Tungtex (Holdings) Co (HKSE:00518) Debt-to-Equity : 0.13 (As of Sep. 2023)

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What is Tungtex (Holdings) Co Debt-to-Equity?

Tungtex (Holdings) Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was HK$50.4 Mil. Tungtex (Holdings) Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was HK$3.1 Mil. Tungtex (Holdings) Co's Total Stockholders Equity for the quarter that ended in Sep. 2023 was HK$399.4 Mil. Tungtex (Holdings) Co's debt to equity for the quarter that ended in Sep. 2023 was 0.13.

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 Tungtex (Holdings) Co's Debt-to-Equity or its related term are showing as below:

HKSE:00518' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.09 Med: 0.25 Max: 0.62
Current: 0.13

During the past 13 years, the highest Debt-to-Equity Ratio of Tungtex (Holdings) Co was 0.62. The lowest was 0.09. And the median was 0.25.

HKSE:00518's Debt-to-Equity is ranked better than
77.36% of 932 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.43 vs HKSE:00518: 0.13

Tungtex (Holdings) Co Debt-to-Equity Historical Data

The historical data trend for Tungtex (Holdings) Co'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.

Tungtex (Holdings) Co Debt-to-Equity Chart

Tungtex (Holdings) Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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0.41

0.59

0.25

0.15

Tungtex (Holdings) Co 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															0.22	0.25	0.23	0.15	0.13

Competitive Comparison of Tungtex (Holdings) Co's Debt-to-Equity

For the Apparel Manufacturing subindustry, Tungtex (Holdings) Co'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.

Tungtex (Holdings) Co's Debt-to-Equity Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Tungtex (Holdings) Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Tungtex (Holdings) Co's Debt-to-Equity falls into.

Tungtex (Holdings) Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Tungtex (Holdings) Co'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
	=	(58.731	+	4.842)	/	416.925
	=	0.15

Tungtex (Holdings) Co'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
	=	(50.443	+	3.079)	/	399.409
	=	0.13

Tungtex (Holdings) Co (HKSE:00518) 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.

Tungtex (Holdings) Co Debt-to-Equity Related Terms

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Tungtex (Holdings) Co (HKSE:00518) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Tungtex (Holdings) Co Ltd (HKSE:00518) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

TUGHF:USA

Address

No. 83 Hung To Road, Office A, 26th Floor, EGL Tower, Kwun Tong, Kowloon, Hong Kong, HKG

Website

http://www.tungtex.com

Tungtex (Holdings) Co Ltd is engaged in the business of manufacturing and sale of garments products. The operating segments of the group are North America, Asia, and Europe and others. Its customers are located in the PRC, the USA, Canada, European countries, and other countries, of which key revenue is generated from the USA. The company offers Silk-blended, Linen, Cotton, Synthetic items, and other products.

Executives

Webb David Michael	2201 Interest of corporation controlled by you
Preferable Situation Assets Limited	2101 Beneficial owner
Thomas Howel Gruffudd Rhys	2201 Interest of corporation controlled by you
Wykeham Capital Asia Value Fund	2101 Beneficial owner
Wykeham Capital Limited	2102 Investment manager
Corona Investments Limited	2101 Beneficial owner
Tung Wah Wing	2201 Interest of corporation controlled by you
Wong Fung Lin	2201 Interest of corporation controlled by you

Tungtex (Holdings) Co (HKSE:00518) Headlines

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