Freetech Road Recycling Technology (Holdings) (HKSE:06888) Debt-to-Equity : 0.14 (As of Dec. 2023)

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What is Freetech Road Recycling Technology (Holdings) Debt-to-Equity?

Freetech Road Recycling Technology (Holdings)'s Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$100.7 Mil. Freetech Road Recycling Technology (Holdings)'s Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$1.0 Mil. Freetech Road Recycling Technology (Holdings)'s Total Stockholders Equity for the quarter that ended in Dec. 2023 was HK$715.4 Mil. Freetech Road Recycling Technology (Holdings)'s debt to equity for the quarter that ended in Dec. 2023 was 0.14.

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 Freetech Road Recycling Technology (Holdings)'s Debt-to-Equity or its related term are showing as below:

HKSE:06888' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.13 Max: 0.18
Current: 0.14

During the past 12 years, the highest Debt-to-Equity Ratio of Freetech Road Recycling Technology (Holdings) was 0.18. The lowest was 0.00. And the median was 0.13.

HKSE:06888's Debt-to-Equity is ranked better than
74.46% of 1519 companies
in the Construction industry
Industry Median: 0.44 vs HKSE:06888: 0.14

Freetech Road Recycling Technology (Holdings) Debt-to-Equity Historical Data

The historical data trend for Freetech Road Recycling Technology (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.

Freetech Road Recycling Technology (Holdings) Debt-to-Equity Chart

Freetech Road Recycling Technology (Holdings) Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.17

0.13

0.12

0.13

0.14

Freetech Road Recycling Technology (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															0.12	0.14	0.13	0.14	0.14

Competitive Comparison of Freetech Road Recycling Technology (Holdings)'s Debt-to-Equity

For the Infrastructure Operations subindustry, Freetech Road Recycling Technology (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.

Freetech Road Recycling Technology (Holdings)'s Debt-to-Equity Distribution in the Construction Industry

For the Construction industry and Industrials sector, Freetech Road Recycling Technology (Holdings)'s Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Freetech Road Recycling Technology (Holdings)'s Debt-to-Equity falls into.

Freetech Road Recycling Technology (Holdings) Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Freetech Road Recycling Technology (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
	=	(100.732	+	0.985)	/	715.362
	=	0.14

Freetech Road Recycling Technology (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
	=	(100.732	+	0.985)	/	715.362
	=	0.14

Freetech Road Recycling Technology (Holdings) (HKSE:06888) 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.

Freetech Road Recycling Technology (Holdings) Debt-to-Equity Related Terms

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

Freetech Road Recycling Technology (Holdings) (HKSE:06888) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Freetech Road Recycling Technology (Holdings) Ltd (HKSE:06888) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

178 Gloucester Road, 29th Floor, Chinachem Century Tower, Wanchai, Hong Kong, HKG

Website

https://www.freetech-holdings.hk

Freetech Road Recycling Technology (Holdings) Ltd is an investment holding company engaged in the manufacturing and sale of road maintenance equipment and provision of road maintenance services in the People's Republic of China (the PRC). The operating segments of the group are APM service segment, where it provides APM services under the registered trademark (Road Doctor) to repair damaged asphalt pavement surfaces, and the APM equipment segment, where it manufactures and sells a wide range of APM equipment. It derives the majority of its revenue from APM Services. It has a business presence in Mainland China and other overseas markets.

Executives

Bank Of Communications Trustee Limited	2301 Trustee
Sze Wai Pan	2101 Beneficial owner
Freetech Technology Limited	2201 Interest of corporation controlled by you

Freetech Road Recycling Technology (Holdings) (HKSE:06888) Headlines

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