Zhongshi Minan Holdings (HKSE:08283) Debt-to-Equity : 0.30 (As of Dec. 2023)

View and export this data going back to 2016. Start your Free Trial

What is Zhongshi Minan Holdings Debt-to-Equity?

Zhongshi Minan Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$3.6 Mil. Zhongshi Minan Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$9.1 Mil. Zhongshi Minan Holdings's Total Stockholders Equity for the quarter that ended in Dec. 2023 was HK$42.1 Mil. Zhongshi Minan Holdings's debt to equity for the quarter that ended in Dec. 2023 was 0.30.

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

HKSE:08283' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.13 Med: 0.35 Max: 0.83
Current: 0.3

During the past 10 years, the highest Debt-to-Equity Ratio of Zhongshi Minan Holdings was 0.83. The lowest was 0.13. And the median was 0.35.

HKSE:08283's Debt-to-Equity is ranked better than
64.23% of 1177 companies
in the Vehicles & Parts industry
Industry Median: 0.47 vs HKSE:08283: 0.30

Zhongshi Minan Holdings Debt-to-Equity Historical Data

The historical data trend for Zhongshi Minan 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.

Zhongshi Minan Holdings Debt-to-Equity Chart

Zhongshi Minan Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

0.83

0.59

0.40

0.33

0.30

Zhongshi Minan Holdings Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															0.33	N/A	0.23	N/A	0.30

Competitive Comparison of Zhongshi Minan Holdings's Debt-to-Equity

For the Auto Parts subindustry, Zhongshi Minan 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.

Zhongshi Minan Holdings's Debt-to-Equity Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Zhongshi Minan Holdings's Debt-to-Equity distribution charts can be found below:

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

Zhongshi Minan Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Zhongshi Minan 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
	=	(3.635	+	9.128)	/	42.13
	=	0.30

Zhongshi Minan 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
	=	(3.635	+	9.128)	/	42.13
	=	0.30

Zhongshi Minan Holdings (HKSE:08283) 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.

Zhongshi Minan Holdings Debt-to-Equity Related Terms

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

Zhongshi Minan Holdings (HKSE:08283) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Zhongshi Minan Holdings Ltd (HKSE:08283) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

176 Sin Ming Drive, No. 01-15 Sin Ming Autocare, Singapore, SGP, 575721

Website

http://www.zhongshiminanholdings.com

Zhongshi Minan Holdings Ltd is an automotive service provider. The company's operating segments are Maintenance and repair service segment that relates to the repair of manufacturer's defects, replacement of parts due to wear and tear, or repair of damage resulting from accidents, and The Modification, tuning and grooming services and trading of spare parts and accessories segment which relates to the modification, tuning, and grooming of the performance or appearance of passenger cars and the trading of spare parts and accessories and others segment which consists of the provision of motor finance services and trading of the passenger cars. It generates a majority of its revenue from the Maintenance and repair services segment. Geographically, it derives maximum revenue from Singapore.

Executives

Wang Lei	2101 Beneficial owner
Li Li Dan	2202 Interest of your spouse
Wang Lei	2101 Beneficial owner
Han Mei	2202 Interest of your spouse
Li Jie	2101 Beneficial owner

Zhongshi Minan Holdings (HKSE:08283) Headlines

No Headlines