Luk Hing Entertainment Group Holdings (HKSE:08052) Debt-to-Equity : N/A (As of Sep. 2023)

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What is Luk Hing Entertainment Group Holdings Debt-to-Equity?

Luk Hing Entertainment Group Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was HK$0.00 Mil. Luk Hing Entertainment Group Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was HK$0.00 Mil. Luk Hing Entertainment Group Holdings's Total Stockholders Equity for the quarter that ended in Sep. 2023 was HK$0.00 Mil.

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 Luk Hing Entertainment Group Holdings's Debt-to-Equity or its related term are showing as below:

HKSE:08052' s Debt-to-Equity Range Over the Past 10 Years
Min: -2.24 Med: 0.39 Max: 8.65
Current: -3.16

During the past 10 years, the highest Debt-to-Equity Ratio of Luk Hing Entertainment Group Holdings was 8.65. The lowest was -2.24. And the median was 0.39.

HKSE:08052's Debt-to-Equity is not ranked
in the Travel & Leisure industry.
Industry Median: 0.46 vs HKSE:08052: -3.16

Luk Hing Entertainment Group Holdings Debt-to-Equity Historical Data

The historical data trend for Luk Hing Entertainment Group 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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Luk Hing Entertainment Group Holdings Debt-to-Equity Chart

Luk Hing Entertainment Group Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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3.54

8.20

-2.24

-0.60

-3.16

Luk Hing Entertainment Group Holdings Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															-0.60	N/A	-0.57	N/A	-3.16

Competitive Comparison of Luk Hing Entertainment Group Holdings's Debt-to-Equity

For the Resorts & Casinos subindustry, Luk Hing Entertainment Group 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.

Luk Hing Entertainment Group Holdings's Debt-to-Equity Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Luk Hing Entertainment Group Holdings's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Luk Hing Entertainment Group Holdings's Debt-to-Equity falls into.

Luk Hing Entertainment Group Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Luk Hing Entertainment Group Holdings's Debt to Equity Ratio for the fiscal year that ended in Dec. 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
	=	(38.055	+	4.652)	/	-71.601
	=	-0.60

Luk Hing Entertainment Group 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
	=	(0	+	0)	/	0
	=	N/A

Luk Hing Entertainment Group Holdings (HKSE:08052) 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.

Luk Hing Entertainment Group Holdings Debt-to-Equity Related Terms

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Luk Hing Entertainment Group Holdings (HKSE:08052) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Luk Hing Entertainment Group Holdings Ltd (HKSE:08052) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

168-200 Connaught Road Central, Suite 1505, 15 Floor, Shun Tak Centre West Tower, Sheung Wan, Hong Kong, HKG

Website

https://www.lukhing.com

Luk Hing Entertainment Group Holdings Ltd is an investment holding company. It is engaged in the food and beverage and entertainment industry. The company's principal activities are the operation of clubs and restaurants, organizing music-related featured events as well as granting loans to entities in the food and beverage and entertainment industry. It generates its revenue in the form of sponsorship income, entrance fee income, loan interest income, and sale of food, beverage, and other products. Geographically, the company generates a majority of its revenue from Hong Kong and has a presence in China.

Luk Hing Entertainment Group Holdings (HKSE:08052) Headlines

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