Sound Group (Sound Group) Debt-to-Equity : 0.06 (As of Sep. 2023)

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What is Sound Group Debt-to-Equity?

Sound Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $2.8 Mil. Sound Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $0.8 Mil. Sound Group's Total Stockholders Equity for the quarter that ended in Sep. 2023 was $58.6 Mil. Sound Group's debt to equity for the quarter that ended in Sep. 2023 was 0.06.

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

SOGP' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.05 Med: 0.26 Max: 0.4
Current: 0.06

During the past 6 years, the highest Debt-to-Equity Ratio of Sound Group was 0.40. The lowest was 0.05. And the median was 0.26.

SOGP's Debt-to-Equity is ranked better than
71.26% of 428 companies
in the Interactive Media industry
Industry Median: 0.15 vs SOGP: 0.06

Sound Group Debt-to-Equity Historical Data

The historical data trend for Sound Group'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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Sound Group Debt-to-Equity Chart

Sound Group Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Debt-to-Equity

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0.26

0.39

0.26

Sound Group Quarterly Data
	Sep18	Dec18	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial															0.20	0.26	0.18	0.05	0.06

Competitive Comparison of Sound Group's Debt-to-Equity

For the Internet Content & Information subindustry, Sound Group'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.

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

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

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

Sound Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Sound Group'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
	=	(13.216	+	1.175)	/	56.324
	=	0.26

Sound Group'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
	=	(2.784	+	0.792)	/	58.571
	=	0.06

Sound Group (NAS:SOGP) 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.

Sound Group Debt-to-Equity Related Terms

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Sound Group (Sound Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Sound Group Inc (NAS:SOGP) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Yangcheng Creative Industry Zone, No. 309 Middle Huangpu Avenue, Tianhe District, Guangzhou, CHN, 510655

Website

https://www.lizhi.fm

Lizhi Inc is engaged in the operation of providing audio entertainment, podcast, advertising, and others in the People's Republic of China. The company aims to bring people closer together through voices through its product portfolios. It offers LIZHI App, an online UGC audio community, an interactive audio entertainment platform, and an online audio platform in China. The group's revenues comprise audio entertainment revenue, podcast, advertising, and other revenue. It derives a majority of its revenue from the People's Republic of China.