ETS Group (HKSE:08031) Debt-to-Equity : 0.01 (As of Jun. 2024)

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What is ETS Group Debt-to-Equity?

ETS Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was HK$0.28 Mil. ETS Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was HK$0.12 Mil. ETS Group's Total Stockholders Equity for the quarter that ended in Jun. 2024 was HK$45.71 Mil. ETS Group's debt to equity for the quarter that ended in Jun. 2024 was 0.01.

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

HKSE:08031' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.07 Max: 0.16
Current: 0.01

During the past 13 years, the highest Debt-to-Equity Ratio of ETS Group was 0.16. The lowest was 0.00. And the median was 0.07.

HKSE:08031's Debt-to-Equity is ranked better than
99.89% of 914 companies
in the Business Services industry
Industry Median: 0.37 vs HKSE:08031: 0.01

ETS Group Debt-to-Equity Historical Data

The historical data trend for ETS 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.

ETS Group Debt-to-Equity Chart

ETS Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.09

0.05

0.09

0.13

0.01

ETS Group Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Jun24
Debt-to-Equity	Get a 7-Day Free Trial															N/A	0.10	N/A	0.01	0.01

Competitive Comparison of ETS Group's Debt-to-Equity

For the Staffing & Employment Services subindustry, ETS 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.

ETS Group's Debt-to-Equity Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, ETS Group's Debt-to-Equity distribution charts can be found below:

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

ETS Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

ETS 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
	=	(0.274	+	0.262)	/	42.885
	=	0.01

ETS Group'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
	=	(0.28	+	0.122)	/	45.71
	=	0.01

ETS Group (HKSE:08031) 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.

ETS Group Debt-to-Equity Related Terms

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

ETS Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » ETS Group Ltd (HKSE:08031) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

1163 Canton Road, 4th Floor, China Paint Building, Mongkok, Kowloon, HKG

Website

http://www.etsgroup.com.hk

ETS Group Ltd is engaged in the business of providing comprehensive multi-media contact services and contact center systems. It has its services in six operating segments: Outsourcing inbound contact service, Outsourcing outbound contact service, Staff insourcing service, Contact service centre & service centre facilities management service, Financial services, and others segment. Key revenue is earned from Staff insourcing services.

Executives

Pine Care Group Limited	2201 Interest of corporation controlled by you
Pine Care Titanium Limited	2101 Beneficial owner
Chime Corporation Limited	2201 Interest of corporation controlled by you
Jong Yat Kit (in The Capacity As The Receiver)	2304 Executor or administrator
Wong Tak Wai	2304 Executor or administrator
Tang Yiu Sing	2304 Executor or administrator
Tang Yiu Man Raymond	2304 Executor or administrator

ETS Group Headlines

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