Ares Asia (HKSE:00645) Debt-to-Equity : 0.03 (As of Sep. 2023)

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What is Ares Asia Debt-to-Equity?

Ares Asia's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was HK$1.9 Mil. Ares Asia's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was HK$0.0 Mil. Ares Asia's Total Stockholders Equity for the quarter that ended in Sep. 2023 was HK$60.0 Mil. Ares Asia's debt to equity for the quarter that ended in Sep. 2023 was 0.03.

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 Ares Asia's Debt-to-Equity or its related term are showing as below:

HKSE:00645' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.03 Med: 0.41 Max: 5.64
Current: 0.03

During the past 13 years, the highest Debt-to-Equity Ratio of Ares Asia was 5.64. The lowest was 0.03. And the median was 0.41.

HKSE:00645's Debt-to-Equity is ranked better than
85.83% of 127 companies
in the Other Energy Sources industry
Industry Median: 0.21 vs HKSE:00645: 0.03

Ares Asia Debt-to-Equity Historical Data

The historical data trend for Ares Asia'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.

Ares Asia Debt-to-Equity Chart

Ares Asia Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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0.41

0.26

2.80

0.06

0.04

Ares Asia Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial															0.06	0.06	0.05	0.04	0.03

Competitive Comparison of Ares Asia's Debt-to-Equity

For the Thermal Coal subindustry, Ares Asia'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.

Ares Asia's Debt-to-Equity Distribution in the Other Energy Sources Industry

For the Other Energy Sources industry and Energy sector, Ares Asia's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Ares Asia's Debt-to-Equity falls into.

Ares Asia Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Ares Asia's Debt to Equity Ratio for the fiscal year that ended in Mar. 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
	=	(2.276	+	0.4)	/	64.54
	=	0.04

Ares Asia's Debt to Equity Ratio for the quarter that ended in Sep. 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
	=	(1.894	+	0)	/	60.045
	=	0.03

Ares Asia (HKSE:00645) 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.

Ares Asia Debt-to-Equity Related Terms

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

Ares Asia (HKSE:00645) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » Ares Asia Ltd (HKSE:00645) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

1 Austin Road West, Unit No. 9608, Level 96, International Commerce Centre, Kowloon, Hong Kong, HKG

Website

http://www.aresasialtd.com

Ares Asia Ltd is an investment holding company. The group is principally engaged in the business of coal trading, entailing the selling of coal purchased from various countries to Mainland China and other commodities trading, which encompasses supply chain management and risk management service. Its business falls under the primary segment of Coal and other trading. Geographically, the group has a business presence in Mainland China, Hong Kong, and other countries, of which maximum revenue is derived from Mainland China.

Executives

Reignwood International Holdings Company Limited	2101 Beneficial owner
Ruayrungruang Chanchai	2201 Interest of corporation controlled by you

Ares Asia (HKSE:00645) Headlines

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