Hongchang International Co (Hongchang International Co) Debt-to-Equity : 0.15 (As of Mar. 2024)

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What is Hongchang International Co Debt-to-Equity?

Hongchang International Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $0.00 Mil. Hongchang International Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $5.95 Mil. Hongchang International Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was $39.58 Mil. Hongchang International Co's debt to equity for the quarter that ended in Mar. 2024 was 0.15.

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 Hongchang International Co's Debt-to-Equity or its related term are showing as below:

HCIL' s Debt-to-Equity Range Over the Past 10 Years
Min: -0.36 Med: -0.07 Max: 0.15
Current: 0.15

During the past 13 years, the highest Debt-to-Equity Ratio of Hongchang International Co was 0.15. The lowest was -0.36. And the median was -0.07.

HCIL's Debt-to-Equity is ranked better than
73.58% of 1643 companies
in the Consumer Packaged Goods industry
Industry Median: 0.41 vs HCIL: 0.15

Hongchang International Co Debt-to-Equity Historical Data

The historical data trend for Hongchang International Co'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.

Hongchang International Co Debt-to-Equity Chart

Hongchang International Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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-0.29

-0.10

-0.04

Hongchang International Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															-0.09	-0.07	-	-	0.15

Competitive Comparison of Hongchang International Co's Debt-to-Equity

For the Packaged Foods subindustry, Hongchang International Co'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.

Hongchang International Co's Debt-to-Equity Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Hongchang International Co's Debt-to-Equity distribution charts can be found below:

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

Hongchang International Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Hongchang International Co'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
	=	(0	+	0)	/	40.488
	=	0.00

Hongchang International Co's Debt to Equity Ratio for the quarter that ended in Mar. 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	+	5.954)	/	39.576
	=	0.15

Hongchang International Co (OTCPK:HCIL) 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.

Hongchang International Co Debt-to-Equity Related Terms

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

Hongchang International Co (Hongchang International Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Hongchang International Co Ltd (OTCPK:HCIL) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

BLOCK 19, HONGCHANG FOOD CO, YUANHONG INVESTMENT ZONE, CHENGTOU TOWN, FUJIAN PROVINCE, FUQING, CHN, 350300

Website

http://www.hcfrozen.com

Hongchang International Co Ltd is a company mainly exports frozen fruits and vegetables, aquatic products. we have our own factory and agricultural base to produce fresh fruits, and the contract factory to produce frozen fruits and vegetables. Their products are mainly supplied to the world supermarkets, as well as wholesale in the United States, Southeast Asia, the Middle East, Europe and other countries.

Executives

Ban Siong Ang	director, 10 percent owner	1986, PERMATANG BERANGAN,, TASEK GELUGOR, PENANG N8 13300
Xingjia Gao	director	ROOM 1007, XIANGYUN BUILDING, NO.1400, BAIYUN AV., NORTH GUANGZHOU F4 510440
Zengqiang Lin	director, 10 percent owner, officer: CEO, President	1008, BLOCK B, RONGSHANG BUILDING, FUQING CITY F4 350309
Zhenzhu Lin	director, 10 percent owner	1008, BLOCK B, RONGSHANG BUILDING, FUQING CITY F4 350309
Hung Seng Tan	director	38, LORONG SERI PETALING 1/1, TAMAN SERI PETALING, KULIM,KEDAM N8 09000
Daniel C Master	other: Former Pres, Direct, 10% owner	P O BOX 66, LA JOLLA CA 92038
Kwee Huwa Tan	director	NO 8-1F, JALAN GAMALAN INDAH 1, TAMAN GAMELAN INDAH, SINGAI BAKAP N8 14200
Wei Li	officer: Chief Financial Officer	4TH FLOOR, NO. 10 BLDG, XINGLIN BAY, BUSINESS OPERATION CENTER, JIMEI DISTR., XIAMEN F4 00000
Derald M Miller	director	230 WEST 400 SOUTH, 1ST FLOOR, SALT LAKE CITY UT 84101
K Lance Bell	director, officer: CEO, President	230 WEST 400 SOUTH 1ST FLOOR, SALT LAKE CITY UT 84101
Tanner J Purser	officer: Secretary	230 WEST 400 SOUTH, 1ST FLOOR, SALT LAKE CITY UT 84101
James C Roundy	director, officer: vice president	230 WEST 400 SOUTH 1ST FLOOR, SALK LAKE CITY UT 84101
Robert Brett Bell	officer: Secretary	180 SOUTH 300 WEST, SUITE 400, SALT LAKE CITY UT 84101
Allan E Oepping	other: Former director	180 SOUTH 300 WEST, SUITE 400, SALT LAKE CITY UT 84101
Benjamin A Black	other: Former director	180 SOUTH 300 WEST, SUITE 400, SALT LAKE CITY UT 84101

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