WANG & LEE Group (WANG & LEE Group) Debt-to-Equity : 0.26 (As of Jun. 2023)

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What is WANG & LEE Group Debt-to-Equity?

WANG & LEE Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was $0.58 Mil. WANG & LEE Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was $0.64 Mil. WANG & LEE Group's Total Stockholders Equity for the quarter that ended in Jun. 2023 was $4.66 Mil. WANG & LEE Group's debt to equity for the quarter that ended in Jun. 2023 was 0.26.

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 WANG & LEE Group's Debt-to-Equity or its related term are showing as below:

WLGS' s Debt-to-Equity Range Over the Past 10 Years
Min: -0.91 Med: -0.62 Max: 0.26
Current: 0.33

During the past 4 years, the highest Debt-to-Equity Ratio of WANG & LEE Group was 0.26. The lowest was -0.91. And the median was -0.62.

WLGS's Debt-to-Equity is ranked better than
57.9% of 1513 companies
in the Construction industry
Industry Median: 0.44 vs WLGS: 0.33

WANG & LEE Group Debt-to-Equity Historical Data

The historical data trend for WANG & LEE Group'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.

WANG & LEE Group Debt-to-Equity Chart

WANG & LEE Group Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

-0.47

-0.91

-0.65

0.33

WANG & LEE Group Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial			-0.91	-0.62	-0.65	0.26	0.33

Competitive Comparison of WANG & LEE Group's Debt-to-Equity

For the Engineering & Construction subindustry, WANG & LEE Group'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.

WANG & LEE Group's Debt-to-Equity Distribution in the Construction Industry

For the Construction industry and Industrials sector, WANG & LEE Group's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where WANG & LEE Group's Debt-to-Equity falls into.

WANG & LEE Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

WANG & LEE Group'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
	=	(0.455	+	0.653)	/	-1.713
	=	-0.65

WANG & LEE Group'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
	=	(0.579	+	0.642)	/	4.659
	=	0.26

WANG & LEE Group (NAS:WLGS) 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.

WANG & LEE Group Debt-to-Equity Related Terms

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WANG & LEE Group (WANG & LEE Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » WANG & LEE Group Inc (NAS:WLGS) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

3 Tai Yip Street, 5th Floor, Wing Tai Factory Building, Kwun Tong, Kowloon, Hong Kong, HKG

Website

http://www.wangnlee.com.hk

WANG & LEE Group Inc operates as an investment holding company. The firm conducts its primary operations through its indirectly wholly owned subsidiary WANG and LEE CONTRACTING LIMITED (WLHK). WLHK provides contract engineering, installation, and out-fitting of the following products and services: low voltage (220v/phase 1 or 380v/phase 3) electrical systems, mechanical ventilation and air-conditioning systems (MVAC), fire safety systems, and water supply and sewage disposal systems.

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