Asia Cassava Resources Holdings (HKSE:00841) Debt-to-Equity : 0.55 (As of Sep. 2023)

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What is Asia Cassava Resources Holdings Debt-to-Equity?

Asia Cassava Resources Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was HK$8 Mil. Asia Cassava Resources Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was HK$412 Mil. Asia Cassava Resources Holdings's Total Stockholders Equity for the quarter that ended in Sep. 2023 was HK$760 Mil. Asia Cassava Resources Holdings's debt to equity for the quarter that ended in Sep. 2023 was 0.55.

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

HKSE:00841' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.21 Med: 0.76 Max: 1.94
Current: 0.55

During the past 13 years, the highest Debt-to-Equity Ratio of Asia Cassava Resources Holdings was 1.94. The lowest was 0.21. And the median was 0.76.

HKSE:00841's Debt-to-Equity is ranked worse than
58.58% of 1644 companies
in the Consumer Packaged Goods industry
Industry Median: 0.405 vs HKSE:00841: 0.55

Asia Cassava Resources Holdings Debt-to-Equity Historical Data

The historical data trend for Asia Cassava 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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Asia Cassava Resources Holdings Debt-to-Equity Chart

Asia Cassava Resources Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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1.22

1.38

1.76

1.94

1.28

Asia Cassava Resources 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															0.95	1.94	1.00	1.28	0.55

Competitive Comparison of Asia Cassava Resources Holdings's Debt-to-Equity

For the Packaged Foods subindustry, Asia Cassava 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.

Asia Cassava Resources Holdings's Debt-to-Equity Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Asia Cassava Resources Holdings's Debt-to-Equity distribution charts can be found below:

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

Asia Cassava Resources Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Asia Cassava Resources 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
	=	(549.289	+	412)	/	751.679
	=	1.28

Asia Cassava Resources 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
	=	(8	+	412)	/	760.455
	=	0.55

Asia Cassava Resources Holdings (HKSE:00841) 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.

Asia Cassava Resources Holdings Debt-to-Equity Related Terms

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Asia Cassava Resources Holdings (HKSE:00841) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Asia Cassava Resources Holdings Ltd (HKSE:00841) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

63 Mody Road, Unit 612-613, 6th Floor, Houston Centre, Tsim Sha Tsui East, Kowloon, Hong Kong, HKG

Website

http://www.asiacassava.com

Asia Cassava Resources Holdings Ltd is an investment holding company, which engages in the trade of dried cassava chips. It operates through the following segments: Procurement and Sale of Dried Cassava Chips; Property Investment; and Hotel Operations. The Procurement and Sale of Dried Cassava Chips segment which generates majority revenue offer procurement and sale of dried cassava chips. The Property Investment segment invests in office space and industrial properties for its rental income potential. The Hotel Operations segment involves in hotel operations in the People's Republic of China. The company operates in four geographical markets Hong Kong, Mainland China, Laos and Thailand out of which Mainland China acts as a major revenue contributor.

Asia Cassava Resources Holdings (HKSE:00841) Headlines

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