Datasea (Datasea) Debt-to-Equity : 0.30 (As of Dec. 2023)

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What is Datasea Debt-to-Equity?

Datasea's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.78 Mil. Datasea's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.00 Mil. Datasea's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $2.60 Mil. Datasea's debt to equity for the quarter that ended in Dec. 2023 was 0.30.

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

DTSS' s Debt-to-Equity Range Over the Past 10 Years
Min: -2.16 Med: 0.22 Max: 8.68
Current: 0.3

During the past 8 years, the highest Debt-to-Equity Ratio of Datasea was 8.68. The lowest was -2.16. And the median was 0.22.

DTSS's Debt-to-Equity is ranked worse than
57.83% of 2222 companies
in the Software industry
Industry Median: 0.21 vs DTSS: 0.30

Datasea Debt-to-Equity Historical Data

The historical data trend for Datasea'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.

Datasea Debt-to-Equity Chart

Datasea Annual Data

Trend

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-Equity

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0.02

0.18

8.68

0.23

-0.61

Datasea Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															-2.16	-0.92	-0.61	0.59	0.30

Competitive Comparison of Datasea's Debt-to-Equity

For the Software - Infrastructure subindustry, Datasea'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.

Datasea's Debt-to-Equity Distribution in the Software Industry

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

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

Datasea Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Datasea's Debt to Equity Ratio for the fiscal year 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
	=	(0.72	+	1.428)	/	-3.519
	=	-0.61

Datasea'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
	=	(0.775	+	0.001)	/	2.603
	=	0.30

Datasea (NAS:DTSS) 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.

Datasea Debt-to-Equity Related Terms

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

Datasea (Datasea) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Datasea Inc (NAS:DTSS) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

AQC0:Germany

Address

1 Ronghua South Road, 20th Floor, Tower B, Guorui Plaza, Technological Development Zone, Beijing, CHN, 100176

Website

http://www.dataseainc.com

Datasea Inc is a development stage company engaged in Internet security products. Its offers service and products such as Internet Security Equipment, New Media Advertising Service, Micro Marketing Service, Internet Service Provider (ISP) Connecting Service, Big Data Processing Service. The business activity of the group functions through China.

Executives

Yan Yang	director	RM 112, DRAGON COURT, 100 WATERLOO ROAD, KOWLOON K3 NONE
Chunqi Jiao	officer: CTO	130 CHIANGJIANG ROAD, NANGANG DISTRICT, HARBIN F4 150090
Fu Liu	director, 10 percent owner	1 XINGHUO RD, CHANGNING BUILDING, STE 21BC1, FENGTAI DISTRICT, BEIJING F4 100070
Zhixin Liu	director, 10 percent owner, officer: CEO	1 XINGHUO RD, CHANGNING BUILDING, STE, 21BC1, FENGTAI DISTRICT, BEIJING F4 100070
Chun Kwok Wong	director	1 XINGHUO RD CHANGNING BLDG, 11TH FLOOR FENGTAI DISTRICT, BEIJING F4 100070
Mingzhou Sun	officer: Chief Financial Officer	20TH FLOOR, TOWER B, GUORUI PLAZA, 1 RONGHUA S. RD, TECHNOLOGICAL DEVT ZONE, BEIJING F4 100176
Michael J. Antonoplos	director	345 STRATHMORE DRIVE, BRYN MAWR PA 19010-1262
Ling Wang	director	1 XINGHUO RD CHANGNING BLDG, 11TH FLOOR FENGTAI DISTRICT, BEIJING F4 100070
Tongjun Si	director	1 XINGHUO RD CHANGNING BLDG, 11TH FLOOR FENGTAI DISTRICT, BEIJING F4 100070
Jijin Zhang	officer: Chief Financial Officer	1 XINGHUO RD. CHANGNING BUILDING, 11TH FLOOR FENGTAI DISTRICT, BEIJING F4 100070