SingAsia Holdings (HKSE:08293) Debt-to-Equity : 0.80 (As of Jan. 2024)

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What is SingAsia Holdings Debt-to-Equity?

SingAsia Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was HK$14.20 Mil. SingAsia Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was HK$0.08 Mil. SingAsia Holdings's Total Stockholders Equity for the quarter that ended in Jan. 2024 was HK$17.94 Mil. SingAsia Holdings's debt to equity for the quarter that ended in Jan. 2024 was 0.80.

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

HKSE:08293' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.03 Med: 0.47 Max: 0.8
Current: 0.8

During the past 10 years, the highest Debt-to-Equity Ratio of SingAsia Holdings was 0.80. The lowest was 0.03. And the median was 0.47.

HKSE:08293's Debt-to-Equity is ranked worse than
67.86% of 918 companies
in the Business Services industry
Industry Median: 0.37 vs HKSE:08293: 0.80

SingAsia Holdings Debt-to-Equity Historical Data

The historical data trend for SingAsia 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.

SingAsia Holdings Debt-to-Equity Chart

SingAsia Holdings Annual Data

Trend

Jul14

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

Debt-to-Equity

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0.80

0.45

0.47

0.50

0.37

SingAsia Holdings Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Debt-to-Equity	Get a 7-Day Free Trial															0.56	N/A	0.37	N/A	0.80

Competitive Comparison of SingAsia Holdings's Debt-to-Equity

For the Staffing & Employment Services subindustry, SingAsia 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.

SingAsia Holdings's Debt-to-Equity Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, SingAsia Holdings's Debt-to-Equity distribution charts can be found below:

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

SingAsia Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

SingAsia Holdings's Debt to Equity Ratio for the fiscal year that ended in Jul. 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
	=	(8.131	+	0.135)	/	22.177
	=	0.37

SingAsia Holdings's Debt to Equity Ratio for the quarter that ended in Jan. 2024 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
	=	(14.203	+	0.076)	/	17.935
	=	0.80

SingAsia Holdings (HKSE:08293) 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.

SingAsia Holdings Debt-to-Equity Related Terms

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

SingAsia Holdings (HKSE:08293) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » SingAsia Holdings Ltd (HKSE:08293) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

60 Paya Lebar Road, No. 12–29 Paya Lebar Square, Singapore, SGP, 409051

Website

http://www.singasia.com.sg

SingAsia Holdings Ltd is a workforce solutions provider for companies and organizations looking to streamline their operations in hotels, resorts, retail, food and beverage and other educational institutions, event organizers, and various industries sectors. The group's segments include Manpower outsourcing and Manpower recruitment. The majority of its revenue is derived from the Manpower outsourcing segment. Geographically, it generates a majority of its revenue from Singapore.

Executives

Irregular Consulting Limited	2101 Beneficial owner
Wee Yu-chih	2201 Interest of corporation controlled by you
Tse Sing Yu	2201 Interest of corporation controlled by you
Huang Weiyan	2101 Beneficial owner
Goh Guan Chua	2101 Beneficial owner
Centrex Treasure Holdings Limited	2101 Beneficial owner
Sim Hak Chor	2201 Interest of corporation controlled by you
Eden Publishing Pte. Ltd.	2101 Beneficial owner
Teo Li Lian	2101 Beneficial owner
Li Haifeng	2101 Beneficial owner
Sim Hak Chor	2201 Interest of corporation controlled by you

SingAsia Holdings (HKSE:08293) Headlines

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