APAC Resources (HKSE:01104) Debt-to-Equity : 0.02 (As of Dec. 2023)

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What is APAC Resources Debt-to-Equity?

APAC Resources's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$90 Mil. APAC Resources's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$1 Mil. APAC Resources's Total Stockholders Equity for the quarter that ended in Dec. 2023 was HK$4,063 Mil. APAC Resources's debt to equity for the quarter that ended in Dec. 2023 was 0.02.

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 APAC Resources's Debt-to-Equity or its related term are showing as below:

HKSE:01104' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.03 Max: 0.07
Current: 0.02

During the past 13 years, the highest Debt-to-Equity Ratio of APAC Resources was 0.07. The lowest was 0.00. And the median was 0.03.

HKSE:01104's Debt-to-Equity is ranked better than
92.14% of 611 companies
in the Capital Markets industry
Industry Median: 0.37 vs HKSE:01104: 0.02

APAC Resources Debt-to-Equity Historical Data

The historical data trend for APAC Resources'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.

APAC Resources Debt-to-Equity Chart

APAC Resources Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-Equity

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0.07

0.05

APAC Resources 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	0.07	0.06	0.05	0.02

Competitive Comparison of APAC Resources's Debt-to-Equity

For the Capital Markets subindustry, APAC Resources'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.

APAC Resources's Debt-to-Equity Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, APAC Resources's Debt-to-Equity distribution charts can be found below:

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

APAC Resources Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

APAC Resources'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
	=	(185.962	+	1.514)	/	3545.239
	=	0.05

APAC Resources'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
	=	(90.363	+	0.589)	/	4063.241
	=	0.02

APAC Resources (HKSE:01104) 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.

APAC Resources Debt-to-Equity Related Terms

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

APAC Resources (HKSE:01104) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » APAC Resources Ltd (HKSE:01104) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

APPCF:USA FZV1:Germany

Address

138 Gloucester Road, Allied Kajima Building, Wanchai, Room 2304, 23rd Floor, Hong Kong, HKG

Website

http://www.apacresources.com

APAC Resources Ltd is an investment holding company principally engaged in the commodity trading business and natural source investment business. The company operates through three business segments namely Commodity Business which includes trading of commodities, Resource investment which is engaged in the trading of and investment in listed and unlisted securities and Principal investment and financial services which engaged in the provision of loan financing and investments in loan notes, convertible notes, and other financial assets. The company generates maximum revenue from Commodity Business segment.

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