Abundante (SGX:570) Debt-to-Equity : 0.00 (As of Aug. 2024)

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What is Abundante Debt-to-Equity?

Abundante's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Aug. 2024 was S$0.00 Mil. Abundante's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Aug. 2024 was S$0.00 Mil. Abundante's Total Stockholders Equity for the quarter that ended in Aug. 2024 was S$18.55 Mil. Abundante's debt to equity for the quarter that ended in Aug. 2024 was 0.00.

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

During the past 13 years, the highest Debt-to-Equity Ratio of Abundante was 0.15. The lowest was 0.00. And the median was 0.02.

SGX:570's Debt-to-Equity is not ranked ^*
in the Business Services industry.
Industry Median: 0.36
* Ranked among companies with meaningful Debt-to-Equity only.

Abundante Debt-to-Equity Historical Data

The historical data trend for Abundante'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.

Abundante Debt-to-Equity Chart

Abundante Annual Data

Trend

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Debt-to-Equity

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Abundante Semi-Annual Data
	Feb15	Aug15	Feb16	Aug16	Feb17	Aug17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23	Feb24	Aug24
Debt-to-Equity	Get a 7-Day Free Trial															-	-	-	-	-

Competitive Comparison of Abundante's Debt-to-Equity

For the Rental & Leasing Services subindustry, Abundante'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.

Abundante's Debt-to-Equity Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Abundante's Debt-to-Equity distribution charts can be found below:

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

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Abundante Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Abundante's Debt to Equity Ratio for the fiscal year that ended in Feb. 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	+	0)	/	18.352
	=	0.00

Abundante's Debt to Equity Ratio for the quarter that ended in Aug. 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	+	0)	/	18.547
	=	0.00

Abundante (SGX:570) 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.

Abundante Debt-to-Equity Related Terms

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Abundante Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Abundante Ltd (SGX:570) » Definitions » Debt-to-Equity

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Traded in Other Exchanges

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Address

160 Paya Lebar Road, No. 07-09 Orion, Singapore, SGP, 409022

Website

https://www.tmcltd.com.sg

Abundante Ltd formerly Transit-Mixed Concrete Ltd is an investment holding company supplying ready-mixed concrete and the manufacture and sale of ready-mixed concrete. It operates through two business segments, The Concrete Pumping Services segment is involved in the rental of concrete pumping services, and the Waste Management segment is engaged in the provision of waste management services including sewer pipeline inspection with a video camera. It derives income through its concrete pumping services which account for its revenues through its operations in Singapore.

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