OneConnect Financial Technology Co (OneConnect Financial Technology Co) Debt-to-Equity : 0.12 (As of Dec. 2023)

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What is OneConnect Financial Technology Co Debt-to-Equity?

OneConnect Financial Technology Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $46.1 Mil. OneConnect Financial Technology Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $4.0 Mil. OneConnect Financial Technology Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $415.5 Mil. OneConnect Financial Technology Co's debt to equity for the quarter that ended in Dec. 2023 was 0.12.

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 OneConnect Financial Technology Co's Debt-to-Equity or its related term are showing as below:

OCFT' s Debt-to-Equity Range Over the Past 10 Years
Min: -46.52 Med: 0.26 Max: 0.97
Current: 0.12

During the past 7 years, the highest Debt-to-Equity Ratio of OneConnect Financial Technology Co was 0.97. The lowest was -46.52. And the median was 0.26.

OCFT's Debt-to-Equity is ranked better than
61.62% of 2220 companies
in the Software industry
Industry Median: 0.21 vs OCFT: 0.12

OneConnect Financial Technology Co Debt-to-Equity Historical Data

The historical data trend for OneConnect Financial Technology Co'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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OneConnect Financial Technology Co Debt-to-Equity Chart

OneConnect Financial Technology Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.78

0.47

0.26

0.14

0.12

OneConnect Financial Technology Co 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															0.14	0.09	0.12	0.08	0.12

Competitive Comparison of OneConnect Financial Technology Co's Debt-to-Equity

For the Software - Application subindustry, OneConnect Financial Technology Co'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.

OneConnect Financial Technology Co's Debt-to-Equity Distribution in the Software Industry

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

* The bar in red indicates where OneConnect Financial Technology Co's Debt-to-Equity falls into.

OneConnect Financial Technology Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

OneConnect Financial Technology Co'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
	=	(46.084	+	3.961)	/	415.503
	=	0.12

OneConnect Financial Technology Co'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
	=	(46.084	+	3.961)	/	415.503
	=	0.12

OneConnect Financial Technology Co (NYSE:OCFT) 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.

OneConnect Financial Technology Co Debt-to-Equity Related Terms

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

OneConnect Financial Technology Co (OneConnect Financial Technology Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » OneConnect Financial Technology Co Ltd (NYSE:OCFT) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

06638:Hong Kong

Address

No.1 Tairan 7th Road, 10-14th Floor, Block A, Platinum Towers, Futian District, Shenzhen, CHN

Website

https://www.ocft.com

OneConnect Financial Technology Co Ltd is a provider of technology platforms. Its platform provides cloud-native technology solutions that integrate financial services with market technology. The company offers technology applications and technology-enabled business services to financial institutions in China. Its technology solutions cover multiple verticals in the financial services industry, including banking, insurance and asset management, across the full scope of their businesses from sales and marketing and risk management to customer services and operations, as well as technology infrastructures such as data management and cloud services. The firm operates in two segments namely Technology Solutions which is the key revenue driver and Virtual Bank Business.