Ying Hai Group Holdings Co (HKSE:08668) Debt-to-Equity : 0.10 (As of Dec. 2023)

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What is Ying Hai Group Holdings Co Debt-to-Equity?

Ying Hai Group Holdings Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$1.10 Mil. Ying Hai Group Holdings Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$2.25 Mil. Ying Hai Group Holdings Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was HK$33.67 Mil. Ying Hai Group Holdings Co's debt to equity for the quarter that ended in Dec. 2023 was 0.10.

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 Ying Hai Group Holdings Co's Debt-to-Equity or its related term are showing as below:

HKSE:08668' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.02 Med: 0.15 Max: 0.21
Current: 0.1

During the past 7 years, the highest Debt-to-Equity Ratio of Ying Hai Group Holdings Co was 0.21. The lowest was 0.02. And the median was 0.15.

HKSE:08668's Debt-to-Equity is ranked better than
81.79% of 692 companies
in the Travel & Leisure industry
Industry Median: 0.46 vs HKSE:08668: 0.10

Ying Hai Group Holdings Co Debt-to-Equity Historical Data

The historical data trend for Ying Hai Group 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.

Ying Hai Group Holdings Co Debt-to-Equity Chart

Ying Hai Group Holdings Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.04

0.20

0.21

0.20

0.10

Ying Hai Group 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															0.20	N/A	0.13	N/A	0.10

Competitive Comparison of Ying Hai Group Holdings Co's Debt-to-Equity

For the Travel Services subindustry, Ying Hai Group 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.

Ying Hai Group Holdings Co's Debt-to-Equity Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Ying Hai Group Holdings Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Ying Hai Group Holdings Co's Debt-to-Equity falls into.

Ying Hai Group Holdings Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Ying Hai Group 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
	=	(1.103	+	2.254)	/	33.672
	=	0.10

Ying Hai Group 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
	=	(1.103	+	2.254)	/	33.672
	=	0.10

Ying Hai Group Holdings Co (HKSE:08668) 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.

Ying Hai Group Holdings Co Debt-to-Equity Related Terms

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Ying Hai Group Holdings Co (HKSE:08668) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Ying Hai Group Holdings Co Ltd (HKSE:08668) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

67 Mody Road, Room 506, 5th Floor, Peninsula Centre, Tsim Sha Tsui, Hong Kong, HKG

Website

http://www.yinghaiholding.com

Ying Hai Group Holdings Co Ltd is engaged in the sales and distribution of air tickets and hotel rooms, the sales and provision of ancillary travel-related products and services, the provision of car rental services in Macau, cross-border car rental services between Macau and Hong Kong and investment in concert. The firm's operating segments include the Travel business, Vehicle business, and Concert business. It generates a majority of its revenue from the Travel business segment. Geographically, the company generates a majority of its revenue from Macau.

Ying Hai Group Holdings Co (HKSE:08668) Headlines

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