BEST (BEST) Debt-to-Equity

: 18.82 (As of Sep. 2023)

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BEST's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $211 Mil. BEST's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $135 Mil. BEST's Total Stockholders Equity for the quarter that ended in Sep. 2023 was $18 Mil. BEST's debt to equity for the quarter that ended in Sep. 2023 was 18.82.

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

BEST' s Debt-to-Equity Range Over the Past 10 Years
Min: -0.08 Med: 2.83 Max: 76.4
Current: 18.82

During the past 9 years, the highest Debt-to-Equity Ratio of BEST was 76.40. The lowest was -0.08. And the median was 2.83.

BEST's Debt-to-Equity is ranked worse than
99.1% of 886 companies
in the Transportation industry
Industry Median: 0.55 vs BEST: 18.82

BEST Debt-to-Equity Historical Data

The historical data trend for BEST'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.

BEST Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Debt-to-Equity

0.43

2.14

3.71

2.83

5.90

BEST Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Debt-to-Equity																3.81	5.90	8.88	13.45	18.82

Competitive Comparison

For the Trucking subindustry, BEST'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.

BEST Debt-to-Equity Distribution

For the Transportation industry and Industrials sector, BEST's Debt-to-Equity distribution charts can be found below:

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

BEST Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

BEST'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
	=	(192.403	+	397.335)	/	99.977
	=	5.90

BEST's Debt to Equity Ratio for the quarter that ended in Sep. 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
	=	(211.12	+	135.173)	/	18.397
	=	18.82

BEST (NYSE:BEST) 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.

BEST Debt-to-Equity Related Terms

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BEST (BEST) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » BEST Inc (NYSE:BEST) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 18 Tangmiao Road, 2nd Floor, Block A, Huaxing Modern Industry Park, Xihu District, Zhejiang Province, Hangzhou, CHN, 310013

Website

https://ir.best-inc.com

BEST Inc is a supply chain company. It provides a New Retail platform that offers technology-enabled integrated solutions such as supply chain management, express delivery, freight, merchandise sourcing, cross-border supply chain, last-mile, financial and value-added services. The Group operates in the following operating segments, Supply chain management services, Freight, Global and Others. The Others category principally relates to cross-border logistic coordination services. The majority of revenue generated from Freight segment.