Ever Glory United Holdings (SGX:ZKX) Debt-to-Equity : 0.14 (As of Dec. 2023)

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What is Ever Glory United Holdings Debt-to-Equity?

Ever Glory United Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was S$1.11 Mil. Ever Glory United Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was S$0.47 Mil. Ever Glory United Holdings's Total Stockholders Equity for the quarter that ended in Dec. 2023 was S$11.28 Mil. Ever Glory United Holdings's debt to equity for the quarter that ended in Dec. 2023 was 0.14.

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

SGX:ZKX' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.14 Med: 0.39 Max: 0.56
Current: 0.14

During the past 4 years, the highest Debt-to-Equity Ratio of Ever Glory United Holdings was 0.56. The lowest was 0.14. And the median was 0.39.

SGX:ZKX's Debt-to-Equity is ranked better than
74.65% of 1519 companies
in the Construction industry
Industry Median: 0.44 vs SGX:ZKX: 0.14

Ever Glory United Holdings Debt-to-Equity Historical Data

The historical data trend for Ever Glory United 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.

Ever Glory United Holdings Debt-to-Equity Chart

Ever Glory United Holdings Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

0.49

0.56

0.30

0.14

Ever Glory United Holdings Semi-Annual Data
	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial			0.56	N/A	0.30	0.08	0.14

Competitive Comparison of Ever Glory United Holdings's Debt-to-Equity

For the Engineering & Construction subindustry, Ever Glory United 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.

Ever Glory United Holdings's Debt-to-Equity Distribution in the Construction Industry

For the Construction industry and Industrials sector, Ever Glory United Holdings's Debt-to-Equity distribution charts can be found below:

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

Ever Glory United Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Ever Glory United 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
	=	(1.11	+	0.474)	/	11.275
	=	0.14

Ever Glory United 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
	=	(1.11	+	0.474)	/	11.275
	=	0.14

Ever Glory United Holdings (SGX:ZKX) 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.

Ever Glory United Holdings Debt-to-Equity Related Terms

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Ever Glory United Holdings (SGX:ZKX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Ever Glory United Holdings Ltd (SGX:ZKX) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

3 Little Road, No. 03-01 CRF Building, Singapore, SGP, 536982

Website

Ever Glory United Holdings Ltd is a Singapore-based M&E engineering service provider specializing in providing a wide range of M&E engineering services. Its services involve projects in both public and private sectors, such as the development or redevelopment of HDB residential flats, private residential properties, private schools, mixed-use properties, commercial buildings, or industrial buildings. It provides M&E engineering services as either an NSC or a DSC. The company specializes in the following areas of M&E engineering services: ACMV systems; electrical engineering systems; FP systems; PSG systems; and IBS.

Ever Glory United Holdings (SGX:ZKX) Headlines

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