Reliance Global Holdings (HKSE:00723) Debt-to-Equity : 0.16 (As of Sep. 2023)

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What is Reliance Global Holdings Debt-to-Equity?

Reliance Global Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was HK$20.6 Mil. Reliance Global Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was HK$18.3 Mil. Reliance Global Holdings's Total Stockholders Equity for the quarter that ended in Sep. 2023 was HK$241.7 Mil. Reliance Global Holdings's debt to equity for the quarter that ended in Sep. 2023 was 0.16.

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

HKSE:00723' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.08 Med: 0.48 Max: 1.82
Current: 0.16

During the past 13 years, the highest Debt-to-Equity Ratio of Reliance Global Holdings was 1.82. The lowest was 0.08. And the median was 0.48.

HKSE:00723's Debt-to-Equity is ranked better than
72.83% of 265 companies
in the Forest Products industry
Industry Median: 0.49 vs HKSE:00723: 0.16

Reliance Global Holdings Debt-to-Equity Historical Data

The historical data trend for Reliance Global 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.

Reliance Global Holdings Debt-to-Equity Chart

Reliance Global Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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1.51

1.57

1.17

0.51

0.45

Reliance Global Holdings 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															1.20	0.51	0.82	0.45	0.16

Competitive Comparison of Reliance Global Holdings's Debt-to-Equity

For the Lumber & Wood Production subindustry, Reliance Global 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.

Reliance Global Holdings's Debt-to-Equity Distribution in the Forest Products Industry

For the Forest Products industry and Basic Materials sector, Reliance Global Holdings's Debt-to-Equity distribution charts can be found below:

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

Reliance Global Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Reliance Global Holdings'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
	=	(68.449	+	40.836)	/	245.797
	=	0.44

Reliance Global Holdings'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
	=	(20.595	+	18.334)	/	241.675
	=	0.16

Reliance Global Holdings (HKSE:00723) 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.

Reliance Global Holdings Debt-to-Equity Related Terms

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

Reliance Global Holdings (HKSE:00723) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Reliance Global Holdings Ltd (HKSE:00723) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

23 Harbour Road, Room 2401A, 24th Floor, Great Eagle Centre, Wanchai, Hong Kong, HKG

Website

https://www.relianceglobal.com.hk

Reliance Global Holdings Ltd is an investment holding company. It operates through four segments namely forest-related business comprising timber supply chain and sustainable forest management, money lending business, and leasing of properties. The company generates a majority of its revenue from the sale of timber and wooden products segment. Its geographical segments include China, Hong Kong, Asia, Europe, and South America, out of which the majority of the revenue derives from China.

Executives

Champion Alliance Enterprises Limited
Elite Prosperous Enterprises Limited
Wang Jingyu

Reliance Global Holdings (HKSE:00723) Headlines

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