Finet Group (HKSE:08317) Debt-to-Equity : 0.01 (As of Sep. 2023)

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What is Finet Group Debt-to-Equity?

Finet Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was HK$0.69 Mil. Finet Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was HK$0.00 Mil. Finet Group's Total Stockholders Equity for the quarter that ended in Sep. 2023 was HK$54.07 Mil. Finet Group's debt to equity for the quarter that ended in Sep. 2023 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 Finet Group's Debt-to-Equity or its related term are showing as below:

HKSE:08317' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.41 Max: 1.27
Current: 0.01

During the past 13 years, the highest Debt-to-Equity Ratio of Finet Group was 1.27. The lowest was 0.01. And the median was 0.41.

HKSE:08317's Debt-to-Equity is ranked better than
99.89% of 928 companies
in the Business Services industry
Industry Median: 0.37 vs HKSE:08317: 0.01

Finet Group Debt-to-Equity Historical Data

The historical data trend for Finet 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.

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Finet Group Debt-to-Equity Chart

Finet Group Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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0.38

0.58

1.14

0.44

1.04

Finet Group Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial															0.36	N/A	1.04	N/A	0.01

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

For the Specialty Business Services subindustry, Finet 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.

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

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

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

Finet Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Finet Group's Debt to Equity Ratio for the fiscal year that ended in Mar. 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
	=	(2.637	+	24.018)	/	25.746
	=	1.04

Finet Group's Debt to Equity Ratio for the quarter that ended in Sep. 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
	=	(0.692	+	0)	/	54.07
	=	0.01

Finet Group (HKSE:08317) 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.

Finet Group Debt-to-Equity Related Terms

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

Finet Group (HKSE:08317) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Finet Group Ltd (HKSE:08317) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

77-79 Gloucester Road, 30th Floor, Fortis Tower, Wanchai, Hong Kong, HKG

Website

http://ir.finet.hk/en

Finet Group Ltd is an investment holding company. The company has four business segments namely Financial Information, Advertising and Investor Relationship Service Business; Securities and Futures Business; Money Lending Business; and Property Investment Business. The Financial Information, Advertising and Investor Relationship Service Business segment involves in the development, production, and provision of financial information services and technology solutions to investors, corporate and retail clients. The Securities and Futures segment specializes in the provision of online securities and futures trading. The Money Lending Business segment engages in lending. The Property Investment segment involves in the real estate business.

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