Renaissance United (SGX:I11) Debt-to-Equity : 0.76 (As of Jan. 2024)

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What is Renaissance United Debt-to-Equity?

Renaissance United's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was S$14.42 Mil. Renaissance United's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was S$13.25 Mil. Renaissance United's Total Stockholders Equity for the quarter that ended in Jan. 2024 was S$36.50 Mil. Renaissance United's debt to equity for the quarter that ended in Jan. 2024 was 0.76.

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 Renaissance United's Debt-to-Equity or its related term are showing as below:

SGX:I11' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.19 Med: 0.31 Max: 0.76
Current: 0.76

During the past 13 years, the highest Debt-to-Equity Ratio of Renaissance United was 0.76. The lowest was 0.19. And the median was 0.31.

SGX:I11's Debt-to-Equity is ranked better than
54.47% of 481 companies
in the Utilities - Regulated industry
Industry Median: 0.88 vs SGX:I11: 0.76

Renaissance United Debt-to-Equity Historical Data

The historical data trend for Renaissance United'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.

Renaissance United Debt-to-Equity Chart

Renaissance United Annual Data

Trend

Apr14

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

Debt-to-Equity

Get a 7-Day Free Trial

0.35

0.45

0.40

0.48

0.58

Renaissance United Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Debt-to-Equity	Get a 7-Day Free Trial															0.49	0.58	0.61	0.61	0.76

Competitive Comparison of Renaissance United's Debt-to-Equity

For the Utilities - Regulated Gas subindustry, Renaissance United'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.

Renaissance United's Debt-to-Equity Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Renaissance United's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Renaissance United's Debt-to-Equity falls into.

Renaissance United Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Renaissance United's Debt to Equity Ratio for the fiscal year that ended in Apr. 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
	=	(10.751	+	11.732)	/	38.952
	=	0.58

Renaissance United's Debt to Equity Ratio for the quarter that ended in Jan. 2024 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
	=	(14.423	+	13.252)	/	36.499
	=	0.76

Renaissance United (SGX:I11) 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.

Renaissance United Debt-to-Equity Related Terms

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Renaissance United (SGX:I11) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Renaissance United Ltd (SGX:I11) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

16 Kallang Place, Number 05-10/18, Kallang Basin Industrial Estate, Singapore, SGP, 339156

Website

https://www.ren-united.com

Renaissance United Ltd operates in five segments: Infrastructure development and turnkey construction; Property development; Gas distribution, Electronics and trading and Investment securities trading. It geographically operates in Singapore, the People's Republic of China, the USA, Taiwan, and Others. It derives a majority of its revenue from Gas distribution. Geographically the company derives the majority of its revenue from the People's Republic of China.

Renaissance United (SGX:I11) Headlines

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