Mercurity Fintech Holding (Mercurity Fintech Holding) Debt-to-Equity : 0.52 (As of Jun. 2023)

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What is Mercurity Fintech Holding Debt-to-Equity?

Mercurity Fintech Holding's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was $9.34 Mil. Mercurity Fintech Holding's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was $0.46 Mil. Mercurity Fintech Holding's Total Stockholders Equity for the quarter that ended in Jun. 2023 was $19.03 Mil. Mercurity Fintech Holding's debt to equity for the quarter that ended in Jun. 2023 was 0.52.

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 Mercurity Fintech Holding's Debt-to-Equity or its related term are showing as below:

MFH' s Debt-to-Equity Range Over the Past 10 Years
Min: -0.43 Med: 0.07 Max: 0.52
Current: 0.52

During the past 11 years, the highest Debt-to-Equity Ratio of Mercurity Fintech Holding was 0.52. The lowest was -0.43. And the median was 0.07.

MFH's Debt-to-Equity is ranked worse than
57.89% of 608 companies
in the Capital Markets industry
Industry Median: 0.37 vs MFH: 0.52

Mercurity Fintech Holding Debt-to-Equity Historical Data

The historical data trend for Mercurity Fintech Holding'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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Mercurity Fintech Holding Debt-to-Equity Chart

Mercurity Fintech Holding Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Debt-to-Equity

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0.05

Mercurity Fintech Holding Quarterly Data
	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Jun22	Dec22	Jun23
Debt-to-Equity	Get a 7-Day Free Trial															-	-	-	0.05	0.52

Competitive Comparison of Mercurity Fintech Holding's Debt-to-Equity

For the Capital Markets subindustry, Mercurity Fintech Holding'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.

Mercurity Fintech Holding's Debt-to-Equity Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Mercurity Fintech Holding's Debt-to-Equity distribution charts can be found below:

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

Mercurity Fintech Holding Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Mercurity Fintech Holding'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
	=	(0.27	+	0.634)	/	16.829
	=	0.05

Mercurity Fintech Holding'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
	=	(9.338	+	0.461)	/	19.026
	=	0.52

Mercurity Fintech Holding (NAS:MFH) 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.

Mercurity Fintech Holding Debt-to-Equity Related Terms

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Mercurity Fintech Holding (Mercurity Fintech Holding) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Mercurity Fintech Holding Inc (NAS:MFH) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

1330 Avenue of Americas, Fl 33, New York, NY, USA, 10019

Website

https://www.mercurityfintech.com

Mercurity Fintech Holding Inc is a digital fintech company powered by blockchain technology. The company's scope of business includes digital asset trading, asset digitization, cross-border remittance, and other services, providing compliant, professional, and efficient digital financial services to its customers. The group is also engaged in Bitcoin mining, digital currency investment, and trading, continuing its expansion to online and traditional brokerage services and other related fields.