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PGHL (Primega Group Holdings) Debt-to-Equity : 0.55 (As of Sep. 2024)


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What is Primega Group Holdings Debt-to-Equity?

Primega Group Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $1.29 Mil. Primega Group Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $2.59 Mil. Primega Group Holdings's Total Stockholders Equity for the quarter that ended in Sep. 2024 was $7.06 Mil. Primega Group Holdings's debt to equity for the quarter that ended in Sep. 2024 was 0.55.

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

PGHL' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.55   Med: 1.15   Max: 34
Current: 0.55

During the past 4 years, the highest Debt-to-Equity Ratio of Primega Group Holdings was 34.00. The lowest was 0.55. And the median was 1.15.

PGHL's Debt-to-Equity is ranked worse than
57.58% of 1551 companies
in the Construction industry
Industry Median: 0.43 vs PGHL: 0.55

Primega Group Holdings Debt-to-Equity Historical Data

The historical data trend for Primega 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.

Primega Group Holdings Debt-to-Equity Chart

Primega Group Holdings Annual Data
Trend Mar21 Mar22 Mar23 Mar24
Debt-to-Equity
34.00 1.15 1.33 1.06

Primega Group Holdings Semi-Annual Data
Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24
Debt-to-Equity Get a 7-Day Free Trial 1.34 1.33 1.01 1.06 0.55

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

For the Engineering & Construction subindustry, Primega 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.

Primega Group Holdings's Debt-to-Equity Distribution in the Construction Industry

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

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


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Primega Group Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Primega 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
=(1.387 + 3.148) / 4.29
=1.06

Primega 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
=(1.287 + 2.591) / 7.064
=0.55

* 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.

Primega Group Holdings  (NAS:PGHL) 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.

Primega Group Holdings Debt-to-Equity Related Terms

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

Primega Group Holdings Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Primega Group Holdings Ltd (NAS:PGHL) » Definitions » Debt-to-Equity
Comparable Companies
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Traded in Other Exchanges
N/A
Address
34 Tai Yau Street, Room 2912, 29 floor, New Tech Plaza, San Po Kong, Kowloon, Hong Kong, HKG
Website
https://www.primegagroup.com
Primega Group Holdings Ltd is engaged in transportation services. It operates in the Hong Kong construction industry, mainly handling the transportation of materials excavated from construction sites. Its services principally comprise (i) soil and rock transportation services; (ii) diesel oil trading; and (iii) construction works, which mainly include ELS works and bored piling. The company provide services as a subcontractor to other construction contractors in Hong Kong. Maximum revenue is generated from soil and rock transportation services.