Sincere Watch (Hong Kong) (HKSE:00444) Debt-to-Equity : 2.17 (As of Sep. 2023)

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What is Sincere Watch (Hong Kong) Debt-to-Equity?

Sincere Watch (Hong Kong)'s Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was HK$48.0 Mil. Sincere Watch (Hong Kong)'s Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was HK$330.8 Mil. Sincere Watch (Hong Kong)'s Total Stockholders Equity for the quarter that ended in Sep. 2023 was HK$174.4 Mil. Sincere Watch (Hong Kong)'s debt to equity for the quarter that ended in Sep. 2023 was 2.17.

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 Sincere Watch (Hong Kong)'s Debt-to-Equity or its related term are showing as below:

HKSE:00444' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.13 Med: 0.48 Max: 2.17
Current: 2.17

During the past 13 years, the highest Debt-to-Equity Ratio of Sincere Watch (Hong Kong) was 2.17. The lowest was 0.13. And the median was 0.48.

HKSE:00444's Debt-to-Equity is ranked worse than
87.23% of 1002 companies
in the Retail - Cyclical industry
Industry Median: 0.62 vs HKSE:00444: 2.17

Sincere Watch (Hong Kong) Debt-to-Equity Historical Data

The historical data trend for Sincere Watch (Hong Kong)'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.

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Sincere Watch (Hong Kong) Debt-to-Equity Chart

Sincere Watch (Hong Kong) Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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0.14

0.29

0.48

0.67

1.54

Sincere Watch (Hong Kong) 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															0.56	0.67	0.69	1.54	2.17

Competitive Comparison of Sincere Watch (Hong Kong)'s Debt-to-Equity

For the Luxury Goods subindustry, Sincere Watch (Hong Kong)'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.

Sincere Watch (Hong Kong)'s Debt-to-Equity Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Sincere Watch (Hong Kong)'s Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Sincere Watch (Hong Kong)'s Debt-to-Equity falls into.

Sincere Watch (Hong Kong) Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Sincere Watch (Hong Kong)'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
	=	(106.694	+	264.508)	/	241.835
	=	1.53

Sincere Watch (Hong Kong)'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
	=	(48.002	+	330.816)	/	174.357
	=	2.17

Sincere Watch (Hong Kong) (HKSE:00444) 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.

Sincere Watch (Hong Kong) Debt-to-Equity Related Terms

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Sincere Watch (Hong Kong) (HKSE:00444) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Sincere Watch (Hong Kong) Ltd (HKSE:00444) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

20/F China Merchants Tower, Shun Tak Centre, Unit 2016–2018, 168–200 Connaught Road Central, Hong Kong, HKG

Website

http://www.sincerewatch.com.hk

Sincere Watch (Hong Kong) Ltd sells luxury third-party-branded watches, timepieces, and accessories in Asia. The majority of its sales are in Mainland China and Macau, with the remaining sales in Hong Kong. Brands that Sincere sells include Franck Muller, CVSTOS, Pierre Kunz, European Company Watch, and Backes & Strauss. The company sells merchandise through retail outlets operated by independent watch dealers and through its company-operated boutiques. Sincere also has a dining business that accounts for a small amount of total revenue.

Sincere Watch (Hong Kong) (HKSE:00444) Headlines

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