Echo International Holdings Group (HKSE:08218) Debt-to-Equity : 0.08 (As of Sep. 2023)

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What is Echo International Holdings Group Debt-to-Equity?

Echo International Holdings Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was HK$2.31 Mil. Echo International Holdings Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was HK$2.57 Mil. Echo International Holdings Group's Total Stockholders Equity for the quarter that ended in Sep. 2023 was HK$59.93 Mil. Echo International Holdings Group'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 Echo International Holdings Group's Debt-to-Equity or its related term are showing as below:

HKSE:08218' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.02 Med: 0.41 Max: 305.04
Current: 0.08

During the past 11 years, the highest Debt-to-Equity Ratio of Echo International Holdings Group was 305.04. The lowest was 0.02. And the median was 0.41.

HKSE:08218's Debt-to-Equity is ranked better than
77.15% of 2193 companies
in the Hardware industry
Industry Median: 0.29 vs HKSE:08218: 0.08

Echo International Holdings Group Debt-to-Equity Historical Data

The historical data trend for Echo International Holdings Group'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.

Echo International Holdings Group Debt-to-Equity Chart

Echo International Holdings Group Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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0.45

1.52

305.04

14.24

0.14

Echo International Holdings Group Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial															1.83	N/A	0.14	N/A	0.08

Competitive Comparison of Echo International Holdings Group's Debt-to-Equity

For the Scientific & Technical Instruments subindustry, Echo International Holdings Group'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.

Echo International Holdings Group's Debt-to-Equity Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Echo International Holdings Group's Debt-to-Equity distribution charts can be found below:

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

Echo International Holdings Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Echo International Holdings Group'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
	=	(3.592	+	3.763)	/	52.281
	=	0.14

Echo International Holdings Group'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
	=	(2.307	+	2.574)	/	59.929
	=	0.08

Echo International Holdings Group (HKSE:08218) 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.

Echo International Holdings Group Debt-to-Equity Related Terms

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Echo International Holdings Group (HKSE:08218) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Echo International Holdings Group Ltd (HKSE:08218) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

9 Hoi Shing Road, Room 3207A, 32nd Floor, Cable TV Tower, Tsuen Wan, Hong Kong, HKG

Website

http://www.echogroup.com.hk

Echo International Holdings Group Ltd is an investment holding company. The company's operating segment includes the Trading of electronic products; Manufacturing and trading of electronic products and accessories, Provision of food catering services, and trading of timepieces. It generates maximum revenue from the Provision of food catering services segment. Its products include security alarm, indications board, buzzers, timer, fishing indicator, charge board, control board, fire alarm, LED lamp assembly, switch, printed circuit board, and others. Geographically, it derives a majority of revenue from Hong KongCountries.

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