KWHAF (K Wah International Holdings) Debt-to-Equity: 0.34 (As of Dec. 2025) — 21% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

KWHAF K Wah International Holdings Ltd KWHAF
40 GF Score
Price $0.24
GF Value $0.06
! 8 Warning Signs
View Full Analysis

What is K Wah International Holdings Debt-to-Equity?

K Wah International Holdings KWHAF 40 Debt-to-Equity is 0.34 as of Dec. 2025, which is 21% below its 10-year median of 0.43. GuruFocus rates KWHAF with a GF Score™ of 40/100 and a GF Value™ of $0.06. The stock has 8 warning signs investors should review. Among 1,545 Real Estate companies, K Wah International Holdings ranks better than 70.61% on this metric.

K Wah International Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2025 was $431.8 Mil. K Wah International Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2025 was $1,334.4 Mil. K Wah International Holdings's Total Stockholders Equity for the quarter that ended in Dec. 2025 was $5,154.0 Mil. K Wah International Holdings's debt to equity for the quarter that ended in Dec. 2025 was 0.34.

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 K Wah International Holdings's Debt-to-Equity or its related term are showing as below:

KWHAF' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.34   Med: 0.43   Max: 0.58
Current: 0.34

During the past 13 years, the highest Debt-to-Equity Ratio of K Wah International Holdings was 0.58. The lowest was 0.34. And the median was 0.43.

KWHAF's Debt-to-Equity is ranked better than
70.61% of 1545 companies
in the Real Estate industry
Industry Median: 0.75 vs KWHAF: 0.34

K Wah International Holdings  (OTCPK:KWHAF) 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.


K Wah International Holdings Debt-to-Equity Related Terms


K Wah International Holdings Debt-to-Equity Historical Data

* Premium members only.

The historical data trend for K Wah International 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.

K Wah International Holdings Debt-to-Equity Chart

K Wah International Holdings Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.43 0.34 0.36 0.36 0.34

K Wah International Holdings Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Debt-to-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.36 0.34 0.36 0.33 0.34

K Wah International Holdings Debt-to-Equity Competitor Comparison

For the Real Estate - Development subindustry, K Wah International 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.


K Wah International Holdings Debt-to-Equity vs Real Estate Industry

For the Real Estate industry and Real Estate sector, K Wah International Holdings's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where K Wah International Holdings's Debt-to-Equity falls into.


KWHAF
40GF Score
K Wah International Holdings Ltd KWHAF
Debt-to-Equity is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

K Wah International Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

K Wah International Holdings's Debt to Equity Ratio for the fiscal year that ended in Dec. 2025 is calculated as

K Wah International Holdings's Debt to Equity Ratio for the quarter that ended in Dec. 2025 is calculated as

* 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.

Frequently Asked Questions Learn more about Debt-to-Equity →
What does a Debt-to-Equity of 0.34 mean?
K Wah International Holdings (KWHAF) has a Debt-to-Equity of 0.34 as of Dec. 2025. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on K Wah International Holdings and its competitors. This is 21% below median its historical median of 0.43. Over the past decade, K Wah International Holdings' Debt-to-Equity has ranged from 0.34 to 0.58. According to the industry distribution chart, K Wah International Holdings ranks #454 out of 1545 companies in the Real Estate industry, placing it in the top 29.4%.
Is K Wah International Holdings' Debt-to-Equity too high?
K Wah International Holdings' current Debt-to-Equity of 0.34 is 21% below median its 10-year median of 0.43. Over the past 10 years, this metric has ranged from a low of 0.34 to a high of 0.58. The Real Estate industry median Debt-to-Equity is 0.75. K Wah International Holdings' value of 0.34 is 54.7% below this industry median. Based on the distribution chart, K Wah International Holdings ranks #454 out of 1545 companies in the Real Estate industry, which is above the industry midpoint. Overall, K Wah International Holdings has a GF Score™ of 40/100, reflecting its overall financial health beyond just this single metric.
How does K Wah International Holdings' Debt-to-Equity compare to competitors?
According to the Real Estate industry distribution chart, K Wah International Holdings ranks #454 out of 1545 companies for Debt-to-Equity. This puts K Wah International Holdings in the upper half of its industry. The industry median Debt-to-Equity is 0.75. K Wah International Holdings' value of 0.34 is 54.7% below this benchmark. Historically, K Wah International Holdings' own Debt-to-Equity has ranged from 0.34 to 0.58 over the past decade. While the company's 10-year median is 0.43 vs. the industry median of 0.75, K Wah International Holdings has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-Equity for a Real Estate company?
The median Debt-to-Equity among Real Estate companies is 0.75, based on 1,545 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. K Wah International Holdings's current Debt-to-Equity of 0.34 is 54.7% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on K Wah International Holdings and its competitors. For the Real Estate industry, the median Debt-to-Equity is 0.75 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. K Wah International Holdings's current Debt-to-Equity is 0.34, which is 21% below median its own 10-year median of 0.43. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is K Wah International Holdings stock overvalued right now?
K Wah International Holdings (KWHAF) has a current Debt-to-Equity of 0.34. The stock's GF Value™ is $0.06, compared to a current price of $0.24 — trading 299.7% above its estimated fair value. The current Debt-to-Equity is 0.34, which is 21% below median its 10-year median of 0.43 and 54.7% below the Real Estate industry median of 0.75. K Wah International Holdings' overall GF Score™ is 40/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For K Wah International Holdings (KWHAF), the current Debt-to-Equity is 0.34 as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is K Wah International Holdings (KWHAF) Overvalued in 2026?

Based on GuruFocus' analysis, K Wah International Holdings stock appears to be overvalued. The current stock price of $0.24 is trading 299.7% above its estimated GF Value™ of $0.06.

Key valuation signals for KWHAF:

  • Debt-to-Equity: 0.34 (21% below median its 10-year median of 0.43)
  • GF Value™: $0.06 vs. price of $0.24 (299.7% above fair value)
  • GF Score™: 40/100 with 8 warning signs
  • Industry Position: 54.7% below the Real Estate median (#454 of 1545)

No single metric tells the full story. See the KWHAF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


K Wah International Holdings Business Description

Other Exchanges 00173:Hong KongKW2:Germany
Address 191 Java Road, 29th Floor, K. Wah Centre, North Point, Hong Kong, HKG
K Wah International Holdings Ltd is engaged in property development and property investment in Hong Kong and the Mainland. It derives revenue through sales of properties, rental income, hotel operation income, interest income, and dividend income. The firm's reportable segments comprise Property Development, Property Investment, and Others, of which Property Development derives the majority of revenue. It operates in two geographical areas, namely Hong Kong and the Mainland, with the majority of the revenue being generated from the Mainland.
40GF Score

Get the complete analysis for KWHAF

Debt-to-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$0.24
Price
$0.06
GF Value