GLE (Global Engine Group Holding) Debt-to-Equity : 0.01 (As of Dec. 2023)

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What is Global Engine Group Holding Debt-to-Equity?

Global Engine Group Holding's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.02 Mil. Global Engine Group Holding's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.00 Mil. Global Engine Group Holding's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $1.57 Mil. Global Engine Group Holding's debt to equity for the quarter that ended in Dec. 2023 was 0.01.

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

GLE's Debt-to-Equity is not ranked ^*
in the Software industry.
Industry Median: 0.21
* Ranked among companies with meaningful Debt-to-Equity only.

Global Engine Group Holding Debt-to-Equity Historical Data

The historical data trend for Global Engine Group Holding'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.

Global Engine Group Holding Debt-to-Equity Chart

Global Engine Group Holding Annual Data

Trend

Jun20

Jun21

Jun22

Jun23

Debt-to-Equity

0.09

0.03

Global Engine Group Holding Quarterly Data
	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial			0.44	0.09	0.05	0.03	0.01

Competitive Comparison of Global Engine Group Holding's Debt-to-Equity

For the Information Technology Services subindustry, Global Engine Group Holding'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.

Global Engine Group Holding's Debt-to-Equity Distribution in the Software Industry

For the Software industry and Technology sector, Global Engine Group Holding's Debt-to-Equity distribution charts can be found below:

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

Global Engine Group Holding Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Global Engine Group Holding's Debt to Equity Ratio for the fiscal year that ended in Jun. 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
	=	(0.047	+	0)	/	1.476
	=	0.03

Global Engine Group Holding'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
	=	(0.022	+	0)	/	1.57
	=	0.01

Global Engine Group Holding (NAS:GLE) 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.

Global Engine Group Holding Debt-to-Equity Related Terms

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Global Engine Group Holding Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Global Engine Group Holding Ltd (NAS:GLE) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

Global Engine Group Holding Ltd offers integrated solutions by using ICT solutions to drive business outcomes and innovation. It serves primarily as a holding company for its operating subsidiary, Global Engine Limited. Its service offerings comprise services to telecom operators, including the one-stop shop purchase from telecom license application service to turnkey network setup as well as service outsourcing; business planning, development, technical and operations consulting programs structured to target the cloud computing and data center providers; system design, planning, development and operation services to technology companies; cloud platform deployment, IT system design and configuration services, maintenance services, data center colocation service and cloud service.

Global Engine Group Holding Headlines

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