Bright Future Technology Holdings (HKSE:01351) Debt-to-Equity : 1.19 (As of Dec. 2023)

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What is Bright Future Technology Holdings Debt-to-Equity?

Bright Future Technology Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$156.5 Mil. Bright Future Technology Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$35.4 Mil. Bright Future Technology Holdings's Total Stockholders Equity for the quarter that ended in Dec. 2023 was HK$161.1 Mil. Bright Future Technology Holdings's debt to equity for the quarter that ended in Dec. 2023 was 1.19.

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 Bright Future Technology Holdings's Debt-to-Equity or its related term are showing as below:

HKSE:01351' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.13 Med: 0.29 Max: 1.19
Current: 1.19

During the past 7 years, the highest Debt-to-Equity Ratio of Bright Future Technology Holdings was 1.19. The lowest was 0.13. And the median was 0.29.

HKSE:01351's Debt-to-Equity is ranked worse than
81.2% of 835 companies
in the Media - Diversified industry
Industry Median: 0.28 vs HKSE:01351: 1.19

Bright Future Technology Holdings Debt-to-Equity Historical Data

The historical data trend for Bright Future Technology Holdings'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.

Bright Future Technology Holdings Debt-to-Equity Chart

Bright Future Technology Holdings Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.27

0.29

0.99

1.19

Bright Future Technology Holdings Semi-Annual Data
	Dec17	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial						0.29	0.20	0.99	1.09	1.19

Competitive Comparison of Bright Future Technology Holdings's Debt-to-Equity

For the Advertising Agencies subindustry, Bright Future Technology Holdings'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.

Bright Future Technology Holdings's Debt-to-Equity Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Bright Future Technology Holdings's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Bright Future Technology Holdings's Debt-to-Equity falls into.

Bright Future Technology Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Bright Future Technology Holdings's Debt to Equity Ratio for the fiscal year 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
	=	(156.511	+	35.397)	/	161.125
	=	1.19

Bright Future Technology Holdings'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
	=	(156.511	+	35.397)	/	161.125
	=	1.19

Bright Future Technology Holdings (HKSE:01351) 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.

Bright Future Technology Holdings Debt-to-Equity Related Terms

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

Bright Future Technology Holdings (HKSE:01351) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Bright Future Technology Holdings Ltd (HKSE:01351) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Xinghai Mingcheng Community, Rooms 201-02 & 201-03, Phase 7, Nantou Jiedao Nanshan District, Shenzhen, CHN

Website

http://www.btomorrow.cn

Bright Future Technology Holdings Ltd is a mobile advertising company offering one-stop and tailor-made advertising services to customers in China. It is engaged in the provision of intelligent marketing solutions services in the PRC. It offers customers comprehensive mobile advertising services from promotion planning, advertisement production, and placement to post-publication monitoring to optimize the promotional effectiveness for customers. Its customers have advertising needs at mobile internet media, either for maximizing exposure of their products through advertising or to achieve specific advertising results.

Executives

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Shen Ming	2201 Interest of corporation controlled by you
Hu Si Mian	2202 Interest of your spouse

Bright Future Technology Holdings (HKSE:01351) Headlines

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