Wing Lee Development Construction Holdings (HKSE:09639) Liabilities-to-Assets : 0.60 (As of Sep. 2024)

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What is Wing Lee Development Construction Holdings Liabilities-to-Assets?

Liabilities-to-Assets is a solvency ratio indicating how much of the company’s assets are made of liabilities, calculated as total liabilities divided by total asset. Wing Lee Development Construction Holdings's Total Liabilities for the quarter that ended in Sep. 2024 was HK$244.6 Mil. Wing Lee Development Construction Holdings's Total Assets for the quarter that ended in Sep. 2024 was HK$407.6 Mil. Therefore, Wing Lee Development Construction Holdings's Liabilities-to-Assets Ratio for the quarter that ended in Sep. 2024 was 0.60.

Wing Lee Development Construction Holdings Liabilities-to-Assets Historical Data

The historical data trend for Wing Lee Development Construction Holdings's Liabilities-to-Assets 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.

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Wing Lee Development Construction Holdings Liabilities-to-Assets Chart

Wing Lee Development Construction Holdings Annual Data

Trend

Mar22

Mar23

Mar24

Liabilities-to-Assets

0.71

0.54

0.58

Wing Lee Development Construction Holdings Semi-Annual Data
	Mar22	Mar23	Sep23	Mar24	Sep24
Liabilities-to-Assets	0.71	0.54	-	0.58	0.60

Competitive Comparison of Wing Lee Development Construction Holdings's Liabilities-to-Assets

For the Engineering & Construction subindustry, Wing Lee Development Construction Holdings's Liabilities-to-Assets, along with its competitors' market caps and Liabilities-to-Assets 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.

Wing Lee Development Construction Holdings's Liabilities-to-Assets Distribution in the Construction Industry

For the Construction industry and Industrials sector, Wing Lee Development Construction Holdings's Liabilities-to-Assets distribution charts can be found below:

* The bar in red indicates where Wing Lee Development Construction Holdings's Liabilities-to-Assets falls into.

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Wing Lee Development Construction Holdings Liabilities-to-Assets Calculation

Liabilities-to-Assets ratio measures the portion of the total liabilities to the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.

Liabilities-to-Assets ratio is calculated by dividing total liabilities by total asset.

Wing Lee Development Construction Holdings's Liabilities-to-Assets Ratio for the fiscal year that ended in Mar. 2024 is calculated as:

Liabilities-to-Assets (A: Mar. 2024 )	=	Total Liabilities	/	Total Assets
	=	210.385	/	365.777
	=	0.58

Wing Lee Development Construction Holdings's Liabilities-to-Assets Ratio for the quarter that ended in Sep. 2024 is calculated as

Liabilities-to-Assets (Q: Sep. 2024 )	=	Total Liabilities	/	Total Assets
	=	244.555	/	407.617
	=	0.60

Wing Lee Development Construction Holdings (HKSE:09639) Liabilities-to-Assets Explanation

Liabilities-to-Assets is a solvency ratio indicating how much of the company’s assets are made of liabilities. It can vary greatly across different industries, as they have different capital structure. A high Liabilities-to-Assets ratio (more leveraged) suggests that the company might have potential solvency problems, or even a signal of financial distress. Conversely, a low Liabilities-to-Assets ratio usually indicates a healthy financial situation. However, it may also suggest that the company is not expanding or not making good use of debt.

Wing Lee Development Construction Holdings Liabilities-to-Assets Related Terms

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Wing Lee Development Construction Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Wing Lee Development Construction Holdings Ltd (HKSE:09639) » Definitions » Liabilities-to-Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 3 Hoi Shing Road, Room A6, 16th Floor, TML Tower, Tsuen Wan, Hong Kong, HKG

Website

https://www.winglee.com.hk

Wing Lee Development Construction Holdings Ltd is an established contractor in Hong Kong engaged in civil and electrical cable engineering and solar PV system works. Its civil engineering works specialize in site formation works and road and drainage works, and its electrical cable engineering works specialize in cable trenching, laying and jointing works. For solar PV system works, the company specializes in the design, installation and maintenance works of solar PV systems. The majority of revenue is derived from civil engineering works.

Executives

Chan Lo Man	2201 Interest of corporation controlled by you
Chen Caiyun	2202 Interest of your spouse
Lam Yan Ki Maggie	2202 Interest of your spouse
Liu Ying	2202 Interest of your spouse
Rong Li Lv Se Fa Zhan You Xian Gong Si	2101 Beneficial owner
Yiu Wang Lee	2201 Interest of corporation controlled by you
Yiu Wang Lung	2201 Interest of corporation controlled by you

Wing Lee Development Construction Holdings Headlines

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