Bright Smart Securitiesmmodities Group (HKSE:01428) Debt-to-Equity : 2.65 (As of Sep. 2024)

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What is Bright Smart Securitiesmmodities Group Debt-to-Equity?

Bright Smart Securitiesmmodities Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was HK$3,149.4 Mil. Bright Smart Securitiesmmodities Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was HK$24.7 Mil. Bright Smart Securitiesmmodities Group's Total Stockholders Equity for the quarter that ended in Sep. 2024 was HK$1,196.2 Mil. Bright Smart Securitiesmmodities Group's debt to equity for the quarter that ended in Sep. 2024 was 2.65.

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 Smart Securitiesmmodities Group's Debt-to-Equity or its related term are showing as below:

HKSE:01428' s Debt-to-Equity Range Over the Past 10 Years
Min: 1.08 Med: 2.45 Max: 13.46
Current: 2.65

During the past 13 years, the highest Debt-to-Equity Ratio of Bright Smart Securitiesmmodities Group was 13.46. The lowest was 1.08. And the median was 2.45.

HKSE:01428's Debt-to-Equity is ranked worse than
92.06% of 592 companies
in the Capital Markets industry
Industry Median: 0.29 vs HKSE:01428: 2.65

Bright Smart Securitiesmmodities Group Debt-to-Equity Historical Data

The historical data trend for Bright Smart Securitiesmmodities 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.

* Premium members only.

Bright Smart Securitiesmmodities Group Debt-to-Equity Chart

Bright Smart Securitiesmmodities Group Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

Get a 7-Day Free Trial

1.57

5.40

2.13

2.58

2.68

Bright Smart Securitiesmmodities Group Semi-Annual Data
	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
Debt-to-Equity	Get a 7-Day Free Trial															1.71	2.58	4.39	2.68	2.65

Competitive Comparison of Bright Smart Securitiesmmodities Group's Debt-to-Equity

For the Capital Markets subindustry, Bright Smart Securitiesmmodities 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.

Bright Smart Securitiesmmodities Group's Debt-to-Equity Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Bright Smart Securitiesmmodities Group's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Bright Smart Securitiesmmodities Group's Debt-to-Equity falls into.

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Bright Smart Securitiesmmodities Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Bright Smart Securitiesmmodities Group'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
	=	(3825.789	+	49.11)	/	1444.275
	=	2.68

Bright Smart Securitiesmmodities Group'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
	=	(3149.356	+	24.722)	/	1196.191
	=	2.65

Bright Smart Securitiesmmodities Group (HKSE:01428) 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 Smart Securitiesmmodities Group Debt-to-Equity Related Terms

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Bright Smart Securitiesmmodities Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Bright Smart Securities & Commodities Group Ltd (HKSE:01428) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

0BX:Germany

Address

71 Des Voeux Road Central, 10th Floor and 23rd Floor, Wing On House, Central, Hong Kong, HKG

Website

https://www.bsgroup.com.hk

Bright Smart Securities & Commodities Group Ltd is a company that provides financial services, including securities broking, margin financing, commodities & futures broking, bullion trading and leveraged foreign exchange trading. The company operates via three segments. The Securities broking segment offers broking services in securities traded in Hong Kong and select overseas markets and provides margin financing services to its broking customers. The Commodities and futures broking segment offers broking services in commodities and futures contracts traded in Hong Kong and overseas markets. The Bullion trading segment provides trading services in bullion contracts traded overseas. The company generates majority of its revenue from the Securities broking segment.

Executives

New Charming Holdings Limited	2101 Beneficial owner
Yip Mow Lum	2201 Interest of corporation controlled by you

Bright Smart Securitiesmmodities Group Headlines

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