New Sparkle Roll International Group (HKSE:00970) Debt-to-Equity : 0.58 (As of Sep. 2023)

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What is New Sparkle Roll International Group Debt-to-Equity?

New Sparkle Roll International Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was HK$767 Mil. New Sparkle Roll International Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was HK$432 Mil. New Sparkle Roll International Group's Total Stockholders Equity for the quarter that ended in Sep. 2023 was HK$2,069 Mil. New Sparkle Roll International Group's debt to equity for the quarter that ended in Sep. 2023 was 0.58.

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 New Sparkle Roll International Group's Debt-to-Equity or its related term are showing as below:

HKSE:00970' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.19 Med: 0.41 Max: 1.03
Current: 0.58

During the past 13 years, the highest Debt-to-Equity Ratio of New Sparkle Roll International Group was 1.03. The lowest was 0.19. And the median was 0.41.

HKSE:00970's Debt-to-Equity is ranked worse than
57.46% of 1173 companies
in the Vehicles & Parts industry
Industry Median: 0.47 vs HKSE:00970: 0.58

New Sparkle Roll International Group Debt-to-Equity Historical Data

The historical data trend for New Sparkle Roll International Group'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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New Sparkle Roll International Group Debt-to-Equity Chart

New Sparkle Roll International Group Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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0.37

0.57

0.32

0.57

0.62

New Sparkle Roll International Group 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															0.35	0.57	0.60	0.62	0.58

Competitive Comparison of New Sparkle Roll International Group's Debt-to-Equity

For the Auto & Truck Dealerships subindustry, New Sparkle Roll International Group'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.

New Sparkle Roll International Group's Debt-to-Equity Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, New Sparkle Roll International Group's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where New Sparkle Roll International Group's Debt-to-Equity falls into.

New Sparkle Roll International Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

New Sparkle Roll International Group'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
	=	(760.234	+	591.264)	/	2199.224
	=	0.61

New Sparkle Roll International Group'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
	=	(766.65	+	431.631)	/	2068.847
	=	0.58

New Sparkle Roll International Group (HKSE:00970) 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.

New Sparkle Roll International Group Debt-to-Equity Related Terms

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New Sparkle Roll International Group (HKSE:00970) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » New Sparkle Roll International Group Ltd (HKSE:00970) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

60 Gloucester Road, 23rd Floor, China Huarong Tower, Wanchai, Hong Kong, HKG

Website

http://www.hk970.com

New Sparkle Roll International Group Ltd is an investment holding company. The operating segments of the company include Auto dealerships; Non-auto dealerships; Property management and Others. The company generates maximum revenue from the Auto dealership segment which includes the distribution of branded automobiles, namely Bentley, Lamborghini, and Rolls-Royce, and the provision of related after-sales services. Geographically, the company derives majority of its revenue from Mainland China and Hong Kong and has a presence in Malaysia.

Executives

Qiu Peiyuan	2401 A concert party to an agreement to buy shares
Pro Honor Investment Limited	2401 A concert party to an agreement to buy shares
Qiu Peiyuan	2401 A concert party to an agreement to buy shares
Sze Ching Lau	2101 Beneficial owner
Lam Chi Kin	2401 A concert party to an agreement to buy shares
Tsui Chun Mei	2202 Interest of your spouse
Cha Jung Hoon	2401 A concert party to an agreement to buy shares
Ho Chin Nang	2201 Interest of corporation controlled by you
Ubs Group Ag	2201 Interest of corporation controlled by you
Sparkle Roll Holdings Limited	2101 Beneficial owner
Tam Cho Wai Josephine
Xu Jiaying
Able Honour Holdings Limited

New Sparkle Roll International Group (HKSE:00970) Headlines

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