Time Watch Investments (HKSE:02033) Debt-to-Equity : 0.01 (As of Dec. 2023)

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What is Time Watch Investments Debt-to-Equity?

Time Watch Investments's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$19.4 Mil. Time Watch Investments's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$9.1 Mil. Time Watch Investments's Total Stockholders Equity for the quarter that ended in Dec. 2023 was HK$2,320.9 Mil. Time Watch Investments's debt to equity for the quarter that ended in Dec. 2023 was 0.01.

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 Time Watch Investments's Debt-to-Equity or its related term are showing as below:

HKSE:02033' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.03 Max: 0.22
Current: 0.01

During the past 13 years, the highest Debt-to-Equity Ratio of Time Watch Investments was 0.22. The lowest was 0.01. And the median was 0.03.

HKSE:02033's Debt-to-Equity is ranked better than
99.89% of 934 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.44 vs HKSE:02033: 0.01

Time Watch Investments Debt-to-Equity Historical Data

The historical data trend for Time Watch Investments'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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Time Watch Investments Debt-to-Equity Chart

Time Watch Investments Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-Equity

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0.09

0.01

0.03

0.02

0.01

Time Watch Investments Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															0.01	0.02	0.02	0.01	0.01

Competitive Comparison of Time Watch Investments's Debt-to-Equity

For the Footwear & Accessories subindustry, Time Watch Investments'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.

Time Watch Investments's Debt-to-Equity Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Time Watch Investments's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Time Watch Investments's Debt-to-Equity falls into.

Time Watch Investments Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Time Watch Investments's Debt to Equity Ratio for the fiscal year that ended in Jun. 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
	=	(21.552	+	9.938)	/	2386.059
	=	0.01

Time Watch Investments'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
	=	(19.385	+	9.114)	/	2320.889
	=	0.01

Time Watch Investments (HKSE:02033) 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.

Time Watch Investments Debt-to-Equity Related Terms

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

Time Watch Investments (HKSE:02033) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Time Watch Investments Ltd (HKSE:02033) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

77 Wing Hong Street, 27th Floor, CEO Tower, Kowloon, Hong Kong, HKG

Website

http://www.timewatch.com.hk

Time Watch Investments Ltd is an investment holding company that operates as a manufacturer, brand-owner, and retailer of watches in the People's Republic of China (PRC). The company operates through following segments: Tian Wang Watch Business, Watch Movements Trading Business, and Other Brands (PRC) Business. The company generates maximum revenue from the Tian Wang Watch Business that involves manufacturing, the wholesale and retail business of owned brand watches, Tian Wang Watch. Its geographical segments include the PRC, which is the key revenue generator; and the Asia Pacific.

Time Watch Investments (HKSE:02033) Headlines

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