companies
in the Real Estate industry
Industry Median: 0.72 vs HKSE:03688: 1.01

Top Spring International Holdings Debt-to-Equity Historical Data

The historical data trend for Top Spring International 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.

Top Spring International Holdings Debt-to-Equity Chart

Top Spring International Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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1.00

1.07

0.98

0.84

0.90

Top Spring International Holdings Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Debt-to-Equity	Get a 7-Day Free Trial															1.00	0.84	0.86	0.90	1.01

Competitive Comparison of Top Spring International Holdings's Debt-to-Equity

For the Real Estate - Development subindustry, Top Spring International 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.

Top Spring International Holdings's Debt-to-Equity Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Top Spring International Holdings's Debt-to-Equity distribution charts can be found below:

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

Top Spring International Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Top Spring International 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
	=	(3311.979	+	3977.346)	/	8092.201
	=	0.90

Top Spring International Holdings's Debt to Equity Ratio for the quarter that ended in Jun. 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
	=	(3219.975	+	4218.79)	/	7402.902
	=	1.00

Top Spring International Holdings (HKSE:03688) 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.

Top Spring International Holdings Debt-to-Equity Related Terms

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Top Spring International Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Top Spring International Holdings Ltd (HKSE:03688) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

6-8 Harbour Road, Rooms 04-08, 26th Floor, Shui On Centre, Wanchai, Hong Kong, HKG

Website

https://www.topspring.com

Top Spring International Holdings Ltd is an investment holding engaged in property development, property investment, property management and related services, and education-related services in the People's Republic of China. It generates the majority of its revenue from the Property development segment which develops and sells residential and commercial properties. Geographically the company has a presence in Chinese Mainland, Hong Kong, and Australia, with key revenue coming from Chinese Mainland.

Executives

Hsbc International Trustee Limited	2301 Trustee
Ong Sek Hian (wang Shixian)	2201 Interest of corporation controlled by you
Ong Jenn (wang Zhen)	2201 Interest of corporation controlled by you
Chance Again Limited	2101 Beneficial owner
Cheung Yuet (b.v.i.) Limited	2201 Interest of corporation controlled by you
Liu Choi Lin	2202 Interest of your spouse
Wong Chun Hong	2201 Interest of corporation controlled by you
Metro Holdings Limited	2201 Interest of corporation controlled by you
Metro Holdings Limited	2201 Interest of corporation controlled by you
Cai Yun Guo Ji Tou Zi You Xian Gong Si	2101 Beneficial owner
Yun Nan Sheng Cheng Shi Jian She Tou Zi Ji Tuan You Xian Gong Si	2201 Interest of corporation controlled by you

Top Spring International Holdings Headlines

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