GoFintech Innovation (HKSE:00290) Debt-to-Equity : 0.09 (As of Sep. 2023)

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What is GoFintech Innovation Debt-to-Equity?

GoFintech Innovation's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was HK$29.54 Mil. GoFintech Innovation's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was HK$0.01 Mil. GoFintech Innovation's Total Stockholders Equity for the quarter that ended in Sep. 2023 was HK$324.80 Mil. GoFintech Innovation's debt to equity for the quarter that ended in Sep. 2023 was 0.09.

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

HKSE:00290' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.09 Med: 1.11 Max: 2.59
Current: 0.09

During the past 13 years, the highest Debt-to-Equity Ratio of GoFintech Innovation was 2.59. The lowest was 0.09. And the median was 1.11.

HKSE:00290's Debt-to-Equity is ranked better than
60.56% of 284 companies
in the Diversified Financial Services industry
Industry Median: 0.125 vs HKSE:00290: 0.09

GoFintech Innovation Debt-to-Equity Historical Data

The historical data trend for GoFintech Innovation'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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GoFintech Innovation Debt-to-Equity Chart

GoFintech Innovation Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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1.29

1.55

1.03

0.71

0.12

GoFintech Innovation Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial															0.71	0.71	0.15	0.12	0.09

Competitive Comparison of GoFintech Innovation's Debt-to-Equity

For the Financial Conglomerates subindustry, GoFintech Innovation'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.

GoFintech Innovation's Debt-to-Equity Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, GoFintech Innovation's Debt-to-Equity distribution charts can be found below:

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

GoFintech Innovation Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

GoFintech Innovation's Debt to Equity Ratio for the fiscal year that ended in Mar. 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
	=	(34.653	+	2.123)	/	296.469
	=	0.12

GoFintech Innovation'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
	=	(29.538	+	0.009)	/	324.802
	=	0.09

GoFintech Innovation (HKSE:00290) 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.

GoFintech Innovation Debt-to-Equity Related Terms

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

GoFintech Innovation (HKSE:00290) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » GoFintech Innovation Ltd (HKSE:00290) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

183 Queen’s Road Central, 41st Floor COSCO Tower, Units No. 4102-06, Hong Kong, HKG

Website

https://www.290.com.hk

GoFintech Innovation Ltd is a cross-border financial service platform based in Hong Kong and relying on the mainland. Its main business includes Securities brokerage and margin financing, Corporate finance, Money lending, Consultancy and insurance brokerage, Asset management, and Equity investment. The majority of the revenue derives from the Asset management segment.

Executives

Liu Zhiwei	2101 Beneficial owner
Wang Tao	2101 Beneficial owner
Star Banner Development Company Limited	2101 Beneficial owner
Yu Dongge	2101 Beneficial owner
Riverhead Capital (international) Management Co., Ltd.	2101 Beneficial owner
Sun Zhuyin	2202 Interest of your spouse
Xie Zhichun	2201 Interest of corporation controlled by you
Santo Limited	2101 Beneficial owner
Santo Limited	2101 Beneficial owner
Jadehero Limited	2101 Beneficial owner
Southlead Limited	2201 Interest of corporation controlled by you
Liberal Expansion Limited	2201 Interest of corporation controlled by you
Whole Advance Limited	2201 Interest of corporation controlled by you
Zhao Xu Guang	2201 Interest of corporation controlled by you

GoFintech Innovation (HKSE:00290) Headlines

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