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JOYY (WBO:JOYY) Debt-to-Equity

: 0.10 (As of Sep. 2023)
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JOYY's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was €456 Mil. JOYY's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was €18 Mil. JOYY's Total Stockholders Equity for the quarter that ended in Sep. 2023 was €4,740 Mil. JOYY's debt to equity for the quarter that ended in Sep. 2023 was 0.10.

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

WBO:JOYY' s Debt-to-Equity Range Over the Past 10 Years
Min: 0   Med: 0.17   Max: 1.31
Current: 0.1

During the past 13 years, the highest Debt-to-Equity Ratio of JOYY was 1.31. The lowest was 0.00. And the median was 0.17.

WBO:JOYY's Debt-to-Equity is ranked better than
62.47% of 421 companies
in the Interactive Media industry
Industry Median: 0.16 vs WBO:JOYY: 0.10

JOYY Debt-to-Equity Historical Data

The historical data trend for JOYY'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.

JOYY Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 0.17 0.15 0.17 0.18

JOYY 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 Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.17 0.18 0.18 0.10 0.10
Competitive Comparison

For the Internet Content & Information subindustry, JOYY'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.

JOYY Debt-to-Equity Distribution

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

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


JOYY Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

JOYY'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
=(457.659 + 399.099) / 4888.237
=0.18

JOYY'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
=(456.445 + 18.416) / 4740.074
=0.10

* 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.

JOYY  (WBO:JOYY) 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.

JOYY Debt-to-Equity Related Terms

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

JOYY (WBO:JOYY) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » JOYY Inc (WBO:JOYY) » Definitions » Debt-to-Equity
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Traded in Other Exchanges
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Address
30 Pasir Panjang Road, No. 15-31A, Mapletree Business City, Singapore, SGP, 117440
Website
https://ir.joyy.sg
JOYY Inc is a global technology company offering comprehensive innovation capabilities. The company enables users to interact with others in real time. The group is actively exploring and expanding its global commerce Software-as-a-Service and solutions business. JOYY emphasizes technological innovation and is recognized in the industry for its significant number of patent applications and licenses.