Hao Bai International (Cayman) (HKSE:08431) Debt-to-Equity : 0.35 (As of Sep. 2023)

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What is Hao Bai International (Cayman) Debt-to-Equity?

Hao Bai International (Cayman)'s Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was HK$1.86 Mil. Hao Bai International (Cayman)'s Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was HK$5.12 Mil. Hao Bai International (Cayman)'s Total Stockholders Equity for the quarter that ended in Sep. 2023 was HK$19.89 Mil. Hao Bai International (Cayman)'s debt to equity for the quarter that ended in Sep. 2023 was 0.35.

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 Hao Bai International (Cayman)'s Debt-to-Equity or its related term are showing as below:

HKSE:08431' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.31 Med: 0.53 Max: 9.69
Current: 0.35

During the past 9 years, the highest Debt-to-Equity Ratio of Hao Bai International (Cayman) was 9.69. The lowest was 0.31. And the median was 0.53.

HKSE:08431's Debt-to-Equity is ranked better than
56.03% of 1526 companies
in the Construction industry
Industry Median: 0.44 vs HKSE:08431: 0.35

Hao Bai International (Cayman) Debt-to-Equity Historical Data

The historical data trend for Hao Bai International (Cayman)'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.

Hao Bai International (Cayman) Debt-to-Equity Chart

Hao Bai International (Cayman) Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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0.55

0.56

0.77

0.62

9.69

Hao Bai International (Cayman) Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial															0.49	N/A	9.69	N/A	0.35

Competitive Comparison of Hao Bai International (Cayman)'s Debt-to-Equity

For the Engineering & Construction subindustry, Hao Bai International (Cayman)'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.

Hao Bai International (Cayman)'s Debt-to-Equity Distribution in the Construction Industry

For the Construction industry and Industrials sector, Hao Bai International (Cayman)'s Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Hao Bai International (Cayman)'s Debt-to-Equity falls into.

Hao Bai International (Cayman) Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Hao Bai International (Cayman)'s Debt to Equity Ratio for the fiscal year that ended in Mar. 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
	=	(7.636	+	0)	/	0.788
	=	9.69

Hao Bai International (Cayman)'s Debt to Equity Ratio for the quarter that ended in Sep. 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
	=	(1.86	+	5.119)	/	19.886
	=	0.35

Hao Bai International (Cayman) (HKSE:08431) 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.

Hao Bai International (Cayman) Debt-to-Equity Related Terms

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Hao Bai International (Cayman) (HKSE:08431) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Hao Bai International (Cayman) Ltd (HKSE:08431) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 883 Cheung Sha Wan Road, Unit 1B, 10/F, Elite Industrial Centre, Kowloon, Hong Kong, HKG

Website

http://www.harmonyasia.com

Hao Bai International (Cayman) Ltd is an investment holding company. The company is engaged in the provision of design, procurement, and installation services of water circulation systems. Its services are mainly categorized as Management contracting services, Consultancy Services, The company generates maximum revenue from the Management contracting services segment that engages in the provision of design, procurement, and installation services of the water circulation systems. Geographically, it derives a majority of revenue from Hong Kong and also has a presence in Macau.

Executives

Prudential Brokerage Limited	2106 Person having a security interest in shares
Li Dongyan	2201 Interest of corporation controlled by you
Zhuiri Law And Business International Holding Group Limited	2101 Beneficial owner
Song Chenglei	2101 Beneficial owner
Harmony Asia International Limited	2101 Beneficial owner
Nam Ho Kwan	2101 Beneficial owner
Chen Mingxia	2101 Beneficial owner

Hao Bai International (Cayman) (HKSE:08431) Headlines

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