EDTK (Skillful Craftsman Education Technology) Debt-to-Equity : 0.70 (As of Sep. 2024)

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What is Skillful Craftsman Education Technology Debt-to-Equity?

Skillful Craftsman Education Technology's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $0.10 Mil. Skillful Craftsman Education Technology's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $13.42 Mil. Skillful Craftsman Education Technology's Total Stockholders Equity for the quarter that ended in Sep. 2024 was $19.19 Mil. Skillful Craftsman Education Technology's debt to equity for the quarter that ended in Sep. 2024 was 0.70.

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 Skillful Craftsman Education Technology's Debt-to-Equity or its related term are showing as below:

EDTK' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.3 Med: 0.52 Max: 0.7
Current: 0.7

During the past 7 years, the highest Debt-to-Equity Ratio of Skillful Craftsman Education Technology was 0.70. The lowest was 0.30. And the median was 0.52.

EDTK's Debt-to-Equity is ranked worse than
69.83% of 232 companies
in the Education industry
Industry Median: 0.3 vs EDTK: 0.70

Skillful Craftsman Education Technology Debt-to-Equity Historical Data

The historical data trend for Skillful Craftsman Education Technology'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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Skillful Craftsman Education Technology Debt-to-Equity Chart

Skillful Craftsman Education Technology Annual Data

Trend

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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0.30

0.52

0.62

Skillful Craftsman Education Technology Semi-Annual Data
	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
Debt-to-Equity	Get a 7-Day Free Trial									0.32	0.52	0.52	0.62	0.70

Competitive Comparison of Skillful Craftsman Education Technology's Debt-to-Equity

For the Education & Training Services subindustry, Skillful Craftsman Education Technology'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.

Skillful Craftsman Education Technology's Debt-to-Equity Distribution in the Education Industry

For the Education industry and Consumer Defensive sector, Skillful Craftsman Education Technology's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Skillful Craftsman Education Technology's Debt-to-Equity falls into.

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Skillful Craftsman Education Technology Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Skillful Craftsman Education Technology's Debt to Equity Ratio for the fiscal year that ended in Mar. 2024 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	+	13.251)	/	21.499
	=	0.62

Skillful Craftsman Education Technology's Debt to Equity Ratio for the quarter that ended in Sep. 2024 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
	=	(0.1	+	13.416)	/	19.194
	=	0.70

Skillful Craftsman Education Technology (NAS:EDTK) 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.

Skillful Craftsman Education Technology Debt-to-Equity Related Terms

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Skillful Craftsman Education Technology Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Skillful Craftsman Education Technology Ltd (NAS:EDTK) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 311, Yanxin Road, Floor 4, Building 1, Jiangsu Province, Huishan District, Wuxi, CHN, 214000

Website

https://www.kingwayup.com

Skillful Craftsman Education Technology Ltd provides online education and technology services in China. The services comprises of two aspects - Online vocational training and Virtual simulation experimental training. It covers a wide range of subjects, including mechanics, electronics, auto repair and construction. Majority of its revenues are generated from the People's Republic of China.