Easyknit International Holdings (HKSE:01218) Debt-to-Equity : 1.42 (As of Sep. 2023)

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What is Easyknit International Holdings Debt-to-Equity?

Easyknit International Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was HK$2,363.0 Mil. Easyknit International Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was HK$1,315.0 Mil. Easyknit International Holdings's Total Stockholders Equity for the quarter that ended in Sep. 2023 was HK$2,593.1 Mil. Easyknit International Holdings's debt to equity for the quarter that ended in Sep. 2023 was 1.42.

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

HKSE:01218' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.29 Med: 0.45 Max: 1.42
Current: 1.42

During the past 13 years, the highest Debt-to-Equity Ratio of Easyknit International Holdings was 1.42. The lowest was 0.29. And the median was 0.45.

HKSE:01218's Debt-to-Equity is ranked worse than
71.56% of 1586 companies
in the Real Estate industry
Industry Median: 0.76 vs HKSE:01218: 1.42

Easyknit International Holdings Debt-to-Equity Historical Data

The historical data trend for Easyknit 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.

* Premium members only.

Easyknit International Holdings Debt-to-Equity Chart

Easyknit International Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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0.36

0.44

0.46

0.85

1.02

Easyknit 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															0.78	0.85	1.06	1.02	1.42

Competitive Comparison of Easyknit International Holdings's Debt-to-Equity

For the Real Estate - Development subindustry, Easyknit 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.

Easyknit International Holdings's Debt-to-Equity Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Easyknit International Holdings's Debt-to-Equity distribution charts can be found below:

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

Easyknit International Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Easyknit 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
	=	(1615.872	+	1914.025)	/	3451.803
	=	1.02

Easyknit 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
	=	(2362.971	+	1315.022)	/	2593.071
	=	1.42

Easyknit International Holdings (HKSE:01218) 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.

Easyknit International Holdings Debt-to-Equity Related Terms

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

Easyknit International Holdings (HKSE:01218) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Easyknit International Holdings Ltd (HKSE:01218) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

481-483 Castle Peak Road, Block A, 7th Floor, Hong Kong Spinners Building, Phase 6, Kowloon, Cheung Sha Wan, Hong Kong, HKG

Website

https://www.easyknit.com

Easyknit International Holdings Ltd is an investment holding company, that engages in the investment, development, and management of properties. The company operates through Property Investment, Property Development, Investment in Securities, and Loan Financing segments. The investment properties of the company include residential, commercial, and industrial properties. The firm's majority revenue comes from the Property Investment segment. Geographically, it derives revenue from Hong Kong.

Executives

Winterbotham Holdings Limited
Hooper Ivan Geoffrey Douglas
Hooper Christopher Geoffrey Douglas
Markson International Holding Limited
Koon Wing Yee	2101 Beneficial owner
Lui Yuk Chu	2202 Interest of your spouse
Sea Rejoice Limited	2101 Beneficial owner
Accumulate More Profits Limited	2201 Interest of corporation controlled by you
Hooper Christopher Geoffrey Douglas	2201 Interest of corporation controlled by you
Magical Profits Limited	2201 Interest of corporation controlled by you
The Winterbotham Trust Company Limited As Trustee Of The Magical 2000 Trust	2201 Interest of corporation controlled by you
Koon Ho Yan Candy

Easyknit International Holdings (HKSE:01218) Headlines

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