Sheung Moon Holdings (HKSE:08523) Debt-to-Equity : -1.00 (As of Sep. 2023)

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What is Sheung Moon Holdings Debt-to-Equity?

Sheung Moon Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was HK$63.5 Mil. Sheung Moon Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was HK$1.5 Mil. Sheung Moon Holdings's Total Stockholders Equity for the quarter that ended in Sep. 2023 was HK$-65.3 Mil. Sheung Moon Holdings's debt to equity for the quarter that ended in Sep. 2023 was -1.00.

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

HKSE:08523' s Debt-to-Equity Range Over the Past 10 Years
Min: -5.15 Med: 0.56 Max: 0.87
Current: -1

During the past 8 years, the highest Debt-to-Equity Ratio of Sheung Moon Holdings was 0.87. The lowest was -5.15. And the median was 0.56.

HKSE:08523's Debt-to-Equity is not ranked
in the Construction industry.
Industry Median: 0.44 vs HKSE:08523: -1.00

Sheung Moon Holdings Debt-to-Equity Historical Data

The historical data trend for Sheung Moon 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.

Sheung Moon Holdings Debt-to-Equity Chart

Sheung Moon Holdings Annual Data

Trend

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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0.51

0.72

0.65

-5.15

-1.26

Sheung Moon Holdings 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															0.68	N/A	-1.26	N/A	-1.00

Competitive Comparison of Sheung Moon Holdings's Debt-to-Equity

For the Engineering & Construction subindustry, Sheung Moon 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.

Sheung Moon Holdings's Debt-to-Equity Distribution in the Construction Industry

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

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

Sheung Moon Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Sheung Moon Holdings'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
	=	(64.626	+	2.059)	/	-52.888
	=	-1.26

Sheung Moon Holdings'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
	=	(63.526	+	1.456)	/	-65.288
	=	-1.00

Sheung Moon Holdings (HKSE:08523) 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.

Sheung Moon Holdings Debt-to-Equity Related Terms

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Sheung Moon Holdings (HKSE:08523) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Sheung Moon Holdings Ltd (HKSE:08523) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 79 Wing Hong Street, Office D, 27th Floor, The Globe, Cheung Sha Wan, Kowloon, Hong Kong, HKG

Website

http://www.smcl.com.hk

Sheung Moon Holdings Ltd is an investment holding company. The company is engaged in the provision of site formation works, road and drainage works, and structural works in both the public and private sectors. It generates revenue from the provision of civil engineering construction services. Geographically, it derives revenue from Hong Kong.

Sheung Moon Holdings (HKSE:08523) Headlines

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