Hiap Seng Industries (SGX:1L2) Debt-to-Equity : 0.04 (As of Mar. 2024)

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What is Hiap Seng Industries Debt-to-Equity?

Hiap Seng Industries's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was S$0.79 Mil. Hiap Seng Industries's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was S$0.00 Mil. Hiap Seng Industries's Total Stockholders Equity for the quarter that ended in Mar. 2024 was S$19.73 Mil. Hiap Seng Industries's debt to equity for the quarter that ended in Mar. 2024 was 0.04.

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 Hiap Seng Industries's Debt-to-Equity or its related term are showing as below:

SGX:1L2' s Debt-to-Equity Range Over the Past 10 Years
Min: -1.89 Med: 0.06 Max: 4.16
Current: 0.04

During the past 13 years, the highest Debt-to-Equity Ratio of Hiap Seng Industries was 4.16. The lowest was -1.89. And the median was 0.06.

SGX:1L2's Debt-to-Equity is ranked better than
90.64% of 1549 companies
in the Construction industry
Industry Median: 0.44 vs SGX:1L2: 0.04

Hiap Seng Industries Debt-to-Equity Historical Data

The historical data trend for Hiap Seng Industries'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.

Hiap Seng Industries Debt-to-Equity Chart

Hiap Seng Industries Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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-1.89

-1.29

-0.97

-0.91

0.04

Hiap Seng Industries Quarterly Data
	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															-0.97	-1.09	-0.91	-0.90	0.04

Competitive Comparison of Hiap Seng Industries's Debt-to-Equity

For the Engineering & Construction subindustry, Hiap Seng Industries'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.

Hiap Seng Industries's Debt-to-Equity Distribution in the Construction Industry

For the Construction industry and Industrials sector, Hiap Seng Industries's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Hiap Seng Industries's Debt-to-Equity falls into.

Hiap Seng Industries Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Hiap Seng Industries'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
	=	(0.791	+	0)	/	19.73
	=	0.04

Hiap Seng Industries's Debt to Equity Ratio for the quarter 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
	=	(0.791	+	0)	/	19.73
	=	0.04

Hiap Seng Industries (SGX:1L2) 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.

Hiap Seng Industries Debt-to-Equity Related Terms

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

Hiap Seng Industries Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Hiap Seng Industries Ltd (SGX:1L2) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

28 Tuas Crescent, Singapore, SGP, 638719

Website

https://www.hiapseng.com

Hiap Seng Engineering Ltd is engaged in the provision of building construction, engineering, procurement, construction and plant maintenance services for oil and gas and energy sectors. Majority revenue is generated from Plant construction and maintenance. Plant construction and maintenance includes oil-and-gas, chemical & utility plant maintenance, mechanical construction of oil-and gas plants, oil storage terminals & pharmaceutical plants. Geographically, the revenue is generated from Singapore.

Hiap Seng Industries Headlines

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