361 Degrees International (HKSE:01361) Debt-to-Equity : 0.03 (As of Dec. 2023)

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What is 361 Degrees International Debt-to-Equity?

361 Degrees International's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$54 Mil. 361 Degrees International's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$269 Mil. 361 Degrees International's Total Stockholders Equity for the quarter that ended in Dec. 2023 was HK$9,934 Mil. 361 Degrees International's debt to equity for the quarter that ended in Dec. 2023 was 0.03.

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

HKSE:01361' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.03 Med: 0.3 Max: 0.53
Current: 0.03

During the past 13 years, the highest Debt-to-Equity Ratio of 361 Degrees International was 0.53. The lowest was 0.03. And the median was 0.30.

HKSE:01361's Debt-to-Equity is ranked better than
93.47% of 934 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.44 vs HKSE:01361: 0.03

361 Degrees International Debt-to-Equity Historical Data

The historical data trend for 361 Degrees International'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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361 Degrees International Debt-to-Equity Chart

361 Degrees International Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.40

0.29

0.03

0.04

0.03

361 Degrees International 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	0.03	0.04	0.06	0.03

Competitive Comparison of 361 Degrees International's Debt-to-Equity

For the Footwear & Accessories subindustry, 361 Degrees International'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.

361 Degrees International's Debt-to-Equity Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, 361 Degrees International's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where 361 Degrees International's Debt-to-Equity falls into.

361 Degrees International Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

361 Degrees International's Debt to Equity Ratio for the fiscal year 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
	=	(54.158	+	268.844)	/	9934.101
	=	0.03

361 Degrees International'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
	=	(54.158	+	268.844)	/	9934.101
	=	0.03

361 Degrees International (HKSE:01361) 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.

361 Degrees International Debt-to-Equity Related Terms

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361 Degrees International (HKSE:01361) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » 361 Degrees International Ltd (HKSE:01361) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

TSIOF:USA 36L:Germany

Address

361 Building, Huli High-technology Park, Huli District, Xiamen, Fujian Province, CHN, 361009

Website

http://www.361sport.com

361 Degrees International Ltd is a Chinese manufacturer of sporting goods. The company produces sporting goods. Its segments include adults and kids. 361 Degrees International reports revenue across four product lines: footwear, apparel, accessories, and others. Footwear and apparel are the important product lines, each contributing close to half the company's revenue, and the majority of sales are made across the adult segment. Adults-this segment derives revenue from manufacturing and trading of adult sporting goods. Kids- this segment derives revenue from the trading of kid's sporting goods. The company derives the majority of its revenue domestically.

361 Degrees International (HKSE:01361) Headlines

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