Transport International Holdings (HKSE:00062) Debt-to-Equity : 0.28 (As of Dec. 2023)

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What is Transport International Holdings Debt-to-Equity?

Transport International Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$1,266 Mil. Transport International Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$3,379 Mil. Transport International Holdings's Total Stockholders Equity for the quarter that ended in Dec. 2023 was HK$16,406 Mil. Transport International Holdings's debt to equity for the quarter that ended in Dec. 2023 was 0.28.

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

HKSE:00062' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.08 Med: 0.25 Max: 0.35
Current: 0.28

During the past 13 years, the highest Debt-to-Equity Ratio of Transport International Holdings was 0.35. The lowest was 0.08. And the median was 0.25.

HKSE:00062's Debt-to-Equity is ranked better than
70.44% of 883 companies
in the Transportation industry
Industry Median: 0.56 vs HKSE:00062: 0.28

Transport International Holdings Debt-to-Equity Historical Data

The historical data trend for Transport International 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.

* Premium members only.

Transport International Holdings Debt-to-Equity Chart

Transport International Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.25

0.23

0.20

0.31

0.28

Transport International 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															0.20	0.31	0.31	0.31	0.28

Competitive Comparison of Transport International Holdings's Debt-to-Equity

For the Railroads subindustry, Transport International 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.

Transport International Holdings's Debt-to-Equity Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Transport International Holdings's Debt-to-Equity distribution charts can be found below:

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

Transport International Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Transport International Holdings'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
	=	(1265.664	+	3379.493)	/	16405.587
	=	0.28

Transport International Holdings'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
	=	(1265.664	+	3379.493)	/	16405.587
	=	0.28

Transport International Holdings (HKSE:00062) 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.

Transport International Holdings Debt-to-Equity Related Terms

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Transport International Holdings (HKSE:00062) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Transport International Holdings Ltd (HKSE:00062) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

KWO:Germany

Address

9 Po Lun Street, 15th Floor, Lai Chi Kok, Kowloon, Hong Kong, HKG

Website

http://www.tih.hk

Transport International Holdings Ltd is a public transportation company domiciled in the People's Republic of China. The company's main segments include franchised bus operation and property holdings and development. The franchised bus operation segment, which generates the vast majority of revenue, provides franchised public bus services in Hong Kong. The property holdings and development segment develops and leases nonresidential properties for use as investment properties.

Transport International Holdings (HKSE:00062) Headlines

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