AP Rentals Holdings (HKSE:01496) Debt-to-Equity : 0.18 (As of Sep. 2023)

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What is AP Rentals Holdings Debt-to-Equity?

AP Rentals Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was HK$36.9 Mil. AP Rentals Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was HK$2.6 Mil. AP Rentals Holdings's Total Stockholders Equity for the quarter that ended in Sep. 2023 was HK$221.7 Mil. AP Rentals Holdings's debt to equity for the quarter that ended in Sep. 2023 was 0.18.

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

HKSE:01496' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.04 Med: 0.13 Max: 0.63
Current: 0.18

During the past 9 years, the highest Debt-to-Equity Ratio of AP Rentals Holdings was 0.63. The lowest was 0.04. And the median was 0.13.

HKSE:01496's Debt-to-Equity is ranked better than
67.13% of 928 companies
in the Business Services industry
Industry Median: 0.37 vs HKSE:01496: 0.18

AP Rentals Holdings Debt-to-Equity Historical Data

The historical data trend for AP Rentals 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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AP Rentals Holdings Debt-to-Equity Chart

AP Rentals Holdings Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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0.07

0.16

0.08

0.16

0.19

AP Rentals Holdings Semi-Annual Data
	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													0.12	0.16	0.13	0.19	0.18

Competitive Comparison of AP Rentals Holdings's Debt-to-Equity

For the Rental & Leasing Services subindustry, AP Rentals 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.

AP Rentals Holdings's Debt-to-Equity Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, AP Rentals Holdings's Debt-to-Equity distribution charts can be found below:

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

AP Rentals Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

AP Rentals 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
	=	(37.102	+	5.239)	/	224.158
	=	0.19

AP Rentals 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
	=	(36.863	+	2.566)	/	221.743
	=	0.18

AP Rentals Holdings (HKSE:01496) 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.

AP Rentals Holdings Debt-to-Equity Related Terms

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

AP Rentals Holdings (HKSE:01496) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » AP Rentals Holdings Ltd (HKSE:01496) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 75, Mody Road, Unit 806A, 8th Floor, Tower II, South Seas Centre, Kowloon, Hong Kong, HKG

Website

https://www.aprentalshk.com

AP Rentals Holdings Ltd operates as an equipment rental service company in Hong Kong. The company's operating segment includes Leasing and Trading. where the leasing segment is engaged in the leasing of machinery, lease-related operating service, repair and maintenance service, delivery service, and installation service, and the trading segment includes sales of machinery and parts. The company generates maximum revenue from the Leasing segment. Geographically, the company derives the majority of its revenue from Hong Kong and has a presence in Macau, PRC, and Singapore.

AP Rentals Holdings (HKSE:01496) Headlines

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