VCredit Holdings (HKSE:02003) Debt-to-Equity : 1.35 (As of Dec. 2023)

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What is VCredit Holdings Debt-to-Equity?

VCredit Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$0 Mil. VCredit Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$6,148 Mil. VCredit Holdings's Total Stockholders Equity for the quarter that ended in Dec. 2023 was HK$4,559 Mil. VCredit Holdings's debt to equity for the quarter that ended in Dec. 2023 was 1.35.

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

HKSE:02003' s Debt-to-Equity Range Over the Past 10 Years
Min: -19.07 Med: 1.35 Max: 3.21
Current: 1.35

During the past 9 years, the highest Debt-to-Equity Ratio of VCredit Holdings was 3.21. The lowest was -19.07. And the median was 1.35.

HKSE:02003's Debt-to-Equity is ranked worse than
53.36% of 431 companies
in the Credit Services industry
Industry Median: 1.13 vs HKSE:02003: 1.35

VCredit Holdings Debt-to-Equity Historical Data

The historical data trend for VCredit 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.

VCredit Holdings Debt-to-Equity Chart

VCredit Holdings Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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3.21

2.09

2.07

1.19

1.35

VCredit Holdings Semi-Annual Data
	Dec15	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial											2.07	1.61	1.19	0.93	1.35

Competitive Comparison of VCredit Holdings's Debt-to-Equity

For the Credit Services subindustry, VCredit 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.

VCredit Holdings's Debt-to-Equity Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, VCredit Holdings's Debt-to-Equity distribution charts can be found below:

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

VCredit Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

VCredit 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
	=	(0	+	6148.277)	/	4558.756
	=	1.35

VCredit 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
	=	(0	+	6148.277)	/	4558.756
	=	1.35

VCredit Holdings (HKSE:02003) 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.

VCredit Holdings Debt-to-Equity Related Terms

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

VCredit Holdings (HKSE:02003) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » VCredit Holdings Ltd (HKSE:02003) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

5R6:Germany

Address

19/F Two Pacific Place, Suite 1918, 88 Queensway, Hong Kong, HKG, 200085

Website

https://www.vcredit.com

VCredit Holdings Ltd is an investment holding company and has one operating segment. The Group is a technology-driven consumer financial service provider in the People's Republic of China. The Group offers tailored consumer finance products to prime and near-prime borrowers who are underserved by traditional financial institutions. The Group also offers consumer finance products by facilitating transactions between borrowers and financial institutions.

Executives

Yu Shu Investment Vcc - Rain Tree Asia Equity Fund	2101 Beneficial owner
Ma Ting Hung	2201 Interest of corporation controlled by you
Liu Sai Wang Stephen	2201 Interest of corporation controlled by you
Perfect Castle Development Limited	2101 Beneficial owner
Skyworld-best Limited	2101 Beneficial owner
Cavamont Holdings Limited	2201 Interest of corporation controlled by you
Kwok Chang Shiu Feng	2201 Interest of corporation controlled by you
Kwok Peter Viem	2201 Interest of corporation controlled by you
High Loyal Management Limited	2501 Other
Kwok Lim Ying	2201 Interest of corporation controlled by you
Magic Mount Limited	2101 Beneficial owner
Tpg Group Holdings (sbs), L.p.	2201 Interest of corporation controlled by you
Atlantis China Star Fund Ii Limited	2101 Beneficial owner
Tpg Holdings Iii-a, L.p.	2201 Interest of corporation controlled by you
Tpg Holdings Iii-a, Inc.	2201 Interest of corporation controlled by you

VCredit Holdings (HKSE:02003) Headlines

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