Yik Wo International Holdings (HKSE:08659) Debt-to-Equity : 0.03 (As of Dec. 2023)

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What is Yik Wo International Holdings Debt-to-Equity?

Yik Wo International Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$2.4 Mil. Yik Wo International Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$4.6 Mil. Yik Wo International Holdings's Total Stockholders Equity for the quarter that ended in Dec. 2023 was HK$285.7 Mil. Yik Wo International Holdings's debt to equity for the quarter that ended in Dec. 2023 was 0.02.

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 Yik Wo International Holdings's Debt-to-Equity or its related term are showing as below:

HKSE:08659' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.03 Max: 0.06
Current: 0.03

During the past 7 years, the highest Debt-to-Equity Ratio of Yik Wo International Holdings was 0.06. The lowest was 0.01. And the median was 0.03.

HKSE:08659's Debt-to-Equity is ranked better than
93.88% of 343 companies
in the Packaging & Containers industry
Industry Median: 0.45 vs HKSE:08659: 0.03

Yik Wo International Holdings Debt-to-Equity Historical Data

The historical data trend for Yik Wo International 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.

Yik Wo International Holdings Debt-to-Equity Chart

Yik Wo International Holdings Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.06

0.03

0.02

0.01

0.03

Yik Wo International Holdings Quarterly Data
	Dec18	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															0.01	N/A	0.02	N/A	0.03

Competitive Comparison of Yik Wo International Holdings's Debt-to-Equity

For the Packaging & Containers subindustry, Yik Wo International 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.

Yik Wo International Holdings's Debt-to-Equity Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Yik Wo International Holdings's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Yik Wo International Holdings's Debt-to-Equity falls into.

Yik Wo International Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Yik Wo International Holdings'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
	=	(2.387	+	4.627)	/	285.672
	=	0.02

Yik Wo International Holdings'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
	=	(2.387	+	4.627)	/	285.672
	=	0.02

Yik Wo International Holdings (HKSE:08659) 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.

Yik Wo International Holdings Debt-to-Equity Related Terms

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Yik Wo International Holdings (HKSE:08659) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Yik Wo International Holdings Ltd (HKSE:08659) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Wukeng Industrial Zone, Longhu Town, Fujian Province, Jinjiang, CHN

Website

https://www.yikwo.cn

Yik Wo International Holdings Ltd is engaged in the design and development, manufacturing and sales of disposable plastic food storage containers. The company's plastic containers are processed by high temperature hot-melt plastic injection moulding method with polypropylene resin or other thermoplastic materials. In terms of application, disposable plastic food storage containers can be divided into lunch boxes, fresh and preserved fruit containers, semi-food containers and others. It sells its products under JAZZIT brand. Its regular products feature with only one compartment; and customised products can store various kinds of food and beverage with its multi-compartment disposable plastic food storage containers. The group derives prime revenue from the PRC.

Yik Wo International Holdings (HKSE:08659) Headlines

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