Bortex Global (HKSE:08118) Debt-to-Equity : 0.22 (As of Oct. 2023)

View and export this data going back to 2017. Start your Free Trial

What is Bortex Global Debt-to-Equity?

Bortex Global's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Oct. 2023 was HK$11.46 Mil. Bortex Global's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Oct. 2023 was HK$10.19 Mil. Bortex Global's Total Stockholders Equity for the quarter that ended in Oct. 2023 was HK$99.70 Mil. Bortex Global's debt to equity for the quarter that ended in Oct. 2023 was 0.22.

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 Bortex Global's Debt-to-Equity or its related term are showing as below:

HKSE:08118' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.03 Med: 0.21 Max: 2.05
Current: 0.22

During the past 9 years, the highest Debt-to-Equity Ratio of Bortex Global was 2.05. The lowest was 0.03. And the median was 0.21.

HKSE:08118's Debt-to-Equity is ranked better than
63.42% of 380 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 0.325 vs HKSE:08118: 0.22

Bortex Global Debt-to-Equity Historical Data

The historical data trend for Bortex Global'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.

Bortex Global Debt-to-Equity Chart

Bortex Global Annual Data

Trend

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

Debt-to-Equity

Get a 7-Day Free Trial

0.06

0.21

0.23

0.20

0.16

Bortex Global Quarterly Data
	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23
Debt-to-Equity	Get a 7-Day Free Trial															0.19	N/A	0.16	N/A	0.22

Competitive Comparison of Bortex Global's Debt-to-Equity

For the Furnishings, Fixtures & Appliances subindustry, Bortex Global'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.

Bortex Global's Debt-to-Equity Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Bortex Global's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Bortex Global's Debt-to-Equity falls into.

Bortex Global Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Bortex Global's Debt to Equity Ratio for the fiscal year that ended in Apr. 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
	=	(12.161	+	3.062)	/	98.42
	=	0.15

Bortex Global's Debt to Equity Ratio for the quarter that ended in Oct. 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
	=	(11.459	+	10.185)	/	99.701
	=	0.22

Bortex Global (HKSE:08118) 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.

Bortex Global Debt-to-Equity Related Terms

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

Bortex Global (HKSE:08118) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Bortex Global Ltd (HKSE:08118) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

58 Hung To Road, Room 29, 8th floor, Career and Kenson Industrial Mansion, Kowloon, Kwun Tong, Hong Kong, HKG

Website

http://www.bortex.com.cn

Bortex Global Ltd is an investment holding company. Along with its subsidiaries, the company is engaged in the designing, trading, and manufacturing of Light Emitting Diode(LED) lighting products. Its LEDs are bifurcated into LED decorative lighting and LED luminaire lighting, out of which the majority of the revenue is generated from the LED decorative lighting. Its geographical segments include Canada, the United States, PRC, Hong Kong, and others.

Executives

Real Charm Corp
Chung Yu Chun
Shiu Kwok Leung

Bortex Global (HKSE:08118) Headlines

No Headlines