Kantone Holdings (HKSE:01059) Debt-to-Equity : 0.04 (As of Dec. 2023)

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What is Kantone Holdings Debt-to-Equity?

Kantone Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$2.9 Mil. Kantone Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$2.5 Mil. Kantone Holdings's Total Stockholders Equity for the quarter that ended in Dec. 2023 was HK$140.9 Mil. Kantone Holdings's debt to equity for the quarter that ended in Dec. 2023 was 0.04.

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

HKSE:01059' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.03 Max: 0.08
Current: 0.04

During the past 13 years, the highest Debt-to-Equity Ratio of Kantone Holdings was 0.08. The lowest was 0.00. And the median was 0.03.

HKSE:01059's Debt-to-Equity is ranked better than
82.15% of 2213 companies
in the Software industry
Industry Median: 0.21 vs HKSE:01059: 0.04

Kantone Holdings Debt-to-Equity Historical Data

The historical data trend for Kantone 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.

Kantone Holdings Debt-to-Equity Chart

Kantone Holdings Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-Equity

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0.08

0.04

Kantone 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															0.03	0.04	0.06	0.04	0.04

Competitive Comparison of Kantone Holdings's Debt-to-Equity

For the Information Technology Services subindustry, Kantone 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.

Kantone Holdings's Debt-to-Equity Distribution in the Software Industry

For the Software industry and Technology sector, Kantone Holdings's Debt-to-Equity distribution charts can be found below:

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

Kantone Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Kantone Holdings's Debt to Equity Ratio for the fiscal year that ended in Jun. 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
	=	(3.087	+	1.924)	/	134.593
	=	0.04

Kantone 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
	=	(2.934	+	2.54)	/	140.885
	=	0.04

Kantone Holdings (HKSE:01059) 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.

Kantone Holdings Debt-to-Equity Related Terms

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

Kantone Holdings (HKSE:01059) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Kantone Holdings Ltd (HKSE:01059) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

KTHGF:USA

Address

188 Connaught Road West, Unit 4213, 42nd Floor, Hong Kong, HKG

Website

https://www.tricor.com.hk

Kantone Holdings Ltd is an investment holding company. The company's operating segment includes Sales of cultural products; Technology: System sales including software licensing and services and Technology: Leasing of system products. It generates maximum revenue from the Technology: System sales including software licensing and services segment. Geographically, it derives a majority of its revenue from Europe.

Executives

Innovative City Investments Limited	2101 Beneficial owner
Chan Koon Wa	2201 Interest of corporation controlled by you

Kantone Holdings (HKSE:01059) Headlines

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