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Sino Golf Holdings (HKSE:00361) Debt-to-Equity : 0.52 (As of Dec. 2023)


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What is Sino Golf Holdings Debt-to-Equity?

Sino Golf Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$58.3 Mil. Sino Golf Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$58.9 Mil. Sino Golf Holdings's Total Stockholders Equity for the quarter that ended in Dec. 2023 was HK$227.5 Mil. Sino Golf Holdings's debt to equity for the quarter that ended in Dec. 2023 was 0.52.

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 Sino Golf Holdings's Debt-to-Equity or its related term are showing as below:

HKSE:00361' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.33   Med: 0.42   Max: 0.52
Current: 0.52

During the past 13 years, the highest Debt-to-Equity Ratio of Sino Golf Holdings was 0.52. The lowest was 0.33. And the median was 0.42.

HKSE:00361's Debt-to-Equity is ranked worse than
53.12% of 689 companies
in the Travel & Leisure industry
Industry Median: 0.46 vs HKSE:00361: 0.52

Sino Golf Holdings Debt-to-Equity Historical Data

The historical data trend for Sino Golf Holdings'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.

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Sino Golf Holdings Debt-to-Equity Chart

Sino Golf Holdings Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.45 0.38 0.47 0.49 0.52

Sino Golf Holdings 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.47 0.48 0.49 0.50 0.52

Competitive Comparison of Sino Golf Holdings's Debt-to-Equity

For the Leisure subindustry, Sino Golf Holdings'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.


Sino Golf Holdings's Debt-to-Equity Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Sino Golf Holdings's Debt-to-Equity distribution charts can be found below:

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



Sino Golf Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Sino Golf Holdings's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Sino Golf Holdings's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

* 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.


Sino Golf Holdings  (HKSE:00361) 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.


Sino Golf Holdings Debt-to-Equity Related Terms

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


Sino Golf Holdings (HKSE:00361) Business Description

Traded in Other Exchanges
N/A
Address
11 Hoi Shing Road, Room 4501, One Midtown, Tsuen Wan, Hong Kong, HKG
Sino Golf Holdings Ltd is an investment holding company. The principal activities of the group are manufacturing and trading golf equipment, golf bags, and accessories and the development of integrated resorts in the Commonwealth of the Northern Mariana Islands. The company's operating segments are Golf equipment which is involved in the Manufacture and sales of golf equipment and related components and parts; Golf bags which is involved in the manufacture and sales of golf bags, other accessories, and related components and parts; and Hospitality is involved in the development of the integrated resort in the CNMI. Geographically, the group has a business presence in North America, Japan, Europe, Asia, and Other countries.
Executives
So Kit Yee Anita 2501 Other
Lau Wun Man 2501 Other
Surplus Excel Limited 2101 Beneficial owner
Prominent Victory Limited 2201 Interest of corporation controlled by you
Wealth Sailor Limited 2101 Beneficial owner
Huang Youlong 2201 Interest of corporation controlled by you
Zhao Wei 2202 Interest of your spouse
China Huarong International Holdings Ltd 2201 Interest of corporation controlled by you
Wise Choice Ventures Limited 2106 Person having a security interest in shares
Zhong Guo Hua Rong Zi Chan Guan Li Gu Fen You Xian Gong Si 2201 Interest of corporation controlled by you

Sino Golf Holdings (HKSE:00361) Headlines

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