China-Hongkong Photo Products Holdings (HKSE:01123) Debt-to-Equity : 0.07 (As of Sep. 2023)

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What is China-Hongkong Photo Products Holdings Debt-to-Equity?

China-Hongkong Photo Products Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was HK$29 Mil. China-Hongkong Photo Products Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was HK$20 Mil. China-Hongkong Photo Products Holdings's Total Stockholders Equity for the quarter that ended in Sep. 2023 was HK$686 Mil. China-Hongkong Photo Products Holdings's debt to equity for the quarter that ended in Sep. 2023 was 0.07.

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 China-Hongkong Photo Products Holdings's Debt-to-Equity or its related term are showing as below:

HKSE:01123' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.07 Med: 0.1 Max: 0.13
Current: 0.07

During the past 13 years, the highest Debt-to-Equity Ratio of China-Hongkong Photo Products Holdings was 0.13. The lowest was 0.07. And the median was 0.10.

HKSE:01123's Debt-to-Equity is ranked better than
86.07% of 689 companies
in the Travel & Leisure industry
Industry Median: 0.46 vs HKSE:01123: 0.07

China-Hongkong Photo Products Holdings Debt-to-Equity Historical Data

The historical data trend for China-Hongkong Photo Products 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.

China-Hongkong Photo Products Holdings Debt-to-Equity Chart

China-Hongkong Photo Products Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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0.13

0.11

0.10

0.08

China-Hongkong Photo Products 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															0.12	0.10	0.09	0.08	0.07

Competitive Comparison of China-Hongkong Photo Products Holdings's Debt-to-Equity

For the Leisure subindustry, China-Hongkong Photo Products 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.

China-Hongkong Photo Products Holdings's Debt-to-Equity Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, China-Hongkong Photo Products Holdings's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where China-Hongkong Photo Products Holdings's Debt-to-Equity falls into.

China-Hongkong Photo Products Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

China-Hongkong Photo Products 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
	=	(33.84	+	21.165)	/	677.618
	=	0.08

China-Hongkong Photo Products 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
	=	(29.398	+	19.821)	/	685.631
	=	0.07

China-Hongkong Photo Products Holdings (HKSE:01123) 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.

China-Hongkong Photo Products Holdings Debt-to-Equity Related Terms

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

China-Hongkong Photo Products Holdings (HKSE:01123) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » China-Hongkong Photo Products Holdings Ltd (HKSE:01123) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

220-248 Texaco Road, 8th Floor, Tsuen Wan Industrial Centre, Tsuen Wan, Hong Kong, HKG

Website

http://www.chinahkphoto.com.hk

China-Hongkong Photo Products Holdings Ltd is an investment holding company. The company's operating segment includes Merchandise; Service; Investment and Corporate and 0thers. Its Merchandise segment is engaged in the marketing and distribution of photographic developing, processing and printing products as well as the sale of photographic merchandise, skincare products, consumer electronic products, and household appliances. It generates maximum revenue from the Merchandise segment. Geographically, it derives a majority of revenue from Hong Kong and also has a presence in the People's Republic of China.

Executives

Tricor Equity Trustee Limited	2301 Trustee
Sun Tai Lun
Sun Tao Hsi, Ryan	2305 Beneficiary of a trust

China-Hongkong Photo Products Holdings (HKSE:01123) Headlines

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