Migao Group Holdings (HKSE:09879) Debt-to-Equity : 0.16 (As of Sep. 2024)

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What is Migao Group Holdings Debt-to-Equity?

Migao Group Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was HK$263 Mil. Migao Group Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was HK$164 Mil. Migao Group Holdings's Total Stockholders Equity for the quarter that ended in Sep. 2024 was HK$2,761 Mil. Migao Group Holdings's debt to equity for the quarter that ended in Sep. 2024 was 0.15.

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

HKSE:09879' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.16 Med: 0.26 Max: 0.42
Current: 0.16

During the past 4 years, the highest Debt-to-Equity Ratio of Migao Group Holdings was 0.42. The lowest was 0.16. And the median was 0.26.

HKSE:09879's Debt-to-Equity is ranked better than
70.51% of 234 companies
in the Agriculture industry
Industry Median: 0.385 vs HKSE:09879: 0.16

Migao Group Holdings Debt-to-Equity Historical Data

The historical data trend for Migao Group 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.

Migao Group Holdings Debt-to-Equity Chart

Migao Group Holdings Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

0.30

0.42

0.26

0.23

Migao Group Holdings Semi-Annual Data
	Mar21	Mar22	Mar23	Sep23	Mar24	Sep24
Debt-to-Equity	Get a 7-Day Free Trial			0.42	0.26	N/A	0.23	0.16

Competitive Comparison of Migao Group Holdings's Debt-to-Equity

For the Agricultural Inputs subindustry, Migao Group 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.

Migao Group Holdings's Debt-to-Equity Distribution in the Agriculture Industry

For the Agriculture industry and Basic Materials sector, Migao Group Holdings's Debt-to-Equity distribution charts can be found below:

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

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Migao Group Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Migao Group Holdings's Debt to Equity Ratio for the fiscal year that ended in Mar. 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
	=	(418.853	+	179.197)	/	2659.566
	=	0.22

Migao Group Holdings's Debt to Equity Ratio for the quarter that ended in Sep. 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
	=	(263.246	+	163.776)	/	2761.213
	=	0.15

Migao Group Holdings (HKSE:09879) 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.

Migao Group Holdings Debt-to-Equity Related Terms

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Migao Group Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » Migao Group Holdings Ltd (HKSE:09879) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Qingzhou Development Zone, East Park, Cangjiang Industrial Park, Gaoming District, Foshan, CHN

Website

https://www.migaogroup.com

Migao Group Holdings Ltd is a national potash fertilizer company in China with sourcing and procurement, processing, and manufacturing. It sells various potash fertilizer products, including KCL, SOP, NOP, and compound fertilizers. Geographically, the company generates a majority of its revenue from its business in the People's Republic of China.

Executives

Liu Guocai	2201 Interest of corporation controlled by you
Migao Holding Limited	2101 Beneficial owner
Migao International Holding Limited	2201 Interest of corporation controlled by you

Migao Group Holdings Headlines

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