Eternity Investment (HKSE:00764) Debt-to-Equity : 0.56 (As of Dec. 2023)

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What is Eternity Investment Debt-to-Equity?

Eternity Investment's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$429.2 Mil. Eternity Investment's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$416.1 Mil. Eternity Investment's Total Stockholders Equity for the quarter that ended in Dec. 2023 was HK$1,507.2 Mil. Eternity Investment's debt to equity for the quarter that ended in Dec. 2023 was 0.56.

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

HKSE:00764' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.33 Max: 0.56
Current: 0.56

During the past 13 years, the highest Debt-to-Equity Ratio of Eternity Investment was 0.56. The lowest was 0.01. And the median was 0.33.

HKSE:00764's Debt-to-Equity is ranked better than
65.36% of 433 companies
in the Credit Services industry
Industry Median: 1.18 vs HKSE:00764: 0.56

Eternity Investment Debt-to-Equity Historical Data

The historical data trend for Eternity Investment'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.

Eternity Investment Debt-to-Equity Chart

Eternity Investment Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.38

0.40

0.43

0.53

0.56

Eternity Investment 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															0.43	0.47	0.53	0.55	0.56

Competitive Comparison of Eternity Investment's Debt-to-Equity

For the Credit Services subindustry, Eternity Investment'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.

Eternity Investment's Debt-to-Equity Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Eternity Investment's Debt-to-Equity distribution charts can be found below:

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

Eternity Investment Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Eternity Investment'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
	=	(429.175	+	416.128)	/	1507.246
	=	0.56

Eternity Investment'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
	=	(429.175	+	416.128)	/	1507.246
	=	0.56

Eternity Investment (HKSE:00764) 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.

Eternity Investment Debt-to-Equity Related Terms

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

Eternity Investment (HKSE:00764) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Eternity Investment Ltd (HKSE:00764) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

168-200 Connaught Road Central, Unit 1211, Shun Tak Centre, West Tower, Hong Kong, HKG

Website

http://www.eternityinv.com.hk

Eternity Investment Ltd is an investment holding company. The company along with its subsidiaries is engaged in the sale of jewelry products. It operates in four segments Property investment, Sale of financial assets, Moneylending, and Design and sale of jewelry products, and precious stones segment. It generates the highest revenue from the money lending business. The company has a global presence with the majority of the revenue generated from Hong Kong.

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