Golden Sun Health Technology Group (Golden Sun Health Technology Group) Debt-to-Equity : 1.08 (As of Sep. 2023)

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What is Golden Sun Health Technology Group Debt-to-Equity?

Golden Sun Health Technology Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $0.60 Mil. Golden Sun Health Technology Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $4.19 Mil. Golden Sun Health Technology Group's Total Stockholders Equity for the quarter that ended in Sep. 2023 was $4.43 Mil. Golden Sun Health Technology Group's debt to equity for the quarter that ended in Sep. 2023 was 1.08.

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 Golden Sun Health Technology Group's Debt-to-Equity or its related term are showing as below:

GSUN' s Debt-to-Equity Range Over the Past 10 Years
Min: -0.99 Med: -0.22 Max: 1.08
Current: 1.08

During the past 5 years, the highest Debt-to-Equity Ratio of Golden Sun Health Technology Group was 1.08. The lowest was -0.99. And the median was -0.22.

GSUN's Debt-to-Equity is ranked worse than
79.02% of 224 companies
in the Education industry
Industry Median: 0.345 vs GSUN: 1.08

Golden Sun Health Technology Group Debt-to-Equity Historical Data

The historical data trend for Golden Sun Health Technology 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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Golden Sun Health Technology Group Debt-to-Equity Chart

Golden Sun Health Technology Group Annual Data

Trend

Sep19

Sep20

Sep21

Sep22

Sep23

Debt-to-Equity

-0.99

-0.22

-0.32

0.38

1.08

Golden Sun Health Technology Group Semi-Annual Data
	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial				-0.32	-0.35	0.38	0.82	1.08

Competitive Comparison of Golden Sun Health Technology Group's Debt-to-Equity

For the Education & Training Services subindustry, Golden Sun Health Technology 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.

Golden Sun Health Technology Group's Debt-to-Equity Distribution in the Education Industry

For the Education industry and Consumer Defensive sector, Golden Sun Health Technology Group's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Golden Sun Health Technology Group's Debt-to-Equity falls into.

Golden Sun Health Technology Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Golden Sun Health Technology Group's Debt to Equity Ratio for the fiscal year 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
	=	(0.6	+	4.192)	/	4.428
	=	1.08

Golden Sun Health Technology 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
	=	(0.6	+	4.192)	/	4.428
	=	1.08

Golden Sun Health Technology Group (NAS:GSUN) 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.

Golden Sun Health Technology Group Debt-to-Equity Related Terms

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Golden Sun Health Technology Group (Golden Sun Health Technology Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Golden Sun Health Technology Group Ltd (NAS:GSUN) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Profit Huiyin Square North Building, Huashan 2018, Unit 1001, Xuhui District, Shanghai, CHN

Website

https://www.jtyjyjt.com

Golden Sun Education Group Ltd is engaged in the provision of education and management services in the People's Republic of China. The company offers private school educational services and foreign language tutorial services and other education training management services. The firm operates four tutorial centers; Yangfushan Tutorial offers a Gaokao repeater tutorial program to high school students who retake Gaokao, Hongkou Tutorial offers various English and other foreign language tutorial programs, Jicai Tutorial offers non-English foreign language tutorial programs to individual students, companies, and other organizations and Zhouzhi Tutorial offers non-English foreign language tutorial programs to individual students, companies and other organizations.