Tam Jai International Co (HKSE:02217) Debt-to-Equity : 0.60 (As of Sep. 2023)

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What is Tam Jai International Co Debt-to-Equity?

Tam Jai International Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was HK$388 Mil. Tam Jai International Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was HK$493 Mil. Tam Jai International Co's Total Stockholders Equity for the quarter that ended in Sep. 2023 was HK$1,482 Mil. Tam Jai International Co's debt to equity for the quarter that ended in Sep. 2023 was 0.60.

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 Tam Jai International Co's Debt-to-Equity or its related term are showing as below:

HKSE:02217' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.46 Med: 0.83 Max: 1.46
Current: 0.6

During the past 5 years, the highest Debt-to-Equity Ratio of Tam Jai International Co was 1.46. The lowest was 0.46. And the median was 0.83.

HKSE:02217's Debt-to-Equity is ranked better than
67% of 303 companies
in the Restaurants industry
Industry Median: 0.94 vs HKSE:02217: 0.60

Tam Jai International Co Debt-to-Equity Historical Data

The historical data trend for Tam Jai International Co'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.

Tam Jai International Co Debt-to-Equity Chart

Tam Jai International Co Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

1.25

1.36

1.07

0.46

0.51

Tam Jai International Co Semi-Annual Data
	Mar19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial				1.46	0.46	0.54	0.51	0.60

Competitive Comparison of Tam Jai International Co's Debt-to-Equity

For the Restaurants subindustry, Tam Jai International Co'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.

Tam Jai International Co's Debt-to-Equity Distribution in the Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, Tam Jai International Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Tam Jai International Co's Debt-to-Equity falls into.

Tam Jai International Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Tam Jai International Co'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
	=	(351.59	+	436.212)	/	1541.848
	=	0.51

Tam Jai International Co'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
	=	(388.17	+	493.472)	/	1481.535
	=	0.60

Tam Jai International Co (HKSE:02217) 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.

Tam Jai International Co Debt-to-Equity Related Terms

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Tam Jai International Co (HKSE:02217) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Tam Jai International Co Ltd (HKSE:02217) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

29S:Germany

Address

No. 9 Cheung Yee Street, 8th Floor of D2 Place ONE, Cheung Sha Wan, Kowloon, Hong Kong, HKG

Website

https://www.tamjai-intl.com

Tam Jai International Co Ltd is a chain restaurant operator for fast casual restaurant chains, with operations in Mainland China and Singapore. It generates maximum revenue from Hong Kong.

Tam Jai International Co (HKSE:02217) Headlines

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