Global Mastermind Holdings (HKSE:08063) Debt-to-Equity : 0.69 (As of Dec. 2023)

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What is Global Mastermind Holdings Debt-to-Equity?

Global Mastermind Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$100.00 Mil. Global Mastermind Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$0.00 Mil. Global Mastermind Holdings's Total Stockholders Equity for the quarter that ended in Dec. 2023 was HK$145.02 Mil. Global Mastermind Holdings's debt to equity for the quarter that ended in Dec. 2023 was 0.69.

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

HKSE:08063' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.21 Max: 0.69
Current: 0.69

During the past 13 years, the highest Debt-to-Equity Ratio of Global Mastermind Holdings was 0.69. The lowest was 0.01. And the median was 0.21.

HKSE:08063's Debt-to-Equity is ranked better than
62.79% of 430 companies
in the Credit Services industry
Industry Median: 1.17 vs HKSE:08063: 0.69

Global Mastermind Holdings Debt-to-Equity Historical Data

The historical data trend for Global Mastermind 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.

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Global Mastermind Holdings Debt-to-Equity Chart

Global Mastermind Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.37

0.56

0.29

0.56

0.69

Global Mastermind Holdings Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															0.56	N/A	0.57	N/A	0.69

Competitive Comparison of Global Mastermind Holdings's Debt-to-Equity

For the Credit Services subindustry, Global Mastermind 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.

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

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

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

Global Mastermind Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Global Mastermind 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
	=	(100	+	0)	/	145.023
	=	0.69

Global Mastermind 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
	=	(100	+	0)	/	145.023
	=	0.69

Global Mastermind Holdings (HKSE:08063) 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.

Global Mastermind Holdings Debt-to-Equity Related Terms

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Global Mastermind Holdings (HKSE:08063) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Global Mastermind Holdings Ltd (HKSE:08063) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

168-200 Connaught Road Central, Unit 1201, 12th Floor, West Tower, Shun Tak Centre, Hong Kong, HKG

Website

https://www.globalmholdings.com

Global Mastermind Holdings Ltd is an investment holding company. The company's operating segments include Travel business; Treasury management business; Money lending business; Brokerage business; Asset management business and Corporate finance advisory business. It generates maximum revenue from the Money lending business segment. Geographically, the company derives the majority of its revenue from Hong Kong.

Executives

Eternity Investment Limited	2201 Interest of corporation controlled by you
Heng Tai Consumables Group Limited	2201 Interest of corporation controlled by you
Heng Tai Finance Limited	2101 Beneficial owner

Global Mastermind Holdings (HKSE:08063) Headlines

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