XD (HKSE:02400) Debt-to-Equity : 1.03 (As of Dec. 2023)

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What is XD Debt-to-Equity?

XD's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$1,748 Mil. XD's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$174 Mil. XD's Total Stockholders Equity for the quarter that ended in Dec. 2023 was HK$1,869 Mil. XD's debt to equity for the quarter that ended in Dec. 2023 was 1.03.

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 XD's Debt-to-Equity or its related term are showing as below:

HKSE:02400' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.02 Med: 0.07 Max: 1.11
Current: 1.03

During the past 8 years, the highest Debt-to-Equity Ratio of XD was 1.11. The lowest was 0.02. And the median was 0.07.

HKSE:02400's Debt-to-Equity is ranked worse than
88.24% of 425 companies
in the Interactive Media industry
Industry Median: 0.15 vs HKSE:02400: 1.03

XD Debt-to-Equity Historical Data

The historical data trend for XD'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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XD Debt-to-Equity Chart

XD Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.02

0.06

0.79

1.11

1.03

XD Semi-Annual Data
	Dec16	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial								0.79	0.98	1.11	1.06	1.03

Competitive Comparison of XD's Debt-to-Equity

For the Electronic Gaming & Multimedia subindustry, XD'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.

XD's Debt-to-Equity Distribution in the Interactive Media Industry

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

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

XD Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

XD'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
	=	(1747.607	+	173.513)	/	1869.457
	=	1.03

XD'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
	=	(1747.607	+	173.513)	/	1869.457
	=	1.03

XD (HKSE:02400) 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.

XD Debt-to-Equity Related Terms

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

XD (HKSE:02400) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » XD Inc (HKSE:02400) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

3OE:Germany

Address

Wanrong Road, Unit A2, No. 700, Shanghai, CHN

Website

www.2400.hk

XD Inc is engaged in the development, operation, publishing, and distribution of mobile and web games and the provision of information services in China and overseas. It also operates TapTap, a game community and platform in China. It has two operating segments. The game segment, which is the key revenue driver, offers game publishing and operating services on its own and via other distribution channels. Revenues from this segment are derived from game publishing and operating services. The information service segment offers online marketing services to game developers, game publishers, or their agents. Revenues from this segment are derived from performance-based online marketing services.

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