Wing Chi Holdings (HKSE:06080) Debt-to-Equity : 0.13 (As of Sep. 2023)

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What is Wing Chi Holdings Debt-to-Equity?

Wing Chi Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was HK$9.8 Mil. Wing Chi Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was HK$7.5 Mil. Wing Chi Holdings's Total Stockholders Equity for the quarter that ended in Sep. 2023 was HK$129.2 Mil. Wing Chi Holdings's debt to equity for the quarter that ended in Sep. 2023 was 0.13.

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

HKSE:06080' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.03 Med: 0.07 Max: 0.57
Current: 0.13

During the past 9 years, the highest Debt-to-Equity Ratio of Wing Chi Holdings was 0.57. The lowest was 0.03. And the median was 0.07.

HKSE:06080's Debt-to-Equity is ranked better than
75.97% of 1519 companies
in the Construction industry
Industry Median: 0.44 vs HKSE:06080: 0.13

Wing Chi Holdings Debt-to-Equity Historical Data

The historical data trend for Wing Chi 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.

Wing Chi Holdings Debt-to-Equity Chart

Wing Chi Holdings Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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0.03

0.08

0.07

0.16

Wing Chi Holdings Semi-Annual Data
	Mar15	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												0.05	0.07	0.17	0.16	0.13

Competitive Comparison of Wing Chi Holdings's Debt-to-Equity

For the Engineering & Construction subindustry, Wing Chi 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.

Wing Chi Holdings's Debt-to-Equity Distribution in the Construction Industry

For the Construction industry and Industrials sector, Wing Chi Holdings's Debt-to-Equity distribution charts can be found below:

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

Wing Chi Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Wing Chi 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
	=	(9.499	+	10.871)	/	127.126
	=	0.16

Wing Chi 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
	=	(9.79	+	7.452)	/	129.228
	=	0.13

Wing Chi Holdings (HKSE:06080) 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.

Wing Chi Holdings Debt-to-Equity Related Terms

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

Wing Chi Holdings (HKSE:06080) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Wing Chi Holdings Ltd (HKSE:06080) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

9 Hoi Shing Road, Room 3010, 30th Floor, Cable TV Tower, Tsuen Wan, New Territories, Hong Kong, HKG

Website

http://www.wingchiholdings.com

Wing Chi Holdings Ltd is an Hong Kong-based investment holding company. Along with its subsidiaries, the corporation is principally engaged in the provision of foundation and site formation works and machinery leasing. All of the group's operations are located in Hong Kong.

Executives

Great Pride Global Limited
Yam Yuen Nina	2201 Interest of corporation controlled by you
Colourfield Global Limited	2101 Beneficial owner
Chau Man Chun	2202 Interest of your spouse
Li Cheuk Kam	2201 Interest of corporation controlled by you

Wing Chi Holdings (HKSE:06080) Headlines

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