Mi Ming Mart Holdings (HKSE:08473) Debt-to-Equity : 0.09 (As of Sep. 2023)

View and export this data going back to 2018. Start your Free Trial

What is Mi Ming Mart Holdings Debt-to-Equity?

Mi Ming Mart Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was HK$8.3 Mil. Mi Ming Mart Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was HK$5.0 Mil. Mi Ming Mart Holdings's Total Stockholders Equity for the quarter that ended in Sep. 2023 was HK$146.6 Mil. Mi Ming Mart Holdings's debt to equity for the quarter that ended in Sep. 2023 was 0.09.

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

HKSE:08473' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.07 Med: 0.09 Max: 0.19
Current: 0.09

During the past 9 years, the highest Debt-to-Equity Ratio of Mi Ming Mart Holdings was 0.19. The lowest was 0.07. And the median was 0.09.

HKSE:08473's Debt-to-Equity is ranked better than
87.33% of 1002 companies
in the Retail - Cyclical industry
Industry Median: 0.63 vs HKSE:08473: 0.09

Mi Ming Mart Holdings Debt-to-Equity Historical Data

The historical data trend for Mi Ming Mart 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.

Mi Ming Mart Holdings Debt-to-Equity Chart

Mi Ming Mart Holdings Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

Get a 7-Day Free Trial

0.09

Mi Ming Mart 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															0.07	N/A	0.09	N/A	0.09

Competitive Comparison of Mi Ming Mart Holdings's Debt-to-Equity

For the Specialty Retail subindustry, Mi Ming Mart 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.

Mi Ming Mart Holdings's Debt-to-Equity Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Mi Ming Mart Holdings's Debt-to-Equity distribution charts can be found below:

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

Mi Ming Mart Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Mi Ming Mart 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
	=	(7.57	+	5.175)	/	144.917
	=	0.09

Mi Ming Mart 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
	=	(8.263	+	5.001)	/	146.571
	=	0.09

Mi Ming Mart Holdings (HKSE:08473) 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.

Mi Ming Mart Holdings Debt-to-Equity Related Terms

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

Mi Ming Mart Holdings (HKSE:08473) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Mi Ming Mart Holdings Ltd (HKSE:08473) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

18 Pennington Street, 16th Floor, Guangdong Tours Centre, Hong Kong, HKG

Website

https://www.mimingmart.com

Mi Ming Mart Holdings Ltd is an investment holding company. The company's only reporting segment is the marketing, selling, and distributing of a wide range of beauty and health products. It generates revenue from Skincare, Cosmetics, Food and health supplements, and Other products. Geographically, it derives revenue from Hong Kong. Most of its revenue gets derived from the sale of goods, provision of beauty services and consignment income..

Mi Ming Mart Holdings (HKSE:08473) Headlines

No Headlines