New Provenance Everlasting Holdings (HKSE:02326) Debt-to-Equity : 0.03 (As of Sep. 2023)

View and export this data going back to 2003. Start your Free Trial

What is New Provenance Everlasting Holdings Debt-to-Equity?

New Provenance Everlasting Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was HK$5 Mil. New Provenance Everlasting Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was HK$6 Mil. New Provenance Everlasting Holdings's Total Stockholders Equity for the quarter that ended in Sep. 2023 was HK$462 Mil. New Provenance Everlasting Holdings's debt to equity for the quarter that ended in Sep. 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 New Provenance Everlasting Holdings's Debt-to-Equity or its related term are showing as below:

HKSE:02326' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.03 Max: 3.46
Current: 0.03

During the past 13 years, the highest Debt-to-Equity Ratio of New Provenance Everlasting Holdings was 3.46. The lowest was 0.00. And the median was 0.03.

HKSE:02326's Debt-to-Equity is ranked better than
75.77% of 1300 companies
in the Metals & Mining industry
Industry Median: 0.13 vs HKSE:02326: 0.03

New Provenance Everlasting Holdings Debt-to-Equity Historical Data

The historical data trend for New Provenance Everlasting 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.

New Provenance Everlasting Holdings Debt-to-Equity Chart

New Provenance Everlasting Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

Get a 7-Day Free Trial

0.04

0.03

0.01

New Provenance Everlasting 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															0.04	0.03	0.03	0.01	0.03

Competitive Comparison of New Provenance Everlasting Holdings's Debt-to-Equity

For the Other Industrial Metals & Mining subindustry, New Provenance Everlasting 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.

New Provenance Everlasting Holdings's Debt-to-Equity Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, New Provenance Everlasting Holdings's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where New Provenance Everlasting Holdings's Debt-to-Equity falls into.

New Provenance Everlasting Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

New Provenance Everlasting 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
	=	(1.196	+	5.293)	/	493.206
	=	0.01

New Provenance Everlasting 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
	=	(5.192	+	6.154)	/	462.351
	=	0.02

New Provenance Everlasting Holdings (HKSE:02326) 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.

New Provenance Everlasting Holdings Debt-to-Equity Related Terms

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

New Provenance Everlasting Holdings (HKSE:02326) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » New Provenance Everlasting Holdings Ltd (HKSE:02326) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 6-8 Harbour Road, Unit 1102, 11/F, Shui On Centre, Wanchai, Hong Kong, HKG

Website

https://www.npegroup.com.hk

New Provenance Everlasting Holdings Ltd is engaged in the sourcing and sale of metal minerals and related industrial materials. Its business segments consist of Sourcing and sale of metal minerals and related industrial materials; Production and sale of industrial products and Others. Geographically company generates most of its revenue from China market.

Executives

Sun Le	2201 Interest of corporation controlled by you
Sheen Success Investments Limited	2101 Beneficial owner

New Provenance Everlasting Holdings (HKSE:02326) Headlines

No Headlines