Ocean Line Port Development (HKSE:08502) Debt-to-Equity : 0.00 (As of Dec. 2023)

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What is Ocean Line Port Development Debt-to-Equity?

Ocean Line Port Development's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$0.5 Mil. Ocean Line Port Development's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$1.2 Mil. Ocean Line Port Development's Total Stockholders Equity for the quarter that ended in Dec. 2023 was HK$532.3 Mil. Ocean Line Port Development's debt to equity for the quarter that ended in Dec. 2023 was 0.00.

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 Ocean Line Port Development's Debt-to-Equity or its related term are showing as below:

During the past 9 years, the highest Debt-to-Equity Ratio of Ocean Line Port Development was 0.26. The lowest was 0.00. And the median was 0.11.

HKSE:08502's Debt-to-Equity is not ranked ^*
in the Construction industry.
Industry Median: 0.44
* Ranked among companies with meaningful Debt-to-Equity only.

Ocean Line Port Development Debt-to-Equity Historical Data

The historical data trend for Ocean Line Port Development'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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Ocean Line Port Development Debt-to-Equity Chart

Ocean Line Port Development Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.11

Ocean Line Port Development 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															-	N/A	-	N/A	-

Competitive Comparison of Ocean Line Port Development's Debt-to-Equity

For the Infrastructure Operations subindustry, Ocean Line Port Development'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.

Ocean Line Port Development's Debt-to-Equity Distribution in the Construction Industry

For the Construction industry and Industrials sector, Ocean Line Port Development's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Ocean Line Port Development's Debt-to-Equity falls into.

Ocean Line Port Development Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Ocean Line Port Development'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
	=	(0.546	+	1.194)	/	532.297
	=	0.00

Ocean Line Port Development'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
	=	(0.546	+	1.194)	/	532.297
	=	0.00

Ocean Line Port Development (HKSE:08502) 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.

Ocean Line Port Development Debt-to-Equity Related Terms

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

Ocean Line Port Development (HKSE:08502) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Ocean Line Port Development Ltd (HKSE:08502) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

No.8 Yanjiang Avenue, Chizhou Economic Development Zone, Chizhou, Anhui, CHN

Website

http://www.oceanlineport.com

Ocean Line Port Development Ltd is engaged in the provision of port logistic services. Its business includes cargo handling and related supporting port services, including warehousing, short-haul land transportation, and other miscellaneous services. The company provides loading and unloading services for domestic and foreign trade, covering a wide range of cargo types, including bulk cargoes. Geographically, the group provides port services in China, and all its revenues are generated in China.

Executives

Vital Force Developments Limited	2101 Beneficial owner
Cheung Wai Fung	2101 Beneficial owner
Kwai Sze Hoi	2101 Beneficial owner

Ocean Line Port Development (HKSE:08502) Headlines

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