Victory Securities (Holdings) Co (HKSE:08540) Debt-to-Equity : 0.59 (As of Dec. 2023)

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What is Victory Securities (Holdings) Co Debt-to-Equity?

Victory Securities (Holdings) Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$0.00 Mil. Victory Securities (Holdings) Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$96.20 Mil. Victory Securities (Holdings) Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was HK$163.01 Mil. Victory Securities (Holdings) Co's debt to equity for the quarter that ended in Dec. 2023 was 0.59.

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 Victory Securities (Holdings) Co's Debt-to-Equity or its related term are showing as below:

HKSE:08540' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.33 Med: 0.51 Max: 0.99
Current: 0.59

During the past 8 years, the highest Debt-to-Equity Ratio of Victory Securities (Holdings) Co was 0.99. The lowest was 0.33. And the median was 0.51.

HKSE:08540's Debt-to-Equity is ranked worse than
61.54% of 611 companies
in the Capital Markets industry
Industry Median: 0.36 vs HKSE:08540: 0.59

Victory Securities (Holdings) Co Debt-to-Equity Historical Data

The historical data trend for Victory Securities (Holdings) 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.

Victory Securities (Holdings) Co Debt-to-Equity Chart

Victory Securities (Holdings) Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.34

0.63

0.99

0.71

0.59

Victory Securities (Holdings) Co 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															0.71	N/A	0.57	N/A	0.59

Competitive Comparison of Victory Securities (Holdings) Co's Debt-to-Equity

For the Capital Markets subindustry, Victory Securities (Holdings) 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.

Victory Securities (Holdings) Co's Debt-to-Equity Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Victory Securities (Holdings) Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Victory Securities (Holdings) Co's Debt-to-Equity falls into.

Victory Securities (Holdings) Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Victory Securities (Holdings) 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
	=	(0	+	96.195)	/	163.005
	=	0.59

Victory Securities (Holdings) 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
	=	(0	+	96.195)	/	163.005
	=	0.59

Victory Securities (Holdings) Co (HKSE:08540) 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.

Victory Securities (Holdings) Co Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Victory Securities (Holdings) Co's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Victory Securities (Holdings) Co (HKSE:08540) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Victory Securities (Holdings) Co Ltd (HKSE:08540) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

3 Connaught Road West, Room 1101-3, 11th Floor, Yardley Commercial Building, Sheung Wan, Hong Kong, HKG

Website

https://www.victorysec.com.hk

Victory Securities (Holdings) Co Ltd is an investment holding company engaged in the businesses of securities futures insurance policies broking, placing and underwriting services and advising on securities services, financing services, asset management services, financial advisory services and investment consultancy services in Hong Kong.. The company has five operating segments: Securities/ futures broking services; Financing services; Asset management services; Insurance consultancy services and Financial advisory services. It generates maximum revenue from the Securities/ futures broking services segment. The Group operates in Hong Kong and its revenue is derived from its operations in Hong Kong.

Executives

Chui Fan	2101 Beneficial owner
Kou Kuen	2101 Beneficial owner
Dr. Tt Kou's Family Company Limited	2101 Beneficial owner
Chan Pui Chuen	2101 Beneficial owner
Chan Ying Kit	2202 Interest of your spouse
Kou Luen	2101 Beneficial owner

Victory Securities (Holdings) Co (HKSE:08540) Headlines

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