Elegance Optical International Holdings (HKSE:00907) Debt-to-Equity : 0.13 (As of Sep. 2023)

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What is Elegance Optical International Holdings Debt-to-Equity?

Elegance Optical International Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was HK$9.70 Mil. Elegance Optical International Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was HK$0.00 Mil. Elegance Optical International Holdings's Total Stockholders Equity for the quarter that ended in Sep. 2023 was HK$77.18 Mil. Elegance Optical International Holdings'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 Elegance Optical International Holdings's Debt-to-Equity or its related term are showing as below:

HKSE:00907' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.15 Max: 0.24
Current: 0.13

During the past 13 years, the highest Debt-to-Equity Ratio of Elegance Optical International Holdings was 0.24. The lowest was 0.00. And the median was 0.15.

HKSE:00907's Debt-to-Equity is ranked better than
63.55% of 705 companies
in the Medical Devices & Instruments industry
Industry Median: 0.21 vs HKSE:00907: 0.13

Elegance Optical International Holdings Debt-to-Equity Historical Data

The historical data trend for Elegance Optical 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.

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Elegance Optical International Holdings Debt-to-Equity Chart

Elegance Optical International Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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0.07

0.24

0.15

0.21

Elegance Optical International Holdings 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															0.21	0.21	0.13	-	0.13

Competitive Comparison of Elegance Optical International Holdings's Debt-to-Equity

For the Medical Instruments & Supplies subindustry, Elegance Optical 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.

Elegance Optical International Holdings's Debt-to-Equity Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Elegance Optical International Holdings's Debt-to-Equity distribution charts can be found below:

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

Elegance Optical International Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Elegance Optical International Holdings'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
	=	(0	+	0)	/	86.402
	=	0.00

Elegance Optical International Holdings'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
	=	(9.696	+	0)	/	77.183
	=	0.13

Elegance Optical International Holdings (HKSE:00907) 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.

Elegance Optical International Holdings Debt-to-Equity Related Terms

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Elegance Optical International Holdings (HKSE:00907) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Elegance Optical International Holdings Ltd (HKSE:00907) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

145 Hennessy Road, On Hong Commercial Building, Room 22, 22nd Floor, Wanchai, Hong Kong, HKG

Website

http://www.elegance-group.com

Elegance Optical International Holdings Ltd and its subsidiaries are the manufacturers and sellers of optical frames and sunglasses. Its operating segments include Manufacturing and trading engaged in the manufacture and trading of optical frames and sunglasses; the Property investment segment is involved in leasing properties for rental income; the Debts and securities investment segment engaged in investments in financial instruments and quoted shares; Film investment and distribution segment engaged in film right and movie distributions; and Energy business. It derives key revenue from the Manufacturing and trading segment. It operates in Europe, America, the PRC (including Hong Kong), and other countries.

Executives

Albert Yeung Capital Holdings Limited	2201 Interest of corporation controlled by you
Cdm Trust & Board Services Ag	2301 Trustee
Emperor Capital Group Limited	2201 Interest of corporation controlled by you
Emperor Securities Limited	2101 Beneficial owner
Luk Siu Man, Semon	2202 Interest of your spouse
Yeung Sau Shing, Albert	2307 Founder of a discretionary trust who can infl
Wong Chong Fai	2101 Beneficial owner
Kitchell Osman Bin	2101 Beneficial owner
Wong Hoi Fung	2101 Beneficial owner

Elegance Optical International Holdings (HKSE:00907) Headlines

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