Gogox Holdings (HKSE:02246) Debt-to-Equity : 0.04 (As of Jun. 2023)

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What is Gogox Holdings Debt-to-Equity?

Gogox Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was HK$14.7 Mil. Gogox Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was HK$20.5 Mil. Gogox Holdings's Total Stockholders Equity for the quarter that ended in Jun. 2023 was HK$947.3 Mil. Gogox Holdings's debt to equity for the quarter that ended in Jun. 2023 was 0.04.

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

HKSE:02246' s Debt-to-Equity Range Over the Past 10 Years
Min: -0.07 Med: 0 Max: 0.04
Current: 0.06

During the past 6 years, the highest Debt-to-Equity Ratio of Gogox Holdings was 0.04. The lowest was -0.07. And the median was 0.00.

HKSE:02246's Debt-to-Equity is ranked better than
74.9% of 2223 companies
in the Software industry
Industry Median: 0.21 vs HKSE:02246: 0.06

Gogox Holdings Debt-to-Equity Historical Data

The historical data trend for Gogox 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.

Gogox Holdings Debt-to-Equity Chart

Gogox Holdings Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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-0.01

-0.07

0.01

0.06

Gogox Holdings Semi-Annual Data
	Dec18	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial				-	0.01	0.01	0.04	0.06

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

For the Software - Application subindustry, Gogox 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.

Gogox Holdings's Debt-to-Equity Distribution in the Software Industry

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

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

Gogox Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Gogox Holdings's Debt to Equity Ratio for the fiscal year that ended in Dec. 2022 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
	=	(8.542	+	14.549)	/	1658.15
	=	0.01

Gogox Holdings's Debt to Equity Ratio for the quarter that ended in Jun. 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
	=	(14.65	+	20.54)	/	947.345
	=	0.04

Gogox Holdings (HKSE:02246) 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.

Gogox Holdings Debt-to-Equity Related Terms

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Gogox Holdings (HKSE:02246) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Gogox Holdings Ltd (HKSE:02246) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

A1F:Germany

Address

No.7 Rongyuan Road, Room 212, Building C, Kaide Building Complex, Huayuan Industrial Park, Binhai Hi-tech Zone, Tianjin, CHN

Website

https://www.gogoxholdings.com

Gogox Holdings Ltd is a online intra-city logistics platform in Asia. It owns and operates two highly-recognized, well-trusted brands in the online intra-city logistics space: Kuaigou Dache in mainland China and GOGOX in other countries and regions in Asia. The Group it has reportable segments as i) Chinese mainland operations and ii) Hong Kong and overseas operations.

Gogox Holdings (HKSE:02246) Headlines

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