Hing Ming Holdings (HKSE:08425) Debt-to-Equity : 0.11 (As of Sep. 2023)

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What is Hing Ming Holdings Debt-to-Equity?

Hing Ming Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was HK$9.9 Mil. Hing Ming Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was HK$3.6 Mil. Hing Ming Holdings's Total Stockholders Equity for the quarter that ended in Sep. 2023 was HK$121.2 Mil. Hing Ming Holdings's debt to equity for the quarter that ended in Sep. 2023 was 0.11.

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

HKSE:08425' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.03 Med: 0.13 Max: 0.58
Current: 0.11

During the past 9 years, the highest Debt-to-Equity Ratio of Hing Ming Holdings was 0.58. The lowest was 0.03. And the median was 0.13.

HKSE:08425's Debt-to-Equity is ranked better than
77.26% of 928 companies
in the Business Services industry
Industry Median: 0.37 vs HKSE:08425: 0.11

Hing Ming Holdings Debt-to-Equity Historical Data

The historical data trend for Hing Ming 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.

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Hing Ming Holdings Debt-to-Equity Chart

Hing Ming Holdings Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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0.12

0.09

0.03

0.25

0.17

Hing Ming Holdings Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial															0.23	N/A	0.17	N/A	0.11

Competitive Comparison of Hing Ming Holdings's Debt-to-Equity

For the Rental & Leasing Services subindustry, Hing Ming 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.

Hing Ming Holdings's Debt-to-Equity Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Hing Ming Holdings's Debt-to-Equity distribution charts can be found below:

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

Hing Ming Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Hing Ming 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
	=	(13.848	+	5.648)	/	117.46
	=	0.17

Hing Ming 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
	=	(9.867	+	3.624)	/	121.197
	=	0.11

Hing Ming Holdings (HKSE:08425) 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.

Hing Ming Holdings Debt-to-Equity Related Terms

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Hing Ming Holdings (HKSE:08425) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Hing Ming Holdings Ltd (HKSE:08425) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

83-87 Nathan Road, Room A4, 2nd Floor, Tsim Sha Tsui Mansion, Kowloon, Hong Kong, HKG

Website

http://www.hing-ming.com

Hing Ming Holdings Ltd is engaged in the rental of temporary suspended working platforms and other equipment. It also provides trading of equipment and spare parts, such as permanently suspended working platforms, motors, and wire rope and the only operating segment of the Group is rental and related services and trading of equipment and spare parts.

Hing Ming Holdings (HKSE:08425) Headlines

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