Green Leader Holdings Group (HKSE:00061) Debt-to-Equity : -0.17 (As of Dec. 2023)

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What is Green Leader Holdings Group Debt-to-Equity?

Green Leader Holdings Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$710 Mil. Green Leader Holdings Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$16 Mil. Green Leader Holdings Group's Total Stockholders Equity for the quarter that ended in Dec. 2023 was HK$-4,384 Mil. Green Leader Holdings Group's debt to equity for the quarter that ended in Dec. 2023 was -0.17.

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 Green Leader Holdings Group's Debt-to-Equity or its related term are showing as below:

HKSE:00061' s Debt-to-Equity Range Over the Past 10 Years
Min: -1.11 Med: -0.29 Max: -0.11
Current: -0.17

During the past 13 years, the highest Debt-to-Equity Ratio of Green Leader Holdings Group was -0.11. The lowest was -1.11. And the median was -0.29.

HKSE:00061's Debt-to-Equity is not ranked
in the Steel industry.
Industry Median: 0.415 vs HKSE:00061: -0.17

Green Leader Holdings Group Debt-to-Equity Historical Data

The historical data trend for Green Leader Holdings 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.

Green Leader Holdings Group Debt-to-Equity Chart

Green Leader Holdings Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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-0.29

-0.26

-0.30

-0.28

-0.17

Green Leader Holdings 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															-0.30	-0.35	-0.28	-0.21	-0.17

Competitive Comparison of Green Leader Holdings Group's Debt-to-Equity

For the Coking Coal subindustry, Green Leader Holdings 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.

Green Leader Holdings Group's Debt-to-Equity Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Green Leader Holdings Group's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Green Leader Holdings Group's Debt-to-Equity falls into.

Green Leader Holdings Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Green Leader Holdings 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
	=	(710.284	+	15.986)	/	-4384.113
	=	-0.17

Green Leader Holdings 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
	=	(710.284	+	15.986)	/	-4384.113
	=	-0.17

Green Leader Holdings Group (HKSE:00061) 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.

Green Leader Holdings Group Debt-to-Equity Related Terms

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

Green Leader Holdings Group (HKSE:00061) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Green Leader Holdings Group Ltd (HKSE:00061) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

88-98 Des Voeux Road Central, Unit A, 12th Floor, Central 88, Hong Kong, HKG

Website

https://www.greenleader.hk

Green Leader Holdings Group Ltd is an investment holding company. The company operates through four segments. The Mining Operation segment is engaged in geological survey, exploration, and development of coal deposits, as well as selling of coking coal. The Systems Integration Services and Software Solutions segment is engaged in the provision of information technology (IT) products, systems integration services, technology services, software development, and software solution services. The Cassava Starch Operation segment engages in the provision of cultivation and processing of cassava starch for sale. The Coal Operation segment is engaged in the provision of coal trading and logistics services. Geographically, it derives a majority of its revenue from China.

Green Leader Holdings Group (HKSE:00061) Headlines

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