Harbour Equine Holdings (HKSE:08377) Debt-to-Equity : 6.32 (As of Jun. 2024)

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What is Harbour Equine Holdings Debt-to-Equity?

Harbour Equine Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was HK$26.90 Mil. Harbour Equine Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was HK$0.45 Mil. Harbour Equine Holdings's Total Stockholders Equity for the quarter that ended in Jun. 2024 was HK$4.33 Mil. Harbour Equine Holdings's debt to equity for the quarter that ended in Jun. 2024 was 6.32.

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

HKSE:08377' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.1 Med: 0.43 Max: 6.32
Current: 6.32

During the past 9 years, the highest Debt-to-Equity Ratio of Harbour Equine Holdings was 6.32. The lowest was 0.10. And the median was 0.43.

HKSE:08377's Debt-to-Equity is ranked worse than
98.38% of 926 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.41 vs HKSE:08377: 6.32

Harbour Equine Holdings Debt-to-Equity Historical Data

The historical data trend for Harbour Equine 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.

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Harbour Equine Holdings Debt-to-Equity Chart

Harbour Equine Holdings Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.61

0.11

0.49

1.83

Harbour Equine Holdings 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	0.70	N/A	1.83	6.32

Competitive Comparison of Harbour Equine Holdings's Debt-to-Equity

For the Textile Manufacturing subindustry, Harbour Equine 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.

Harbour Equine Holdings's Debt-to-Equity Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Harbour Equine Holdings's Debt-to-Equity distribution charts can be found below:

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

Harbour Equine Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Harbour Equine 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
	=	(34.491	+	0.896)	/	19.388
	=	1.83

Harbour Equine 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
	=	(26.896	+	0.452)	/	4.328
	=	6.32

Harbour Equine Holdings (HKSE:08377) 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.

Harbour Equine Holdings Debt-to-Equity Related Terms

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

Harbour Equine Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Harbour Equine Holdings Ltd (HKSE:08377) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

No. 386 Zeng Nan Road, Zeng Jiao Cun, Fang Cun, Liwan District, Guangzhou, CHN

Website

https://www.harbourequine.com

Harbour Equine Holdings Ltd is a textile manufacturing company. It is engaged in the manufacturing and selling of sewing threads and board categories of garment accessories, provision of interior design, interior decoration, and furnishing services, and provision of trading of bloodstock, stallion services, and equine handling services, provision of securities, advising on corporate finance and assets management. It also offers other types of sewing threads, namely textured polyester series, elastic filament sewing threads, and weft yarn. Its segments are the manufacturing and selling of sewing threads, Interior design and decoration, Equine services, and Advising on securities, corporate finance, and asset management. It generates the majority of revenue from Hong Kong.

Executives

Three Gates Investment Limited	2101 Beneficial owner
Wong Kwok Wai Albert	2201 Interest of corporation controlled by you
Fung Wing Cheung Tony	2101 Beneficial owner
Gold-face Finance Limited	2106 Person having a security interest in shares
Upbest Group Limited	2201 Interest of corporation controlled by you

Harbour Equine Holdings Headlines

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