Megain Holding (Cayman) Co (HKSE:06939) Debt-to-Equity : 0.01 (As of Dec. 2023)

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What is Megain Holding (Cayman) Co Debt-to-Equity?

Megain Holding (Cayman) Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$1.5 Mil. Megain Holding (Cayman) Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$0.5 Mil. Megain Holding (Cayman) Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was HK$404.9 Mil. Megain Holding (Cayman) Co'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 Megain Holding (Cayman) Co's Debt-to-Equity or its related term are showing as below:

HKSE:06939' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.01 Max: 0.03
Current: 0.01

During the past 7 years, the highest Debt-to-Equity Ratio of Megain Holding (Cayman) Co was 0.03. The lowest was 0.01. And the median was 0.01.

HKSE:06939's Debt-to-Equity is ranked better than
99.95% of 2191 companies
in the Hardware industry
Industry Median: 0.29 vs HKSE:06939: 0.01

Megain Holding (Cayman) Co Debt-to-Equity Historical Data

The historical data trend for Megain Holding (Cayman) 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.

Megain Holding (Cayman) Co Debt-to-Equity Chart

Megain Holding (Cayman) Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.01

0.03

0.01

Megain Holding (Cayman) Co Semi-Annual Data
	Dec17	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial						0.03	0.02	0.01	0.01	0.01

Competitive Comparison of Megain Holding (Cayman) Co's Debt-to-Equity

For the Computer Hardware subindustry, Megain Holding (Cayman) 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.

Megain Holding (Cayman) Co's Debt-to-Equity Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Megain Holding (Cayman) Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Megain Holding (Cayman) Co's Debt-to-Equity falls into.

Megain Holding (Cayman) Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Megain Holding (Cayman) Co'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
	=	(1.543	+	0.511)	/	404.938
	=	0.01

Megain Holding (Cayman) Co'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
	=	(1.543	+	0.511)	/	404.938
	=	0.01

Megain Holding (Cayman) Co (HKSE:06939) 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.

Megain Holding (Cayman) Co Debt-to-Equity Related Terms

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Megain Holding (Cayman) Co (HKSE:06939) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Megain Holding (Cayman) Co Ltd (HKSE:06939) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 115 Huawei Road, Block A, Floor 3, Guangdong Province, Zhuhai, CHN, 519000

Website

https://www.megaincayman.com

Megain Holding (Cayman) Co Ltd is an investment holding company engaged in the provision of research, design, development, and sales of compatible cartridge chips based in China. The company's products are the core components of compatible cartridges, which are printer consumables designed and manufactured by third-party cartridge manufacturers and include ink cartridges for use in inkjet printers and toner cartridges for use in laser printers. Its product application includes Desktop laser printers, Desktop inkjet printers, and Commercial printers. The company derives a majority of its revenue from the People's Republic of China.

Executives

Cheng Hsien-wei	2201 Interest of corporation controlled by you
Global Megain Technology Pte. Ltd.	2101 Beneficial owner
Arista Global Ltd.	2103 Interests held jointly with another person
Lee Kuo-chang	2103 Interests held jointly with another person
Good Loyal Corporation	2101 Beneficial owner
Yu Yiding	2201 Interest of corporation controlled by you
Lam Tsz Leung	2101 Beneficial owner

Megain Holding (Cayman) Co (HKSE:06939) Headlines

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