Heatec Jietong Holdings (SGX:5OR) Debt-to-Equity : 0.55 (As of Jun. 2023)

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What is Heatec Jietong Holdings Debt-to-Equity?

Heatec Jietong Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was S$5.39 Mil. Heatec Jietong Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was S$2.00 Mil. Heatec Jietong Holdings's Total Stockholders Equity for the quarter that ended in Jun. 2023 was S$13.42 Mil. Heatec Jietong Holdings's debt to equity for the quarter that ended in Jun. 2023 was 0.55.

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 Heatec Jietong Holdings's Debt-to-Equity or its related term are showing as below:

SGX:5OR' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.22 Med: 0.49 Max: 0.92
Current: 0.55

During the past 13 years, the highest Debt-to-Equity Ratio of Heatec Jietong Holdings was 0.92. The lowest was 0.22. And the median was 0.49.

SGX:5OR's Debt-to-Equity is ranked worse than
56.3% of 826 companies
in the Oil & Gas industry
Industry Median: 0.45 vs SGX:5OR: 0.55

Heatec Jietong Holdings Debt-to-Equity Historical Data

The historical data trend for Heatec Jietong 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.

Heatec Jietong Holdings Debt-to-Equity Chart

Heatec Jietong Holdings Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Debt-to-Equity

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0.46

0.60

0.72

0.92

0.73

Heatec Jietong Holdings Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Debt-to-Equity	Get a 7-Day Free Trial															0.75	0.92	0.84	0.73	0.55

Competitive Comparison of Heatec Jietong Holdings's Debt-to-Equity

For the Oil & Gas Equipment & Services subindustry, Heatec Jietong 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.

Heatec Jietong Holdings's Debt-to-Equity Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Heatec Jietong Holdings's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Heatec Jietong Holdings's Debt-to-Equity falls into.

Heatec Jietong Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Heatec Jietong Holdings's Debt to Equity Ratio for the fiscal year that ended in Dec. 2022 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
	=	(5.597	+	2.219)	/	10.726
	=	0.73

Heatec Jietong Holdings's Debt to Equity Ratio for the quarter that ended in Jun. 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
	=	(5.386	+	1.995)	/	13.423
	=	0.55

Heatec Jietong Holdings (SGX:5OR) 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.

Heatec Jietong Holdings Debt-to-Equity Related Terms

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Heatec Jietong Holdings (SGX:5OR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Heatec Jietong Holdings Ltd (SGX:5OR) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 10 Tuas South Street 15, Singapore, SGP, 637076

Website

http://www.heatecholdings.com

Heatec Jietong Holdings Ltd is engaged in offering piping and heat exchanger services for the marine and oil and gas industries. The company's segments include Piping, Heat Exchangers, and Chemical cleaning. The Piping segment is engaged in the fabrication and installation of various types of piping. The Heat Exchanger segment, which derives the majority of revenue, engages in servicing and fabrication of heat exchangers. The Chemical cleaning segment is engaged in the provision of chemical cleaning services to ships and marine vessels. The Group's operations are carried out in Singapore.

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