Lincotrade & Associates Holdings (SGX:BFT) Debt-to-Equity : 1.47 (As of Dec. 2023)

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What is Lincotrade & Associates Holdings Debt-to-Equity?

Lincotrade & Associates Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was S$14.62 Mil. Lincotrade & Associates Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was S$0.90 Mil. Lincotrade & Associates Holdings's Total Stockholders Equity for the quarter that ended in Dec. 2023 was S$10.56 Mil. Lincotrade & Associates Holdings's debt to equity for the quarter that ended in Dec. 2023 was 1.47.

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

SGX:BFT' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.17 Max: 1.47
Current: 1.47

During the past 13 years, the highest Debt-to-Equity Ratio of Lincotrade & Associates Holdings was 1.47. The lowest was 0.00. And the median was 0.17.

SGX:BFT's Debt-to-Equity is ranked worse than
86.44% of 1519 companies
in the Construction industry
Industry Median: 0.44 vs SGX:BFT: 1.47

Lincotrade & Associates Holdings Debt-to-Equity Historical Data

The historical data trend for Lincotrade & Associates 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.

Lincotrade & Associates Holdings Debt-to-Equity Chart

Lincotrade & Associates Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Jun21

Jun22

Jun23

Debt-to-Equity

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0.30

0.44

N/A

0.05

0.03

Lincotrade & Associates Holdings Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															0.03	0.05	1.43	0.03	1.47

Competitive Comparison of Lincotrade & Associates Holdings's Debt-to-Equity

For the Engineering & Construction subindustry, Lincotrade & Associates 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.

Lincotrade & Associates Holdings's Debt-to-Equity Distribution in the Construction Industry

For the Construction industry and Industrials sector, Lincotrade & Associates Holdings's Debt-to-Equity distribution charts can be found below:

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

Lincotrade & Associates Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Lincotrade & Associates Holdings's Debt to Equity Ratio for the fiscal year that ended in Jun. 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
	=	(0.112	+	0.159)	/	8.767
	=	0.03

Lincotrade & Associates 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
	=	(14.618	+	0.902)	/	10.557
	=	1.47

Lincotrade & Associates Holdings (SGX:BFT) 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.

Lincotrade & Associates Holdings Debt-to-Equity Related Terms

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Lincotrade & Associates Holdings (SGX:BFT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Lincotrade & Associates Holdings Ltd (SGX:BFT) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

39 Sungei Kadut Loop, Singapore, SGP, 729494

Website

https://www.lincotrade.com.sg

Lincotrade & Associates Holdings Ltd specializes in interior fitting out services, additions and alterations ("A&A") works, and other building construction services. Its segments include commercial premises, such as offices, hotels, shopping malls, and food and beverage establishments; residential premises such as condominium developments; and show flats and sales galleries. The company generates the majority of its revenue from commercial premises. Geographically the company operates in Singapore.