Best Mart 360 Holdings (HKSE:02360) Debt-to-Equity : 0.71 (As of Sep. 2023)

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What is Best Mart 360 Holdings Debt-to-Equity?

Best Mart 360 Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was HK$212 Mil. Best Mart 360 Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was HK$130 Mil. Best Mart 360 Holdings's Total Stockholders Equity for the quarter that ended in Sep. 2023 was HK$479 Mil. Best Mart 360 Holdings's debt to equity for the quarter that ended in Sep. 2023 was 0.71.

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 Best Mart 360 Holdings's Debt-to-Equity or its related term are showing as below:

HKSE:02360' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.2 Med: 0.93 Max: 3.05
Current: 0.71

During the past 7 years, the highest Debt-to-Equity Ratio of Best Mart 360 Holdings was 3.05. The lowest was 0.20. And the median was 0.93.

HKSE:02360's Debt-to-Equity is ranked worse than
54.29% of 280 companies
in the Retail - Defensive industry
Industry Median: 0.61 vs HKSE:02360: 0.71

Best Mart 360 Holdings Debt-to-Equity Historical Data

The historical data trend for Best Mart 360 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.

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Best Mart 360 Holdings Debt-to-Equity Chart

Best Mart 360 Holdings Annual Data

Trend

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Debt-to-Equity

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0.73

0.20

1.06

0.93

0.74

Best Mart 360 Holdings Semi-Annual Data
	Mar16	Mar17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial									0.96	0.74	0.69	0.68	0.71

Competitive Comparison of Best Mart 360 Holdings's Debt-to-Equity

For the Discount Stores subindustry, Best Mart 360 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.

Best Mart 360 Holdings's Debt-to-Equity Distribution in the Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Best Mart 360 Holdings's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Best Mart 360 Holdings's Debt-to-Equity falls into.

Best Mart 360 Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Best Mart 360 Holdings's Debt to Equity Ratio for the fiscal year that ended in Mar. 2022 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
	=	(212.894	+	110.756)	/	438.043
	=	0.74

Best Mart 360 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
	=	(211.516	+	129.767)	/	479.332
	=	0.71

Best Mart 360 Holdings (HKSE:02360) 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.

Best Mart 360 Holdings Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Best Mart 360 Holdings's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Best Mart 360 Holdings (HKSE:02360) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Best Mart 360 Holdings Ltd (HKSE:02360) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

BMTHF:USA

Address

No. 108 Wai Yip Street, 11th Floor, C-Bons International Center, Kowloon, Hong Kong, HKG

Website

https://www.bestmart360.com

Best Mart 360 Holdings Ltd is a leisure food retailer operating chain retail stores under its stores Best Mart 360 and FoodVille. The company is engaged in retail sales of food and beverage, household and personal care products in Hong Kong, Macau and People's Republic of China. The company generates majority of the revenue from Hong Kong.

Executives

China Merchants Group Limited	2201 Interest of corporation controlled by you
China Merchants Hoi Tung Trading Company Limited	2106 Person having a security interest in shares
United East Global Limited	2101 Beneficial owner
Universal Tycoon Limited	2101 Beneficial owner
Sino Sea Enterprises Limited	2101 Beneficial owner
Hui Ngai Fan	2201 Interest of corporation controlled by you
Lin Tsz Fung	2201 Interest of corporation controlled by you
Sea Wealth Ventures Limited	2101 Beneficial owner
Giant Blessing Global Limited	2101 Beneficial owner
Lee Wai Bing	2202 Interest of your spouse

Best Mart 360 Holdings (HKSE:02360) Headlines

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