Mexan (HKSE:00022) Debt-to-Equity : 0.32 (As of Sep. 2023)

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What is Mexan Debt-to-Equity?

Mexan's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was HK$50.8 Mil. Mexan's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was HK$75.7 Mil. Mexan's Total Stockholders Equity for the quarter that ended in Sep. 2023 was HK$392.8 Mil. Mexan's debt to equity for the quarter that ended in Sep. 2023 was 0.32.

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

HKSE:00022' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.03 Med: 0.13 Max: 0.43
Current: 0.32

During the past 13 years, the highest Debt-to-Equity Ratio of Mexan was 0.43. The lowest was 0.03. And the median was 0.13.

HKSE:00022's Debt-to-Equity is ranked better than
60.12% of 692 companies
in the Travel & Leisure industry
Industry Median: 0.46 vs HKSE:00022: 0.32

Mexan Debt-to-Equity Historical Data

The historical data trend for Mexan'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.

Mexan Debt-to-Equity Chart

Mexan Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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0.05

0.04

0.13

0.19

0.30

Mexan Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial															0.13	0.19	0.03	0.30	0.32

Competitive Comparison of Mexan's Debt-to-Equity

For the Lodging subindustry, Mexan'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.

Mexan's Debt-to-Equity Distribution in the Travel & Leisure Industry

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

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

Mexan Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Mexan's Debt to Equity Ratio for the fiscal year that ended in Mar. 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
	=	(42.646	+	76.496)	/	402.316
	=	0.30

Mexan's Debt to Equity Ratio for the quarter that ended in Sep. 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
	=	(50.823	+	75.704)	/	392.823
	=	0.32

Mexan (HKSE:00022) 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.

Mexan Debt-to-Equity Related Terms

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

Mexan (HKSE:00022) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Mexan Ltd (HKSE:00022) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1 Tsing Yi Road, 7th Floor, Winland 800 Hotel, Hotel 2, Rambler Crest, Tsing Yi, New Territories, Hong Kong, HKG

Website

http://www.mexanhk.com

Mexan Ltd is a Hong-Kong based company. It is involved in the lodging business sector. The principal activities of the group include property investment, hotel operation, and investment holding. The company has two reportable segments such as Hotel operation includes letting of hotel rooms to non-contracted sales agents and walk-in customers, food and beverage income, miscellaneous sales, and laundry services income net of discounts and Trading of building materials and fit-out construction service includes supply of furniture and building materials and provisions of the design and fit-out construction service. The firm generates its revenue from hotel operations. Geographically the company operates in Hong Kong.

Executives

Lun Yiu Kay Edwin
Winland Stock (bvi) Limited	2201 Interest of corporation controlled by you
Winland Wealth (bvi) Limited	2101 Beneficial owner

Mexan (HKSE:00022) Headlines

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