Be Friends Holding (HKSE:01450) Debt-to-Equity : 0.50 (As of Jun. 2024)

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What is Be Friends Holding Debt-to-Equity?

Be Friends Holding's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was HK$154 Mil. Be Friends Holding's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was HK$66 Mil. Be Friends Holding's Total Stockholders Equity for the quarter that ended in Jun. 2024 was HK$440 Mil. Be Friends Holding's debt to equity for the quarter that ended in Jun. 2024 was 0.50.

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 Be Friends Holding's Debt-to-Equity or its related term are showing as below:

HKSE:01450' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.23 Med: 0.76 Max: 2.78
Current: 0.58

During the past 12 years, the highest Debt-to-Equity Ratio of Be Friends Holding was 2.78. The lowest was 0.23. And the median was 0.76.

HKSE:01450's Debt-to-Equity is ranked worse than
75.01% of 2209 companies
in the Software industry
Industry Median: 0.2 vs HKSE:01450: 0.58

Be Friends Holding Debt-to-Equity Historical Data

The historical data trend for Be Friends 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.

Be Friends Holding Debt-to-Equity Chart

Be Friends Holding Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Debt-to-Equity

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2.25

2.78

1.62

0.57

0.58

Be Friends Holding Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Debt-to-Equity	Get a 7-Day Free Trial															1.62	0.77	0.57	0.50	0.58

Competitive Comparison of Be Friends Holding's Debt-to-Equity

For the Software - Application subindustry, Be Friends 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.

Be Friends Holding's Debt-to-Equity Distribution in the Software Industry

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

* The bar in red indicates where Be Friends Holding's Debt-to-Equity falls into.

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Be Friends Holding Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Be Friends Holding'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
	=	(138.927	+	45.872)	/	325.413
	=	0.57

Be Friends Holding's Debt to Equity Ratio for the quarter that ended in Jun. 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
	=	(153.881	+	66.079)	/	439.889
	=	0.50

Be Friends Holding (HKSE:01450) 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.

Be Friends Holding Debt-to-Equity Related Terms

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

Be Friends Holding Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Be Friends Holding Ltd (HKSE:01450) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 601 Qiuyi Road Changhe Street, Building 5, (Zhejiang) Pilot Free Trade Zone, Binjiang District, Hangzhou, CHN, 310056

Website

https://www.befriends.com.cn

Be Friends Holding Ltd engaged in the provision of new media services; application solutions; sales of self-developed products; and system maintenance services, for the all-media industry in the People's Republic of China (the PRC). The Group has operations mainly in the PRC. The company's segments include New media services; and Television broadcasting business. It derives the majority of its revenue from the New media services segment.

Executives

Li Jun
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Lu Jiayao
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Xiao Xin	2401 A concert party to an agreement to buy shares
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Liao Dong
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Wu Yongming
Teng Rongsong

Be Friends Holding Headlines

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