Tian Ge Interactive Holdings (HKSE:01980) Debt-to-Equity : 0.06 (As of Dec. 2023)

View and export this data going back to 2014. Start your Free Trial

What is Tian Ge Interactive Holdings Debt-to-Equity?

Tian Ge Interactive Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$149.39 Mil. Tian Ge Interactive Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$1.23 Mil. Tian Ge Interactive Holdings's Total Stockholders Equity for the quarter that ended in Dec. 2023 was HK$2,464.68 Mil. Tian Ge Interactive Holdings's debt to equity for the quarter that ended in Dec. 2023 was 0.06.

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

HKSE:01980' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.06 Max: 0.14
Current: 0.06

During the past 11 years, the highest Debt-to-Equity Ratio of Tian Ge Interactive Holdings was 0.14. The lowest was 0.00. And the median was 0.06.

HKSE:01980's Debt-to-Equity is ranked better than
71.26% of 428 companies
in the Interactive Media industry
Industry Median: 0.15 vs HKSE:01980: 0.06

Tian Ge Interactive Holdings Debt-to-Equity Historical Data

The historical data trend for Tian Ge Interactive 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.

Tian Ge Interactive Holdings Debt-to-Equity Chart

Tian Ge Interactive Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

0.06

0.10

0.14

0.06

Tian Ge Interactive Holdings Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															0.10	0.16	0.14	0.05	0.06

Competitive Comparison of Tian Ge Interactive Holdings's Debt-to-Equity

For the Internet Content & Information subindustry, Tian Ge Interactive 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.

Tian Ge Interactive Holdings's Debt-to-Equity Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Tian Ge Interactive Holdings's Debt-to-Equity distribution charts can be found below:

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

Tian Ge Interactive Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Tian Ge Interactive 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
	=	(149.391	+	1.234)	/	2464.684
	=	0.06

Tian Ge Interactive 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
	=	(149.391	+	1.234)	/	2464.684
	=	0.06

Tian Ge Interactive Holdings (HKSE:01980) 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.

Tian Ge Interactive Holdings Debt-to-Equity Related Terms

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

Tian Ge Interactive Holdings (HKSE:01980) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Tian Ge Interactive Holdings Ltd (HKSE:01980) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Intime City Tower E, 12-14th Floor, Gongshu District, Hangzhou, CHN

Website

http://www.tiange.com

Tian Ge Interactive Holdings Ltd is a Chinese investment holding company that engages in the online entertainment business. The company develops and operates real-time video technology so its users can socialize and interact through video chat and text. The company is also involved with creating mobile game platforms, O2O Entertainments, and has a health, personal, and beauty care business. The firm's segments include Online interactive entertainment services and Others. Online interactive entertainment services comprise the vast majority of the firm's overall revenue. It mainly operates its business in China.

Tian Ge Interactive Holdings (HKSE:01980) Headlines

No Headlines