Worldgate Global Logistics (HKSE:08292) Debt-to-Equity : 0.20 (As of Jun. 2024)

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What is Worldgate Global Logistics Debt-to-Equity?

Worldgate Global Logistics's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was HK$7.0 Mil. Worldgate Global Logistics's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was HK$2.5 Mil. Worldgate Global Logistics's Total Stockholders Equity for the quarter that ended in Jun. 2024 was HK$48.9 Mil. Worldgate Global Logistics's debt to equity for the quarter that ended in Jun. 2024 was 0.20.

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 Worldgate Global Logistics's Debt-to-Equity or its related term are showing as below:

HKSE:08292' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.13 Med: 0.35 Max: 1.68
Current: 0.2

During the past 10 years, the highest Debt-to-Equity Ratio of Worldgate Global Logistics was 1.68. The lowest was 0.13. And the median was 0.35.

HKSE:08292's Debt-to-Equity is ranked better than
76.89% of 887 companies
in the Transportation industry
Industry Median: 0.51 vs HKSE:08292: 0.20

Worldgate Global Logistics Debt-to-Equity Historical Data

The historical data trend for Worldgate Global Logistics'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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Worldgate Global Logistics Debt-to-Equity Chart

Worldgate Global Logistics Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.41

0.34

0.24

0.15

0.20

Worldgate Global Logistics Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Jun24
Debt-to-Equity	Get a 7-Day Free Trial															N/A	0.13	N/A	0.20	0.20

Competitive Comparison of Worldgate Global Logistics's Debt-to-Equity

For the Integrated Freight & Logistics subindustry, Worldgate Global Logistics'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.

Worldgate Global Logistics's Debt-to-Equity Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Worldgate Global Logistics's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Worldgate Global Logistics's Debt-to-Equity falls into.

Worldgate Global Logistics Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Worldgate Global Logistics'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
	=	(8.68	+	3.399)	/	60.788
	=	0.20

Worldgate Global Logistics'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
	=	(7.035	+	2.544)	/	48.941
	=	0.20

Worldgate Global Logistics (HKSE:08292) 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.

Worldgate Global Logistics Debt-to-Equity Related Terms

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

Worldgate Global Logistics Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Worldgate Global Logistics Ltd (HKSE:08292) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 42, Jalan Puteri 2/2, Bandar Puteri Puchong, Puchong, SGR, MYS, 47100

Website

https://www.worldgate.com.my

Worldgate Global Logistics Ltd is a well-established integrated logistics solution provider in Malaysia and Hong Kong principally engaged in providing international freight forwarding and logistics services, with a primary focus on air/sea freight forwarding and related services, trucking and warehousing to customers, manufacturing and sale of plastic products in Vietnam and trading of used mobile phones. It operates in three segments namely Freight forwarding and related services, Trading of used mobile phones, and Manufacturing and sale of plastic products. The majority of the revenue is derived from Trading used mobile phones.

Executives

Win All Management Limited	2101 Beneficial owner
Lau Chi Yuen Joseph	2101 Beneficial owner
Ng Hang Fai Calvin	2201 Interest of corporation controlled by you
Zhong Xian Wen	2201 Interest of corporation controlled by you

Worldgate Global Logistics Headlines

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