Progressive Path Group Holdings (HKSE:01581) Debt-to-Equity : 0.85 (As of Sep. 2023)

View and export this data going back to 2016. Start your Free Trial

What is Progressive Path Group Holdings Debt-to-Equity?

Progressive Path Group Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was HK$141.1 Mil. Progressive Path Group Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was HK$59.6 Mil. Progressive Path Group Holdings's Total Stockholders Equity for the quarter that ended in Sep. 2023 was HK$237.4 Mil. Progressive Path Group Holdings's debt to equity for the quarter that ended in Sep. 2023 was 0.85.

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

HKSE:01581' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.48 Med: 0.66 Max: 1.12
Current: 0.85

During the past 10 years, the highest Debt-to-Equity Ratio of Progressive Path Group Holdings was 1.12. The lowest was 0.48. And the median was 0.66.

HKSE:01581's Debt-to-Equity is ranked worse than
70.47% of 928 companies
in the Business Services industry
Industry Median: 0.37 vs HKSE:01581: 0.85

Progressive Path Group Holdings Debt-to-Equity Historical Data

The historical data trend for Progressive Path 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.

* Premium members only.

Progressive Path Group Holdings Debt-to-Equity Chart

Progressive Path Group Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

Get a 7-Day Free Trial

0.51

0.53

0.60

0.89

0.91

Progressive Path Group Holdings Semi-Annual Data
	Mar14	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														0.73	0.89	0.74	0.91	0.85

Competitive Comparison of Progressive Path Group Holdings's Debt-to-Equity

For the Rental & Leasing Services subindustry, Progressive Path 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.

Progressive Path Group Holdings's Debt-to-Equity Distribution in the Business Services Industry

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

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

Progressive Path Group Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Progressive Path 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
	=	(146.328	+	66.674)	/	234.405
	=	0.91

Progressive Path 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
	=	(141.116	+	59.647)	/	237.428
	=	0.85

Progressive Path Group Holdings (HKSE:01581) 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.

Progressive Path Group Holdings Debt-to-Equity Related Terms

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

Progressive Path Group Holdings (HKSE:01581) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Progressive Path Group Holdings Ltd (HKSE:01581) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Number 22 Hoi Wing Road, Unit 1108, 11th Floor, Tuen Mun Central Square, Tuen Mun, New Territories, Hong Kong, HKG

Website

https://www.ppgh.com.hk

Progressive Path Group Holdings Ltd is engaged in construction engineering work and the provision of construction machinery rental services in Hong Kong. Its construction machinery rental services represent the rental of construction machines and construction vehicles to customers, and the provision of machine operators and transportation services as part of its one-stop construction machinery rental services. Its construction works represent the construction projects undertaken, the nature of which are broadly classified as foundation and site formation works, and builder's work and general building works. Its segments are Construction works and Construction Machinery Rental.

Progressive Path Group Holdings (HKSE:01581) Headlines

No Headlines