Wong Fong Industries (SGX:1A1) Debt-to-Equity : 0.25 (As of Dec. 2023)

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What is Wong Fong Industries Debt-to-Equity?

Wong Fong Industries's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was S$2.25 Mil. Wong Fong Industries's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was S$11.45 Mil. Wong Fong Industries's Total Stockholders Equity for the quarter that ended in Dec. 2023 was S$55.20 Mil. Wong Fong Industries's debt to equity for the quarter that ended in Dec. 2023 was 0.25.

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 Wong Fong Industries's Debt-to-Equity or its related term are showing as below:

SGX:1A1' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.08 Med: 0.21 Max: 0.32
Current: 0.25

During the past 11 years, the highest Debt-to-Equity Ratio of Wong Fong Industries was 0.32. The lowest was 0.08. And the median was 0.21.

SGX:1A1's Debt-to-Equity is ranked better than
63.98% of 186 companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 0.42 vs SGX:1A1: 0.25

Wong Fong Industries Debt-to-Equity Historical Data

The historical data trend for Wong Fong Industries'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.

Wong Fong Industries Debt-to-Equity Chart

Wong Fong Industries Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.24

0.26

0.23

0.32

0.25

Wong Fong Industries Semi-Annual Data
	Dec13	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															0.23	0.35	0.32	0.32	0.25

Competitive Comparison of Wong Fong Industries's Debt-to-Equity

For the Farm & Heavy Construction Machinery subindustry, Wong Fong Industries'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.

Wong Fong Industries's Debt-to-Equity Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Wong Fong Industries's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Wong Fong Industries's Debt-to-Equity falls into.

Wong Fong Industries Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Wong Fong Industries'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
	=	(2.254	+	11.447)	/	55.204
	=	0.25

Wong Fong Industries'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
	=	(2.254	+	11.447)	/	55.204
	=	0.25

Wong Fong Industries (SGX:1A1) 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.

Wong Fong Industries Debt-to-Equity Related Terms

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

Wong Fong Industries (SGX:1A1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Wong Fong Industries Ltd (SGX:1A1) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

79 Joo Koon Circle, Singapore, SGP, 629107

Website

https://www.wongfongindustries.com

Wong Fong Industries Ltd is a provider of land transport engineering solutions and systems for the logistics, construction, waste management and defense industries. The group's operating segments are Engineering and Training. It generates revenue through the sale of cranes and other truck-mounted equipment including customization, engineering and installation of products and solutions for sale.

Wong Fong Industries (SGX:1A1) Headlines

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