Precious Dragon Technology Holdings (HKSE:01861) Debt-to-Equity : 0.12 (As of Dec. 2023)

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What is Precious Dragon Technology Holdings Debt-to-Equity?

Precious Dragon Technology Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$10.3 Mil. Precious Dragon Technology Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$25.2 Mil. Precious Dragon Technology Holdings's Total Stockholders Equity for the quarter that ended in Dec. 2023 was HK$308.4 Mil. Precious Dragon Technology Holdings's debt to equity for the quarter that ended in Dec. 2023 was 0.12.

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

HKSE:01861' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.17 Max: 0.49
Current: 0.12

During the past 8 years, the highest Debt-to-Equity Ratio of Precious Dragon Technology Holdings was 0.49. The lowest was 0.01. And the median was 0.17.

HKSE:01861's Debt-to-Equity is ranked better than
84.32% of 1001 companies
in the Retail - Cyclical industry
Industry Median: 0.62 vs HKSE:01861: 0.12

Precious Dragon Technology Holdings Debt-to-Equity Historical Data

The historical data trend for Precious Dragon Technology 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.

Precious Dragon Technology Holdings Debt-to-Equity Chart

Precious Dragon Technology Holdings Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.15

0.31

0.49

0.19

0.12

Precious Dragon Technology Holdings Semi-Annual Data
	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial									0.49	0.57	0.19	0.20	0.12

Competitive Comparison of Precious Dragon Technology Holdings's Debt-to-Equity

For the Specialty Retail subindustry, Precious Dragon Technology 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.

Precious Dragon Technology Holdings's Debt-to-Equity Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Precious Dragon Technology Holdings's Debt-to-Equity distribution charts can be found below:

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

Precious Dragon Technology Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Precious Dragon Technology 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
	=	(10.31	+	25.234)	/	308.371
	=	0.12

Precious Dragon Technology 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
	=	(10.31	+	25.234)	/	308.371
	=	0.12

Precious Dragon Technology Holdings (HKSE:01861) 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.

Precious Dragon Technology Holdings Debt-to-Equity Related Terms

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Precious Dragon Technology Holdings (HKSE:01861) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Precious Dragon Technology Holdings Ltd (HKSE:01861) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No 628, Jufeng North Road, Aotou Town, Conghua District, Guangdong Province, Guangzhou, CHN

Website

https://www.botny.com

Precious Dragon Technology Holdings Ltd is an investment holding company. The company operates in the segments of Automotive beauty and maintenance products; and Personal care products. The majority of its revenue comes from the Automotive segment, which includes products such as auto cleaning and maintenance products (auto interior decoration cleaning products, tire and wheel cleaning, and care products), paint and coating (chrome aerosol spray), winter and summer specials (refrigerant and cold cranking agent), and air-fresheners. The company products are in the form of both aerosol and non-aerosol products. Some of its brands are ATM, NISSEI, PARLUX, PISCIS, and ETOMAN. Its geographical segments are Mainland China, Japan, Asia, the Middle East, America, and Others.

Precious Dragon Technology Holdings (HKSE:01861) Headlines

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