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Ming Shing Group Holdings (Ming Shing Group Holdings) Degree of Financial Leverage : 0.00 (As of Sep. 2023)


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What is Ming Shing Group Holdings Degree of Financial Leverage?

Degree of Financial Leverage (DFL) measures the percentage change in EPS for a unit change in Earnings Before Interest and Taxes (EBIT). Ming Shing Group Holdings's Degree of Financial Leverage for the quarter that ended in Sep. 2023 was 0.00. The higher Degree of Financial Leverage, the more volatile earnings will be.

The industry rank for Ming Shing Group Holdings's Degree of Financial Leverage or its related term are showing as below:

MSW's Degree of Financial Leverage is not ranked *
in the Construction industry.
Industry Median: 1
* Ranked among companies with meaningful Degree of Financial Leverage only.

Ming Shing Group Holdings Degree of Financial Leverage Historical Data

The historical data trend for Ming Shing Group Holdings's Degree of Financial Leverage 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.

Ming Shing Group Holdings Degree of Financial Leverage Chart

Ming Shing Group Holdings Annual Data
Trend Mar21 Mar22 Mar23
Degree of Financial Leverage
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Ming Shing Group Holdings Semi-Annual Data
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Competitive Comparison of Ming Shing Group Holdings's Degree of Financial Leverage

For the Engineering & Construction subindustry, Ming Shing Group Holdings's Degree of Financial Leverage, along with its competitors' market caps and Degree of Financial Leverage 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.


Ming Shing Group Holdings's Degree of Financial Leverage Distribution in the Construction Industry

For the Construction industry and Industrials sector, Ming Shing Group Holdings's Degree of Financial Leverage distribution charts can be found below:

* The bar in red indicates where Ming Shing Group Holdings's Degree of Financial Leverage falls into.



Ming Shing Group Holdings Degree of Financial Leverage Calculation

Ming Shing Group Holdings's Degree of Financial Leverage for the quarter that ended in Sep. 2023 is calculated as:

Degree of Financial Leverage=% Change in Earnings per Share (Diluted)**/% Change in EBIT
=( 0.119 (Sep. 2023) / 0.23 (Sep. 2022) - 1 )/( 2.628 (Sep. 2023) / 3.756 (Sep. 2022) - 1 )
=-0.4826/-0.3003
=1.61***

* 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.

** TTM data of EPS and EBIT was used to calculate Degree of Financial Leverage.
*** Please be aware that the Degree of Financial Leverage calculations are based on company-level data using the primary share class. The calculated data provided is for demonstration purposes and may slightly differ from the results displayed in the title due to potential variations caused by currency exchange rate differences throughout the year.


Ming Shing Group Holdings  (NAS:MSW) Degree of Financial Leverage Explanation

Degree of Financial Leverage (DFL) is a leverage ratio that measures the sensitivity of a company’s Earnings per Share (EPS) to fluctuations in its operating income, also referred to as Earnings Before Interest and Taxes (EBIT), resulting from adjustments in its capital structure. DFL is an essential tool for companies to assess the appropriate level of debt or financial leverage in their capital structure. When EBIT remains relatively stable, it results in stable earnings and earnings per share. In such cases, the company may consider taking on substantial debt. However, for companies operating in industries with significant fluctuations in EBIT, it is advisable to keep debt at a manageable level.

The higher Degree of Financial Leverage, the more volatile earnings will be. Because interest is a fixed expense, leverage can amplify earnings and EPS. This is beneficial when EBIT is growing, but it can become problematic in tough economic conditions when EBIT is under pressure.

Be Aware

The use of financial leverage varies across different industries and business sectors, and the application of Degree of Financial Leverage (DFL) should be adjusted accordingly.


Ming Shing Group Holdings Degree of Financial Leverage Related Terms

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Ming Shing Group Holdings (Ming Shing Group Holdings) Business Description

Comparable Companies
Traded in Other Exchanges
N/A
Address
16 Tai Yau Street, 8th Floor, Cheong Tai Factory Building, San Po Kong, Kowloon, Hong Kong, HKG
Ming Shing Group Holdings Ltd is a holding company, which is primarily operated through its indirectly wholly-owned Hong Kong Operating Subsidiaries, MS (HK) Engineering Limited and MS Engineering Co., Limited. It is engaged in wet trades works, such as plastering works, tile laying works, brick laying works, floor screeding works and marble works. the company is mainly engaged in private-sector projects in Hong Kong. Its private sector projects mainly involve private residential developments and commercial developments. The project owners of its private sector projects are generally property developers, and its customers are generally main contractors and wet trades work subcontractors engaged under such projects.

Ming Shing Group Holdings (Ming Shing Group Holdings) Headlines

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