LSH (Lakeside Holding) Debt-to-Equity : 1.43 (As of Sep. 2024)

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What is Lakeside Holding Debt-to-Equity?

Lakeside Holding's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $2.41 Mil. Lakeside Holding's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $2.77 Mil. Lakeside Holding's Total Stockholders Equity for the quarter that ended in Sep. 2024 was $3.62 Mil. Lakeside Holding's debt to equity for the quarter that ended in Sep. 2024 was 1.43.

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 Lakeside Holding's Debt-to-Equity or its related term are showing as below:

LSH' s Debt-to-Equity Range Over the Past 10 Years
Min: 1.43 Med: 5.65 Max: 37.1
Current: 1.43

During the past 3 years, the highest Debt-to-Equity Ratio of Lakeside Holding was 37.10. The lowest was 1.43. And the median was 5.65.

LSH's Debt-to-Equity is ranked worse than
82.16% of 880 companies
in the Transportation industry
Industry Median: 0.54 vs LSH: 1.43

Lakeside Holding Debt-to-Equity Historical Data

The historical data trend for Lakeside Holding'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.

Lakeside Holding Debt-to-Equity Chart

Lakeside Holding Annual Data

Trend

Jun22

Jun23

Jun24

Debt-to-Equity

37.10

3.73

7.24

Lakeside Holding Quarterly Data
	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Debt-to-Equity	Get a 7-Day Free Trial					7.03	5.65	4.45	7.24	1.43

Competitive Comparison of Lakeside Holding's Debt-to-Equity

For the Integrated Freight & Logistics subindustry, Lakeside Holding'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.

Lakeside Holding's Debt-to-Equity Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Lakeside Holding's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Lakeside Holding's Debt-to-Equity falls into.

Lakeside Holding Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Lakeside Holding's Debt to Equity Ratio for the fiscal year 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
	=	(1.971	+	2.66)	/	0.64
	=	7.24

Lakeside Holding'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
	=	(2.411	+	2.765)	/	3.618
	=	1.43

Lakeside Holding (NAS:LSH) 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.

Lakeside Holding Debt-to-Equity Related Terms

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Lakeside Holding Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Lakeside Holding Ltd (NAS:LSH) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

1475 Thorndale Avenue, Suite A, Itasca, IL, USA, 60143

Website

https://www.lakeside-holding.com

Lakeside Holding Ltd i an integrated cross-border supply chain solution provider with a strategic focus on the Asian market including China and South Korea. It provides customized cross-border ocean freight solutions and airfreight solutions in the U.S, including cross-border freight consolidation and forwarding services; customs clearance services; warehousing and distribution services and U.S. domestic ground transportation services.