Fineland Living Services Group (HKSE:09978) Debt-to-Equity : 0.15 (As of Jun. 2024)

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What is Fineland Living Services Group Debt-to-Equity?

Fineland Living Services Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was HK$15.1 Mil. Fineland Living Services Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was HK$0.8 Mil. Fineland Living Services Group's Total Stockholders Equity for the quarter that ended in Jun. 2024 was HK$105.5 Mil. Fineland Living Services Group's debt to equity for the quarter that ended in Jun. 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 Fineland Living Services Group's Debt-to-Equity or its related term are showing as below:

HKSE:09978' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.03 Med: 0.13 Max: 0.25
Current: 0.03

During the past 10 years, the highest Debt-to-Equity Ratio of Fineland Living Services Group was 0.25. The lowest was 0.03. And the median was 0.13.

HKSE:09978's Debt-to-Equity is ranked better than
95.28% of 1548 companies
in the Real Estate industry
Industry Median: 0.71 vs HKSE:09978: 0.03

Fineland Living Services Group Debt-to-Equity Historical Data

The historical data trend for Fineland Living Services 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.

* Premium members only.

Fineland Living Services Group Debt-to-Equity Chart

Fineland Living Services Group Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Debt-to-Equity

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0.05

0.03

0.21

0.18

0.03

Fineland Living Services Group Semi-Annual Data
	Dec15	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Debt-to-Equity	Get a 7-Day Free Trial													0.21	0.24	0.18	0.15	0.03

Competitive Comparison of Fineland Living Services Group's Debt-to-Equity

For the Real Estate Services subindustry, Fineland Living Services 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.

Fineland Living Services Group's Debt-to-Equity Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Fineland Living Services Group's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Fineland Living Services Group's Debt-to-Equity falls into.

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Fineland Living Services Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Fineland Living Services Group'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
	=	(21.533	+	0.963)	/	123.34
	=	0.18

Fineland Living Services Group'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
	=	(15.088	+	0.836)	/	105.485
	=	0.15

Fineland Living Services Group (HKSE:09978) 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.

Fineland Living Services Group Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Fineland Living Services Group's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Fineland Living Services Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Fineland Living Services Group Ltd (HKSE:09978) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 28 Tiyu East Road, Fineland Plaza, Tianhe District, Guangzhou, CHN

Website

http://www.finelandassets.com

Fineland Living Services Group Ltd is principally engaged in providing comprehensive real estate agency services and professional property management services. The company through its operators in Guangzhou, China provides real estate agency services in both the primary and secondary property markets. It operates in the business segments of the provision of comprehensive real estate agency services and the provision of professional property management services.

Executives

Aspiring Vision Holdings Limited	2101 Beneficial owner
Huiyu Investment Holdings Limited	2101 Beneficial owner
Fineland Group Holdings Company Limited	2201 Interest of corporation controlled by you
Zheng Muming	2202 Interest of your spouse
Zheng Hui	2202 Interest of your spouse
Huang Peng	2103 Interests held jointly with another person
Tse Lai Wa	2103 Interests held jointly with another person
Fong Ming	2501 Other
Widethrive Investments Limited	2201 Interest of corporation controlled by you
Stand Smooth Group Limited	2201 Interest of corporation controlled by you
Mansion Green Holdings Limited	2101 Beneficial owner
Hero Dragon Management Limited	2201 Interest of corporation controlled by you
He Kangkang	2202 Interest of your spouse
Metropolitan Dawn Holdings Limited	2101 Beneficial owner
Rong Haiming	2201 Interest of corporation controlled by you

Fineland Living Services Group Headlines

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