Paradise Entertainment (HKSE:01180) Debt-to-Equity : 1.04 (As of Dec. 2023)

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What is Paradise Entertainment Debt-to-Equity?

Paradise Entertainment's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$51.6 Mil. Paradise Entertainment's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$154.6 Mil. Paradise Entertainment's Total Stockholders Equity for the quarter that ended in Dec. 2023 was HK$197.7 Mil. Paradise Entertainment's debt to equity for the quarter that ended in Dec. 2023 was 1.04.

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 Paradise Entertainment's Debt-to-Equity or its related term are showing as below:

HKSE:01180' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.06 Med: 0.3 Max: 1.74
Current: 1.04

During the past 13 years, the highest Debt-to-Equity Ratio of Paradise Entertainment was 1.74. The lowest was 0.06. And the median was 0.30.

HKSE:01180's Debt-to-Equity is ranked worse than
70.09% of 692 companies
in the Travel & Leisure industry
Industry Median: 0.46 vs HKSE:01180: 1.04

Paradise Entertainment Debt-to-Equity Historical Data

The historical data trend for Paradise Entertainment'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.

Paradise Entertainment Debt-to-Equity Chart

Paradise Entertainment Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.30

0.42

0.54

1.74

1.04

Paradise Entertainment 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															0.54	0.90	1.74	1.99	1.04

Competitive Comparison of Paradise Entertainment's Debt-to-Equity

For the Resorts & Casinos subindustry, Paradise Entertainment'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.

Paradise Entertainment's Debt-to-Equity Distribution in the Travel & Leisure Industry

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

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

Paradise Entertainment Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Paradise Entertainment'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
	=	(51.596	+	154.557)	/	197.685
	=	1.04

Paradise Entertainment'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
	=	(51.596	+	154.557)	/	197.685
	=	1.04

Paradise Entertainment (HKSE:01180) 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.

Paradise Entertainment Debt-to-Equity Related Terms

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

Paradise Entertainment (HKSE:01180) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Paradise Entertainment Ltd (HKSE:01180) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

PDSSF:USA LIL3:Germany

Address

Unit C, 19th Floor, 30 Queen's Road Central, Entertainment Building, Hong Kong, HKG

Website

https://www.hk1180.com

Paradise Entertainment Ltd is an investment holding company. The company, through its subsidiaries, engages in the development, supply, and sales of electronic gaming systems and the provision of casino management services. The operating segment of the company is divided into two segments: Casino management services engaged in the provision of casino management services in Macau; and Gaming systems engaged in the development, sale and leasing of electronic gaming equipment and systems and royalty income. It generates the majority of its revenue from Casino Service.

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