Grand Ming Group Holdings (HKSE:01271) Debt-to-Equity : 1.98 (As of Sep. 2023)

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What is Grand Ming Group Holdings Debt-to-Equity?

Grand Ming Group Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was HK$1,149.2 Mil. Grand Ming Group Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was HK$4,437.4 Mil. Grand Ming Group Holdings's Total Stockholders Equity for the quarter that ended in Sep. 2023 was HK$2,823.7 Mil. Grand Ming Group Holdings's debt to equity for the quarter that ended in Sep. 2023 was 1.98.

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 Grand Ming Group Holdings's Debt-to-Equity or its related term are showing as below:

HKSE:01271' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.43 Med: 1.4 Max: 2.31
Current: 1.98

During the past 11 years, the highest Debt-to-Equity Ratio of Grand Ming Group Holdings was 2.31. The lowest was 0.43. And the median was 1.40.

HKSE:01271's Debt-to-Equity is ranked worse than
90.54% of 1512 companies
in the Construction industry
Industry Median: 0.44 vs HKSE:01271: 1.98

Grand Ming Group Holdings Debt-to-Equity Historical Data

The historical data trend for Grand Ming Group 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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Grand Ming Group Holdings Debt-to-Equity Chart

Grand Ming Group Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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1.41

1.77

1.62

2.31

1.55

Grand Ming Group 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															1.80	2.31	1.43	1.55	1.98

Competitive Comparison of Grand Ming Group Holdings's Debt-to-Equity

For the Engineering & Construction subindustry, Grand Ming Group 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.

Grand Ming Group Holdings's Debt-to-Equity Distribution in the Construction Industry

For the Construction industry and Industrials sector, Grand Ming Group Holdings's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Grand Ming Group Holdings's Debt-to-Equity falls into.

Grand Ming Group Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Grand Ming Group 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
	=	(770.948	+	3859.106)	/	2981.833
	=	1.55

Grand Ming Group 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
	=	(1149.195	+	4437.42)	/	2823.703
	=	1.98

Grand Ming Group Holdings (HKSE:01271) 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.

Grand Ming Group Holdings Debt-to-Equity Related Terms

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Grand Ming Group Holdings (HKSE:01271) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Grand Ming Group Holdings Ltd (HKSE:01271) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 39 Chatham Road South, 22nd Floor, Railway Plaza, Tsim Sha Tsui, Kowloon, Hong Kong, HKG

Website

https://www.grandming.com.hk

Grand Ming Group Holdings Ltd is an investment holding company. The segments in which the company operates include Construction is a key revenue driver, which includes contracts for residential buildings, commercial buildings, and data centers; Property leasing, which includes leasing of data centers; and Property development segment includes the development and sale of properties. All of its activities are carried out in Hong Kong.

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