Ruixin International Holdings (HKSE:00724) Debt-to-Equity : -0.95 (As of Dec. 2023)

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What is Ruixin International Holdings Debt-to-Equity?

Ruixin International Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$13.84 Mil. Ruixin International Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$152.83 Mil. Ruixin International Holdings's Total Stockholders Equity for the quarter that ended in Dec. 2023 was HK$-175.85 Mil. Ruixin International Holdings's debt to equity for the quarter that ended in Dec. 2023 was -0.95.

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 Ruixin International Holdings's Debt-to-Equity or its related term are showing as below:

HKSE:00724' s Debt-to-Equity Range Over the Past 10 Years
Min: -3.11 Med: 2.34 Max: 55.92
Current: -0.95

During the past 13 years, the highest Debt-to-Equity Ratio of Ruixin International Holdings was 55.92. The lowest was -3.11. And the median was 2.34.

HKSE:00724's Debt-to-Equity is not ranked
in the Industrial Products industry.
Industry Median: 0.29 vs HKSE:00724: -0.95

Ruixin International Holdings Debt-to-Equity Historical Data

The historical data trend for Ruixin International Holdings'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.

Ruixin International Holdings Debt-to-Equity Chart

Ruixin International Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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19.99

-3.11

-1.75

-1.37

-0.95

Ruixin International Holdings Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															-1.75	-1.43	-1.37	-1.13	-0.95

Competitive Comparison of Ruixin International Holdings's Debt-to-Equity

For the Electrical Equipment & Parts subindustry, Ruixin International Holdings'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.

Ruixin International Holdings's Debt-to-Equity Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Ruixin International Holdings's Debt-to-Equity distribution charts can be found below:

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

Ruixin International Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Ruixin International Holdings's Debt to Equity Ratio for the fiscal year that ended in Dec. 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
	=	(13.835	+	152.829)	/	-175.849
	=	-0.95

Ruixin International Holdings's Debt to Equity Ratio for the quarter that ended in Dec. 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
	=	(13.835	+	152.829)	/	-175.849
	=	-0.95

Ruixin International Holdings (HKSE:00724) 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.

Ruixin International Holdings Debt-to-Equity Related Terms

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Ruixin International Holdings (HKSE:00724) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Ruixin International Holdings Ltd (HKSE:00724) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

133 Wan Chai Road, Room A, 10th Floor, Times Media Centre, Hong Kong, HKG

Website

https://www.irasia.com/listco/hk/ruixin

Ruixin International Holdings Ltd is engaged in the manufacturing and trading of electronic and electrical parts and components. In addition, it is also involved in the trading of radio-frequency identification tags and antennas. It operates businesses in countries like Hong Kong, China, Vietnam, and Canada.

Executives

Li Weimin

2101 Beneficial owner

Ruixin International Holdings (HKSE:00724) Headlines

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