Wah Sun Handbags International Holdings (HKSE:02683) Debt-to-Equity : 0.08 (As of Sep. 2023)

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What is Wah Sun Handbags International Holdings Debt-to-Equity?

Wah Sun Handbags International Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was HK$3.4 Mil. Wah Sun Handbags International Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was HK$18.6 Mil. Wah Sun Handbags International Holdings's Total Stockholders Equity for the quarter that ended in Sep. 2023 was HK$264.0 Mil. Wah Sun Handbags International Holdings's debt to equity for the quarter that ended in Sep. 2023 was 0.08.

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

HKSE:02683' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.07 Med: 0.1 Max: 0.63
Current: 0.08

During the past 9 years, the highest Debt-to-Equity Ratio of Wah Sun Handbags International Holdings was 0.63. The lowest was 0.07. And the median was 0.10.

HKSE:02683's Debt-to-Equity is ranked better than
84.44% of 932 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.44 vs HKSE:02683: 0.08

Wah Sun Handbags International Holdings Debt-to-Equity Historical Data

The historical data trend for Wah Sun Handbags 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.

Wah Sun Handbags International Holdings Debt-to-Equity Chart

Wah Sun Handbags International Holdings Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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0.07

0.13

0.10

0.09

0.10

Wah Sun Handbags International Holdings Semi-Annual Data
	Mar15	Mar16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial											0.10	0.09	0.10	0.10	0.08

Competitive Comparison of Wah Sun Handbags International Holdings's Debt-to-Equity

For the Footwear & Accessories subindustry, Wah Sun Handbags 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.

Wah Sun Handbags International Holdings's Debt-to-Equity Distribution in the Manufacturing - Apparel & Accessories Industry

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

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

Wah Sun Handbags International Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Wah Sun Handbags 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
	=	(3.408	+	20.419)	/	247.206
	=	0.10

Wah Sun Handbags 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
	=	(3.415	+	18.613)	/	264
	=	0.08

Wah Sun Handbags International Holdings (HKSE:02683) 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.

Wah Sun Handbags International Holdings Debt-to-Equity Related Terms

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Wah Sun Handbags International Holdings (HKSE:02683) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Wah Sun Handbags International Holdings Ltd (HKSE:02683) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

30-32 Au Pui Wan Street, Room 9, 6th Floor. Wah Yiu Industrial Centre, Fo Tan, Shatin, New Territories, Hong Kong, HKG

Website

http://www.wahsun.com.hk

Wah Sun Handbags International Holdings Ltd is an investment holding company. It is engaged in the manufacturing and trading of handbag products. Geographically, it derives a majority of revenue from the United States of America and also has a presence in Spain and Other countries. Its non-leather handbags are made of materials such as PU, PVC and various types of textile materials, which are mainly mass market and middle-end priced products.

Wah Sun Handbags International Holdings (HKSE:02683) Headlines

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