Prosperous Industrial (Holdings) (HKSE:01731) Debt-to-Equity : 0.02 (As of Dec. 2023)

View and export this data going back to 2018. Start your Free Trial

What is Prosperous Industrial (Holdings) Debt-to-Equity?

Prosperous Industrial (Holdings)'s Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$11 Mil. Prosperous Industrial (Holdings)'s Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$15 Mil. Prosperous Industrial (Holdings)'s Total Stockholders Equity for the quarter that ended in Dec. 2023 was HK$1,163 Mil. Prosperous Industrial (Holdings)'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 Prosperous Industrial (Holdings)'s Debt-to-Equity or its related term are showing as below:

HKSE:01731' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.02 Med: 0.05 Max: 0.07
Current: 0.02

During the past 9 years, the highest Debt-to-Equity Ratio of Prosperous Industrial (Holdings) was 0.07. The lowest was 0.02. And the median was 0.05.

HKSE:01731's Debt-to-Equity is ranked better than
95.71% of 932 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.44 vs HKSE:01731: 0.02

Prosperous Industrial (Holdings) Debt-to-Equity Historical Data

The historical data trend for Prosperous Industrial (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.

Prosperous Industrial (Holdings) Debt-to-Equity Chart

Prosperous Industrial (Holdings) Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

0.07

0.06

0.05

0.04

0.02

Prosperous Industrial (Holdings) Semi-Annual Data
	Dec15	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial											0.05	0.04	0.04	0.03	0.02

Competitive Comparison of Prosperous Industrial (Holdings)'s Debt-to-Equity

For the Footwear & Accessories subindustry, Prosperous Industrial (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.

Prosperous Industrial (Holdings)'s Debt-to-Equity Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Prosperous Industrial (Holdings)'s Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Prosperous Industrial (Holdings)'s Debt-to-Equity falls into.

Prosperous Industrial (Holdings) Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Prosperous Industrial (Holdings)'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
	=	(10.567	+	14.597)	/	1163.278
	=	0.02

Prosperous Industrial (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
	=	(10.567	+	14.597)	/	1163.278
	=	0.02

Prosperous Industrial (Holdings) (HKSE:01731) 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.

Prosperous Industrial (Holdings) Debt-to-Equity Related Terms

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

Prosperous Industrial (Holdings) (HKSE:01731) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Prosperous Industrial (Holdings) Ltd (HKSE:01731) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

71-75 Container Port Road, Unit 1-2, 1st Floor, Join-In Hang Sing Centre, Kwai Chung, New Territories, Hong Kong, HKG

Website

http://www.pihl.hk

Prosperous Industrial (Holdings) Ltd is an investment holding company principally engaged in the manufacturing and sale of sports bags, handbags and luggage bags. The company's products are categorized as outdoor and sporting bags including day packs and overnight backpacks, which are designed with larger volumes; functional bags such as camera backpacks with multiple pockets and waterproof hydration backpacks; fashion and casual bags, as well as other bags and packs. The company mainly operates its products to North America, Asia, and Europe market.

Prosperous Industrial (Holdings) (HKSE:01731) Headlines

No Headlines