Bairong (HKSE:06608) Debt-to-Equity : 0.03 (As of Dec. 2023)

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What is Bairong Debt-to-Equity?

Bairong's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$143 Mil. Bairong's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$15 Mil. Bairong's Total Stockholders Equity for the quarter that ended in Dec. 2023 was HK$4,856 Mil. Bairong's debt to equity for the quarter that ended in Dec. 2023 was 0.03.

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

HKSE:06608' s Debt-to-Equity Range Over the Past 10 Years
Min: -0.14 Med: -0.04 Max: 0.04
Current: 0.03

During the past 7 years, the highest Debt-to-Equity Ratio of Bairong was 0.04. The lowest was -0.14. And the median was -0.04.

HKSE:06608's Debt-to-Equity is ranked better than
86.86% of 2207 companies
in the Software industry
Industry Median: 0.2 vs HKSE:06608: 0.03

Bairong Debt-to-Equity Historical Data

The historical data trend for Bairong'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.

Bairong Debt-to-Equity Chart

Bairong Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

-0.14

-0.10

0.04

0.03

Bairong Semi-Annual Data
	Dec17	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial						0.04	0.03	0.03	0.04	0.03

Competitive Comparison of Bairong's Debt-to-Equity

For the Software - Infrastructure subindustry, Bairong'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.

Bairong's Debt-to-Equity Distribution in the Software Industry

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

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

Bairong Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Bairong'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
	=	(142.656	+	15.406)	/	4855.503
	=	0.03

Bairong'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
	=	(142.656	+	15.406)	/	4855.503
	=	0.03

Bairong (HKSE:06608) 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.

Bairong Debt-to-Equity Related Terms

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

Bairong (HKSE:06608) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Bairong Inc (HKSE:06608) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

6B5:Germany

Address

No.10 Furong Street, 1-3/F, Tower A, Chaoyang District, Beijing, CHN

Website

https://www.brgroup.com

Bairong Inc is an independent AI-powered technology platform in China serving the financial services industry. It is driven by science and technology, and continuously explores the scenarios and applications of cutting-edge technologies such as artificial intelligence, cloud computing, and blockchain in the financial field, empowering financial institutions to innovate and transform digitally, and help financial inclusion.

Executives

Hong Jing	2201 Interest of corporation controlled by you
Zhang Shaofeng	2101 Beneficial owner
Genisage Tech Inc.	2101 Beneficial owner
Genisage Holdings Limited	2201 Interest of corporation controlled by you
Tmf (cayman) Ltd.	2301 Trustee
Zhuhai Gaoling Tiancheng Investment Management Co., Ltd.	2201 Interest of corporation controlled by you
Tianjin Gltc Enterprise Management Consultation, L.p.	2201 Interest of corporation controlled by you
Hh Br-i Holdings Limited	2101 Beneficial owner
China International Capital Corporation Limited	2201 Interest of corporation controlled by you
Shanghai Zhexuan Investment Partnership (l.p.)	2201 Interest of corporation controlled by you
Beijing Sequoia Xinyuan Equity Investment Partnership (l.p.)	2201 Interest of corporation controlled by you
Max Elegant Limited	2101 Beneficial owner
Sequoia Capital Equity Investment Management (tianjin) Limited	2201 Interest of corporation controlled by you
Tianjin Sequoia Huanrong Enterprise Management Consulting Center L.p.	2201 Interest of corporation controlled by you
Zhou Kui	2201 Interest of corporation controlled by you

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