Major Holdings (HKSE:01389) Debt-to-Equity : 0.10 (As of Sep. 2023)

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What is Major Holdings Debt-to-Equity?

Major Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was HK$6.07 Mil. Major Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was HK$4.79 Mil. Major Holdings's Total Stockholders Equity for the quarter that ended in Sep. 2023 was HK$105.10 Mil. Major Holdings's debt to equity for the quarter that ended in Sep. 2023 was 0.10.

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

HKSE:01389' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.04 Med: 0.18 Max: 0.32
Current: 0.1

During the past 11 years, the highest Debt-to-Equity Ratio of Major Holdings was 0.32. The lowest was 0.04. And the median was 0.18.

HKSE:01389's Debt-to-Equity is ranked better than
75% of 180 companies
in the Beverages - Alcoholic industry
Industry Median: 0.4 vs HKSE:01389: 0.10

Major Holdings Debt-to-Equity Historical Data

The historical data trend for Major 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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Major Holdings Debt-to-Equity Chart

Major Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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0.18

0.29

0.15

0.19

0.11

Major 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															0.07	0.19	0.07	0.11	0.10

Competitive Comparison of Major Holdings's Debt-to-Equity

For the Beverages - Wineries & Distilleries subindustry, Major 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.

Major Holdings's Debt-to-Equity Distribution in the Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, Major Holdings's Debt-to-Equity distribution charts can be found below:

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

Major Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Major 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
	=	(7.337	+	4.794)	/	109.813
	=	0.11

Major 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
	=	(6.07	+	4.794)	/	105.102
	=	0.10

Major Holdings (HKSE:01389) 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.

Major Holdings Debt-to-Equity Related Terms

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

Major Holdings (HKSE:01389) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Major Holdings Ltd (HKSE:01389) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

30 Canton Road, Suite 1507, Tower 2, Silvercord, Tsim Sha Tsui, Kowloon, Hong Kong, HKG

Website

https://www.majorcellar.com

Major Holdings Ltd is an investment holding company. It is principally engaged in the distribution of wine and spirit products and wine accessory products in Hong Kong. Its products include Red wine, White wine, Sparkling wine, Spirits, Sake, Wine accessory products and other products. The group offers products through its retail showrooms, a network of distributors, retail organizations, five-star hotels, and private clubs. Its revenue are all derived from Hong Kong.

Executives

Silver Tycoon Limited	2101 Beneficial owner
Zhang Guangyuan	2101 Beneficial owner
Zhang Guozhong	2101 Beneficial owner
Cheung Chun To	2201 Interest of corporation controlled by you
Lin Shuk Shuen	2101 Beneficial owner
Zheng Huanming	2101 Beneficial owner
High State Investments Limited	2101 Beneficial owner
Leung Chi Kin Joseph	2201 Interest of corporation controlled by you
Ma Pui Ying	2202 Interest of your spouse
Lai Wai Kong	2101 Beneficial owner

Major Holdings (HKSE:01389) Headlines

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