Grand Power Logistics Group (HKSE:08489) Debt-to-Equity : 0.38 (As of Dec. 2024)

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What is Grand Power Logistics Group Debt-to-Equity?

Grand Power Logistics Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2024 was HK$47.6 Mil. Grand Power Logistics Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2024 was HK$0.5 Mil. Grand Power Logistics Group's Total Stockholders Equity for the quarter that ended in Dec. 2024 was HK$126.7 Mil. Grand Power Logistics Group's debt to equity for the quarter that ended in Dec. 2024 was 0.38.

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 Grand Power Logistics Group's Debt-to-Equity or its related term are showing as below:

HKSE:08489' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.21 Med: 0.45 Max: 0.94
Current: 0.38

During the past 8 years, the highest Debt-to-Equity Ratio of Grand Power Logistics Group was 0.94. The lowest was 0.21. And the median was 0.45.

HKSE:08489's Debt-to-Equity is ranked better than
59.89% of 900 companies
in the Transportation industry
Industry Median: 0.51 vs HKSE:08489: 0.38

Grand Power Logistics Group Debt-to-Equity Historical Data

The historical data trend for Grand Power Logistics Group'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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Grand Power Logistics Group Debt-to-Equity Chart

Grand Power Logistics Group Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Debt-to-Equity

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0.47

0.26

0.21

0.42

0.38

Grand Power Logistics Group Quarterly Data
	Dec18	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Jun24	Dec24
Debt-to-Equity	Get a 7-Day Free Trial															0.26	N/A	0.42	0.39	0.38

Competitive Comparison of Grand Power Logistics Group's Debt-to-Equity

For the Integrated Freight & Logistics subindustry, Grand Power Logistics Group'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.

Grand Power Logistics Group's Debt-to-Equity Distribution in the Transportation Industry

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

* The bar in red indicates where Grand Power Logistics Group's Debt-to-Equity falls into.

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Grand Power Logistics Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Grand Power Logistics Group's Debt to Equity Ratio for the fiscal year that ended in Dec. 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
	=	(47.625	+	0.548)	/	126.655
	=	0.38

Grand Power Logistics Group's Debt to Equity Ratio for the quarter that ended in Dec. 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
	=	(47.625	+	0.548)	/	126.655
	=	0.38

Grand Power Logistics Group (HKSE:08489) 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.

Grand Power Logistics Group Debt-to-Equity Related Terms

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Grand Power Logistics Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Grand Power Logistics Group Ltd (HKSE:08489) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

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Address

1 Hok Cheung Street, Unit 611, 6th Floor, Tower 1 Harbour Centre, Hung Hom, Kowloon, HKG

Website

https://www.grandpowerexpress.com

Grand Power Logistics Group Ltd is an investment holding company and its subsidiaries are principally engaged in the provision of air-freight and ocean-freight forwarding services as an integrated logistics services provider, which involves arranging shipments upon receipt of booking instructions from its customers, obtaining cargo spaces from cargo space suppliers (including airlines, shipping liners and other freight forwarders) and preparing the relevant documentations (such as customs clearance from origin of consignment). Its business segments include Air freight forwarding services and Ocean freight forwarding services. It generates maximum revenue from the Air freight forwarding services segment. Its geographic segments are Europe, Asia, North America, and Others.

Executives

Peak Connect International Limited	2101 Beneficial owner
Profit Virtue Worldwide Limited	2101 Beneficial owner
Chiu Ricky Tong	2201 Interest of corporation controlled by you
Wong Sheng Ning Candace	2202 Interest of your spouse

Grand Power Logistics Group Headlines

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