Tsun Yip Holdings (HKSE:08356) Debt-to-Equity : -1.55 (As of Sep. 2024)

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What is Tsun Yip Holdings Debt-to-Equity?

Tsun Yip Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was HK$1.6 Mil. Tsun Yip Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was HK$37.4 Mil. Tsun Yip Holdings's Total Stockholders Equity for the quarter that ended in Sep. 2024 was HK$-25.2 Mil. Tsun Yip Holdings's debt to equity for the quarter that ended in Sep. 2024 was -1.55.

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

HKSE:08356' s Debt-to-Equity Range Over the Past 10 Years
Min: -8.87 Med: -1.03 Max: 56.56
Current: -1.55

During the past 13 years, the highest Debt-to-Equity Ratio of Tsun Yip Holdings was 56.56. The lowest was -8.87. And the median was -1.03.

HKSE:08356's Debt-to-Equity is not ranked
in the Construction industry.
Industry Median: 0.44 vs HKSE:08356: -1.55

Tsun Yip Holdings Debt-to-Equity Historical Data

The historical data trend for Tsun Yip 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.

Tsun Yip Holdings Debt-to-Equity Chart

Tsun Yip Holdings Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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-1.10

-0.85

-0.79

-0.77

-0.75

Tsun Yip Holdings Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Mar24	Sep24
Debt-to-Equity	Get a 7-Day Free Trial															-0.77	N/A	-0.77	-0.75	-1.55

Competitive Comparison of Tsun Yip Holdings's Debt-to-Equity

For the Engineering & Construction subindustry, Tsun Yip 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.

Tsun Yip Holdings's Debt-to-Equity Distribution in the Construction Industry

For the Construction industry and Industrials sector, Tsun Yip Holdings's Debt-to-Equity distribution charts can be found below:

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

Tsun Yip Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Tsun Yip Holdings's Debt to Equity Ratio for the fiscal year that ended in Mar. 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
	=	(302.887	+	0.071)	/	-405.113
	=	-0.75

Tsun Yip Holdings's Debt to Equity Ratio for the quarter that ended in Sep. 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
	=	(1.641	+	37.449)	/	-25.225
	=	-1.55

Tsun Yip Holdings (HKSE:08356) 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.

Tsun Yip Holdings Debt-to-Equity Related Terms

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Tsun Yip Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Tsun Yip Holdings Ltd (HKSE:08356) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

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Address

28 On Lok Mun Street, Fuk Shing Commercial Building, Flat 314, 3rd Floor, Fanling, New Territories, HKG

Website

https://www.tsunyip.hk

Tsun Yip Holdings Ltd provides civil engineering services for the public sector in Hong Kong and the television broadcasting business in the Asia-Pacific region. Its operating segments are the Provision of civil engineering services and the Television broadcasting business. The Provision of civil engineering services segment is engaged in the provision of waterworks engineering services, road works, drainage services, and site formation works for the public sector in Hong Kong, and the Media and advertising business television broadcasting business segment is engaged in broadcasting television programs on television channels operated by television broadcasting companies in the Asia-Pacific region.

Executives

Kan Kwok Cheung	2201 Interest of corporation controlled by you
Lam Shun Kiu, Rosita	2202 Interest of your spouse
Shunleetat (bvi) Limited	2101 Beneficial owner

Tsun Yip Holdings Headlines

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