Hang Chi Holdings (HKSE:08405) Debt-to-Equity : 0.60 (As of Jun. 2024)

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What is Hang Chi Holdings Debt-to-Equity?

Hang Chi Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was HK$42.3 Mil. Hang Chi Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was HK$69.3 Mil. Hang Chi Holdings's Total Stockholders Equity for the quarter that ended in Jun. 2024 was HK$184.9 Mil. Hang Chi Holdings's debt to equity for the quarter that ended in Jun. 2024 was 0.60.

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

HKSE:08405' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.3 Med: 0.48 Max: 0.66
Current: 0.6

During the past 9 years, the highest Debt-to-Equity Ratio of Hang Chi Holdings was 0.66. The lowest was 0.30. And the median was 0.48.

HKSE:08405's Debt-to-Equity is ranked worse than
56.73% of 550 companies
in the Healthcare Providers & Services industry
Industry Median: 0.46 vs HKSE:08405: 0.60

Hang Chi Holdings Debt-to-Equity Historical Data

The historical data trend for Hang Chi 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.

Hang Chi Holdings Debt-to-Equity Chart

Hang Chi Holdings Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.66

0.47

0.44

0.49

0.42

Hang Chi 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	0.48	N/A	0.42	0.60

Competitive Comparison of Hang Chi Holdings's Debt-to-Equity

For the Medical Care Facilities subindustry, Hang Chi 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.

Hang Chi Holdings's Debt-to-Equity Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Hang Chi Holdings's Debt-to-Equity distribution charts can be found below:

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

Hang Chi Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Hang Chi 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
	=	(38.02	+	41.14)	/	188.389
	=	0.42

Hang Chi 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
	=	(42.341	+	69.347)	/	184.857
	=	0.60

Hang Chi Holdings (HKSE:08405) 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.

Hang Chi Holdings Debt-to-Equity Related Terms

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Hang Chi Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Hang Chi Holdings Ltd (HKSE:08405) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 18 Sheung Yuet Road, Unit 09, 7th Floor, FTLife Tower, Kowloon Bay, Kowloon, Hong Kong, HKG

Website

https://www.shuionnc.com

Hang Chi Holdings Ltd is engaged in the operation of elderly residential care homes. Its business comprises of providing comprehensive residential care home services to the elderly residents including the provision of accommodation with dietician-managed meal plans, 24-hour nursing and caretaking assistance and professional services such as regular medical consultation, physiotherapy, occupational therapy, psychological and social care services; and the sale of healthcare and medical consumable products and the provision of customizable add-on healthcare services to the elderly residents. The group derives majority of the revenue from Hong Kong.

Executives

Yik Tak Chi	2101 Beneficial owner
Lok Ko Yeung Benjiman
Lui Chi Tat	2101 Beneficial owner
Hang Chi Development & Investment Limited
Lucky Expert Investments Limited
Multifield Investment Development Limited
Shui Wah Limited
Chung Shuk Man
Yik Wai Hang

Hang Chi Holdings Headlines

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