Jisheng Group Holdings (HKSE:08133) Debt-to-Equity : 0.42 (As of Dec. 2023)

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What is Jisheng Group Holdings Debt-to-Equity?

Jisheng Group Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$3.11 Mil. Jisheng Group Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$6.56 Mil. Jisheng Group Holdings's Total Stockholders Equity for the quarter that ended in Dec. 2023 was HK$22.94 Mil. Jisheng Group Holdings's debt to equity for the quarter that ended in Dec. 2023 was 0.42.

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

HKSE:08133' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.51 Max: 1.84
Current: 0.42

During the past 10 years, the highest Debt-to-Equity Ratio of Jisheng Group Holdings was 1.84. The lowest was 0.01. And the median was 0.51.

HKSE:08133's Debt-to-Equity is ranked worse than
61.39% of 2613 companies
in the Industrial Products industry
Industry Median: 0.28 vs HKSE:08133: 0.42

Jisheng Group Holdings Debt-to-Equity Historical Data

The historical data trend for Jisheng 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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Jisheng Group Holdings Debt-to-Equity Chart

Jisheng Group Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.59

0.97

1.84

1.06

0.42

Jisheng 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															1.06	N/A	0.53	N/A	0.42

Competitive Comparison of Jisheng Group Holdings's Debt-to-Equity

For the Metal Fabrication subindustry, Jisheng 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.

Jisheng Group Holdings's Debt-to-Equity Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Jisheng Group Holdings's Debt-to-Equity distribution charts can be found below:

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

Jisheng Group Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Jisheng Group 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
	=	(3.109	+	6.564)	/	22.935
	=	0.42

Jisheng Group 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
	=	(3.109	+	6.564)	/	22.935
	=	0.42

Jisheng Group Holdings (HKSE:08133) 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.

Jisheng Group Holdings Debt-to-Equity Related Terms

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

Jisheng Group Holdings (HKSE:08133) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Jisheng Group Holdings Ltd (HKSE:08133) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

55 Connaught Road West, 8/F, Wui Tat Centre, Hong Kong, HKG

Website

https://www.solomon-worldwide.com

Jisheng Group Holdings Ltd Formerly Solomon Worldwide Holdings Ltd is an investment holding company. The company's operating segment includes Metal casting and Financial printing. The metal casting products consist of pump components, valve components, filter components, and food machinery components, which are made of stainless steel, carbon steel, bronze, and/or grey iron. The financial printing segment provides typesetting, translation, cover and layout design, printing and binding, distribution, and media placement services in relation to the financial reports, announcements, shareholders circulars, and IPO prospectuses, for its customers. It generates maximum revenue from the metal casting segment. Geographically, it derives a majority of its revenue from Germany.

Executives

Woo Lan Ying	2101 Beneficial owner
Cheung Siu Wo	2101 Beneficial owner
Ling Pui Chi	2101 Beneficial owner
Li Kwok Fan	2101 Beneficial owner
Fang Jinhuo	2101 Beneficial owner
Chung Hon Man	2101 Beneficial owner

Jisheng Group Holdings (HKSE:08133) Headlines

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