Sino-Life Group (HKSE:08296) Debt-to-Equity : 0.30 (As of Dec. 2023)

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What is Sino-Life Group Debt-to-Equity?

Sino-Life Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$7.30 Mil. Sino-Life Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$33.64 Mil. Sino-Life Group's Total Stockholders Equity for the quarter that ended in Dec. 2023 was HK$135.32 Mil. Sino-Life Group's debt to equity for the quarter that ended in Dec. 2023 was 0.30.

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 Sino-Life Group's Debt-to-Equity or its related term are showing as below:

HKSE:08296' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.05 Med: 0.17 Max: 0.34
Current: 0.3

During the past 13 years, the highest Debt-to-Equity Ratio of Sino-Life Group was 0.34. The lowest was 0.05. And the median was 0.17.

HKSE:08296's Debt-to-Equity is ranked better than
73.86% of 88 companies
in the Personal Services industry
Industry Median: 0.735 vs HKSE:08296: 0.30

Sino-Life Group Debt-to-Equity Historical Data

The historical data trend for Sino-Life Group'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.

Sino-Life Group Debt-to-Equity Chart

Sino-Life Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.34

0.33

0.29

0.25

0.30

Sino-Life Group Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															0.25	N/A	0.23	N/A	0.30

Competitive Comparison of Sino-Life Group's Debt-to-Equity

For the Personal Services subindustry, Sino-Life Group'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.

Sino-Life Group's Debt-to-Equity Distribution in the Personal Services Industry

For the Personal Services industry and Consumer Cyclical sector, Sino-Life Group's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Sino-Life Group's Debt-to-Equity falls into.

Sino-Life Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Sino-Life Group'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
	=	(7.3	+	33.64)	/	135.32
	=	0.30

Sino-Life Group'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
	=	(7.3	+	33.64)	/	135.32
	=	0.30

Sino-Life Group (HKSE:08296) 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.

Sino-Life Group Debt-to-Equity Related Terms

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Sino-Life Group (HKSE:08296) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Personal Services » Sino-Life Group Ltd (HKSE:08296) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

77 Wing Lok Street, 18th Floor, Ovest, Sheung Wan, Hong Kong, HKG

Website

https://www.sinolifegroup.com//index_en.asp

Sino-Life Group Ltd offers funeral services. It is primarily engaged in the provision of funeral and related services, the sale of burial plots and provision of cemetery maintenance services. The company operates in the segments of Funeral services, Elderly care services, and Stem cells and immunocytes business. It derives prime revenue from the Funeral services segment. Geographically, the group has a business presence in the PRC, Taiwan, Hong Kong, and Vietnam, of which a majority of revenue is generated from the PRC.

Sino-Life Group (HKSE:08296) Headlines

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