Magnificent Hotel Investments (HKSE:00201) Debt-to-Equity : 0.08 (As of Dec. 2023)

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What is Magnificent Hotel Investments Debt-to-Equity?

Magnificent Hotel Investments's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$98.2 Mil. Magnificent Hotel Investments's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$232.1 Mil. Magnificent Hotel Investments's Total Stockholders Equity for the quarter that ended in Dec. 2023 was HK$4,212.7 Mil. Magnificent Hotel Investments's debt to equity for the quarter that ended in Dec. 2023 was 0.08.

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 Magnificent Hotel Investments's Debt-to-Equity or its related term are showing as below:

HKSE:00201' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.06 Med: 0.1 Max: 0.18
Current: 0.08

During the past 13 years, the highest Debt-to-Equity Ratio of Magnificent Hotel Investments was 0.18. The lowest was 0.06. And the median was 0.10.

HKSE:00201's Debt-to-Equity is ranked better than
83.67% of 692 companies
in the Travel & Leisure industry
Industry Median: 0.46 vs HKSE:00201: 0.08

Magnificent Hotel Investments Debt-to-Equity Historical Data

The historical data trend for Magnificent Hotel Investments'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.

Magnificent Hotel Investments Debt-to-Equity Chart

Magnificent Hotel Investments Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.10

0.09

0.08

0.06

0.08

Magnificent Hotel Investments 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															0.08	0.11	0.06	0.06	0.08

Competitive Comparison of Magnificent Hotel Investments's Debt-to-Equity

For the Lodging subindustry, Magnificent Hotel Investments'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.

Magnificent Hotel Investments's Debt-to-Equity Distribution in the Travel & Leisure Industry

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

* The bar in red indicates where Magnificent Hotel Investments's Debt-to-Equity falls into.

Magnificent Hotel Investments Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Magnificent Hotel Investments'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
	=	(98.248	+	232.05)	/	4212.749
	=	0.08

Magnificent Hotel Investments'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
	=	(98.248	+	232.05)	/	4212.749
	=	0.08

Magnificent Hotel Investments (HKSE:00201) 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.

Magnificent Hotel Investments Debt-to-Equity Related Terms

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

Magnificent Hotel Investments (HKSE:00201) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Magnificent Hotel Investments Ltd (HKSE:00201) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

24-30 Ice House Street, 3rd Floor, Shun Ho Tower, Central, Hong Kong, HKG

Website

http://www.magnificenthotelinv.com

Magnificent Hotel Investments Ltd is an investment holding company. The firm manages its business into three segments, namely Hospitality services, Property investment, and Securities investment. It operates the Ramada Hotel, Best Western Plus Hotel, Best Western Hotel, Magnificent International Hotel, Best Western Causeway Bay, and Grand City Hotel. It derives the majority of its revenue from the Hospitality services segment. Its geographical segments are Hong Kong, China, and the United States.

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