Sinosoft Technology Group (HKSE:01297) Debt-to-Equity : 0.05 (As of Jun. 2023)

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What is Sinosoft Technology Group Debt-to-Equity?

Sinosoft Technology Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was HK$97.7 Mil. Sinosoft Technology Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was HK$0.0 Mil. Sinosoft Technology Group's Total Stockholders Equity for the quarter that ended in Jun. 2023 was HK$1,897.8 Mil. Sinosoft Technology Group's debt to equity for the quarter that ended in Jun. 2023 was 0.05.

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 Sinosoft Technology Group's Debt-to-Equity or its related term are showing as below:

HKSE:01297' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.04 Max: 0.05
Current: 0.05

During the past 11 years, the highest Debt-to-Equity Ratio of Sinosoft Technology Group was 0.05. The lowest was 0.01. And the median was 0.04.

HKSE:01297's Debt-to-Equity is not ranked
in the Software industry.
Industry Median: 0.21 vs HKSE:01297: 0.05

Sinosoft Technology Group Debt-to-Equity Historical Data

The historical data trend for Sinosoft Technology 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.

Sinosoft Technology Group Debt-to-Equity Chart

Sinosoft Technology Group Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Debt-to-Equity

Get a 7-Day Free Trial

0.04

0.01

0.04

0.01

0.03

Sinosoft Technology Group Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Debt-to-Equity	Get a 7-Day Free Trial															0.04	0.01	0.01	0.03	0.05

Competitive Comparison of Sinosoft Technology Group's Debt-to-Equity

For the Software - Application subindustry, Sinosoft Technology 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.

Sinosoft Technology Group's Debt-to-Equity Distribution in the Software Industry

For the Software industry and Technology sector, Sinosoft Technology Group's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Sinosoft Technology Group's Debt-to-Equity falls into.

Sinosoft Technology Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Sinosoft Technology Group's Debt to Equity Ratio for the fiscal year that ended in Dec. 2022 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
	=	(55.836	+	0)	/	2003.492
	=	0.03

Sinosoft Technology Group's Debt to Equity Ratio for the quarter 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
	=	(97.651	+	0)	/	1897.812
	=	0.05

Sinosoft Technology Group (HKSE:01297) 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.

Sinosoft Technology Group Debt-to-Equity Related Terms

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

Sinosoft Technology Group (HKSE:01297) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Sinosoft Technology Group Ltd (HKSE:01297) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 26 Tianpu Road, Jiangpu Street, Pukou District, Jiangsu, Nanjing City, CHN

Website

https://www.sinosoft-technology.com

Sinosoft Technology Group Ltd is a Hong Kong-based provider of application software products and solutions. The firm's operations are organized in two segments: Government big data software and related services, Low carbon & ecology software and related services.

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