National United Resources Holdings (HKSE:00254) Debt-to-Equity : 2.50 (As of Dec. 2023)

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What is National United Resources Holdings Debt-to-Equity?

National United Resources Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$296.1 Mil. National United Resources Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$18.4 Mil. National United Resources Holdings's Total Stockholders Equity for the quarter that ended in Dec. 2023 was HK$125.8 Mil. National United Resources Holdings's debt to equity for the quarter that ended in Dec. 2023 was 2.50.

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 National United Resources Holdings's Debt-to-Equity or its related term are showing as below:

HKSE:00254' s Debt-to-Equity Range Over the Past 10 Years
Min: -1.5 Med: -1.09 Max: 2.7
Current: 2.5

During the past 13 years, the highest Debt-to-Equity Ratio of National United Resources Holdings was 2.70. The lowest was -1.50. And the median was -1.09.

HKSE:00254's Debt-to-Equity is ranked worse than
90.09% of 928 companies
in the Business Services industry
Industry Median: 0.37 vs HKSE:00254: 2.50

National United Resources Holdings Debt-to-Equity Historical Data

The historical data trend for National United Resources 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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National United Resources Holdings Debt-to-Equity Chart

National United Resources Holdings Annual Data

Trend

Jun11

Jun12

Jun13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Debt-to-Equity

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-1.50

-1.09

-1.11

-1.29

-1.35

National United Resources Holdings Semi-Annual Data
	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															-1.33	-1.32	1.52	2.70	2.50

Competitive Comparison of National United Resources Holdings's Debt-to-Equity

For the Rental & Leasing Services subindustry, National United Resources 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.

National United Resources Holdings's Debt-to-Equity Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, National United Resources Holdings's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where National United Resources Holdings's Debt-to-Equity falls into.

National United Resources Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

National United Resources Holdings's Debt to Equity Ratio for the fiscal year that ended in Dec. 2020 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
	=	(665.313	+	10.772)	/	-499.183
	=	-1.35

National United Resources 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
	=	(296.054	+	18.447)	/	125.813
	=	2.50

National United Resources Holdings (HKSE:00254) 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.

National United Resources Holdings Debt-to-Equity Related Terms

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

National United Resources Holdings (HKSE:00254) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » National United Resources Holdings Ltd (HKSE:00254) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

213 Queen's Road East, Unit 2806, 28th Floor, Wu Chung House, Wanchai, Hong Kong, HKG

Website

http://www.nur.com.hk

National United Resources Holdings Ltd is an investment holding company. The company is engaged in car rental and shuttle bus services business through the TMTC Group. The TMTC Group has 700 electric buses and fuel buses over vehicles in total with capacity of 5 to 59 seats. The car rental and shuttle bus services business serves with particular capacity requirements, type of vehicles, point to point services, contracted tailor-made services, routes/commute served with specified timetable to employees/students of institutional customers between the working places/schools to different residential communities; car rental without chauffeur; and car rental with chauffeur for trip on business, leisure and various government grand events purposes.

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