Hong Lai Huat Group (SGX:CTO) Debt-to-Equity : 0.11 (As of Dec. 2023)

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What is Hong Lai Huat Group Debt-to-Equity?

Hong Lai Huat Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was S$4.75 Mil. Hong Lai Huat Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was S$7.17 Mil. Hong Lai Huat Group's Total Stockholders Equity for the quarter that ended in Dec. 2023 was S$110.45 Mil. Hong Lai Huat Group's debt to equity for the quarter that ended in Dec. 2023 was 0.11.

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 Hong Lai Huat Group's Debt-to-Equity or its related term are showing as below:

SGX:CTO' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.02 Med: 0.05 Max: 0.2
Current: 0.11

During the past 13 years, the highest Debt-to-Equity Ratio of Hong Lai Huat Group was 0.20. The lowest was 0.02. And the median was 0.05.

SGX:CTO's Debt-to-Equity is ranked better than
85.98% of 1584 companies
in the Real Estate industry
Industry Median: 0.76 vs SGX:CTO: 0.11

Hong Lai Huat Group Debt-to-Equity Historical Data

The historical data trend for Hong Lai Huat Group'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.

Hong Lai Huat Group Debt-to-Equity Chart

Hong Lai Huat Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.02

0.20

0.04

0.11

Hong Lai Huat Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															0.04	0.03	0.04	0.09	0.11

Competitive Comparison of Hong Lai Huat Group's Debt-to-Equity

For the Real Estate - Development subindustry, Hong Lai Huat Group'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.

Hong Lai Huat Group's Debt-to-Equity Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Hong Lai Huat Group's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Hong Lai Huat Group's Debt-to-Equity falls into.

Hong Lai Huat Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Hong Lai Huat Group's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 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
	=	(4.747	+	7.17)	/	110.446
	=	0.11

Hong Lai Huat Group's Debt to Equity Ratio for the quarter that ended in Dec. 2023 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
	=	(4.747	+	7.17)	/	110.446
	=	0.11

Hong Lai Huat Group (SGX:CTO) 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.

Hong Lai Huat Group Debt-to-Equity Related Terms

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Hong Lai Huat Group (SGX:CTO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Hong Lai Huat Group Ltd (SGX:CTO) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

10 Bukit Batok Crescent, No 13-05, The Spire Building, Singapore, SGP, 658079

Website

https://www.honglaihuatgroup.com

Hong Lai Huat Group Ltd is engaged in the agricultural development, cultivation, branding, and merchandising, distribution of cassava. It is also engaged in the development of commercial and residential properties. The company has three reportable segments: Agriculture division; Property development and Real estate division; and Others. The agriculture division carries on the business of agricultural development, cultivation, branding, merchandising, and distribution of cassava. The property development and real estate division, are carrying on the business of investment and prime development of commercial and residential properties. The company earns the majority of its revenue from the agriculture division.