Joy Spreader Group (HKSE:06988) Debt-to-Equity : 0.03 (As of Dec. 2023)

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What is Joy Spreader Group Debt-to-Equity?

Joy Spreader Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$15 Mil. Joy Spreader Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$27 Mil. Joy Spreader Group's Total Stockholders Equity for the quarter that ended in Dec. 2023 was HK$1,599 Mil. Joy Spreader Group'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 Joy Spreader Group's Debt-to-Equity or its related term are showing as below:

HKSE:06988' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.03 Max: 0.1
Current: 0.03

During the past 7 years, the highest Debt-to-Equity Ratio of Joy Spreader Group was 0.10. The lowest was 0.01. And the median was 0.03.

HKSE:06988's Debt-to-Equity is ranked better than
87.54% of 843 companies
in the Media - Diversified industry
Industry Median: 0.29 vs HKSE:06988: 0.03

Joy Spreader Group Debt-to-Equity Historical Data

The historical data trend for Joy Spreader 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.

Joy Spreader Group Debt-to-Equity Chart

Joy Spreader Group Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.03

0.01

0.02

0.03

Joy Spreader Group Semi-Annual Data
	Dec17	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial						0.01	0.02	0.02	0.02	0.03

Competitive Comparison of Joy Spreader Group's Debt-to-Equity

For the Advertising Agencies subindustry, Joy Spreader 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.

Joy Spreader Group's Debt-to-Equity Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Joy Spreader Group's Debt-to-Equity distribution charts can be found below:

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

Joy Spreader Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Joy Spreader Group'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
	=	(14.665	+	26.694)	/	1599.342
	=	0.03

Joy Spreader Group'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
	=	(14.665	+	26.694)	/	1599.342
	=	0.03

Joy Spreader Group (HKSE:06988) 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.

Joy Spreader Group Debt-to-Equity Related Terms

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

Joy Spreader Group (HKSE:06988) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Joy Spreader Group Inc (HKSE:06988) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

5YN:Germany

Address

Wangjing Jinhui Building, 27th Floor, Chaoyang District, Beijing, CHN

Website

http://www.joyspreader.com

Joy Spreader Group Inc is a mobile new media performance-based marketing technology company in China. The company's segments include the Provision of performance-based we-media marketing services segment which mainly comprises the provision of these marketing services to help its marketing customers direct to consumer, acquire new users and sales orders, and realise product promotion on a diverse we-media network; and the Sales of E-commerce goods segment which comprises the sales of E-commerce goods on an online basis. The Others segment comprises the provision of the culture related services.

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