Tang Palace (China) Holdings (HKSE:01181) Debt-to-Equity : 0.95 (As of Dec. 2023)

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What is Tang Palace (China) Holdings Debt-to-Equity?

Tang Palace (China) Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$61 Mil. Tang Palace (China) Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$188 Mil. Tang Palace (China) Holdings's Total Stockholders Equity for the quarter that ended in Dec. 2023 was HK$262 Mil. Tang Palace (China) Holdings's debt to equity for the quarter that ended in Dec. 2023 was 0.95.

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 Tang Palace (China) Holdings's Debt-to-Equity or its related term are showing as below:

HKSE:01181' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.06 Med: 0.41 Max: 0.95
Current: 0.95

During the past 13 years, the highest Debt-to-Equity Ratio of Tang Palace (China) Holdings was 0.95. The lowest was 0.06. And the median was 0.41.

HKSE:01181's Debt-to-Equity is ranked worse than
50.83% of 303 companies
in the Restaurants industry
Industry Median: 0.94 vs HKSE:01181: 0.95

Tang Palace (China) Holdings Debt-to-Equity Historical Data

The historical data trend for Tang Palace (China) 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.

Tang Palace (China) Holdings Debt-to-Equity Chart

Tang Palace (China) Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.92

0.80

0.67

0.77

0.95

Tang Palace (China) Holdings 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															0.67	0.75	0.77	0.52	0.95

Competitive Comparison of Tang Palace (China) Holdings's Debt-to-Equity

For the Restaurants subindustry, Tang Palace (China) 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.

Tang Palace (China) Holdings's Debt-to-Equity Distribution in the Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, Tang Palace (China) Holdings's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Tang Palace (China) Holdings's Debt-to-Equity falls into.

Tang Palace (China) Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Tang Palace (China) Holdings'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
	=	(60.638	+	187.736)	/	262.052
	=	0.95

Tang Palace (China) 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
	=	(60.638	+	187.736)	/	262.052
	=	0.95

Tang Palace (China) Holdings (HKSE:01181) 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.

Tang Palace (China) Holdings Debt-to-Equity Related Terms

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Tang Palace (China) Holdings (HKSE:01181) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Tang Palace (China) Holdings Ltd (HKSE:01181) » Definitions » Debt-to-Equity

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Traded in Other Exchanges

TNGPF:USA

Address

No. 1 Science Museum Road, Unit 3, 10th Floor, Greenfield Tower, Concordia Plaza, Kowloon, HKG

Website

https://www.tanggong.cn

Tang Palace (China) Holdings Ltd is an investment holding company engaged in restaurant operations and food production. The primary production of the group is located in the People's Republic of China. It offers new dishes, seasonal foods, festive celebrations, basic sauce, food ingredient, and casual dining of different regional cuisines. The company has four operating segments - the Southern China region, the Eastern China region, the Northern China region, and the Western China region. Majority of its revenue is generated from the Eastern China segment. The company operates restaurants under the Soup Delice, Tang Palace, Tang's Cuisine, Tang Palace Seafood Restaurant, Canton Tea Room, Social Place, Pepper Lunch, and PappaRich, brands.

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