Bingo Software Co (SHSE:688227) Debt-to-Equity : 0.08 (As of Mar. 2024)

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What is Bingo Software Co Debt-to-Equity?

Bingo Software Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥100.0 Mil. Bingo Software Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥14.7 Mil. Bingo Software Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥1,380.9 Mil. Bingo Software Co's debt to equity for the quarter that ended in Mar. 2024 was 0.08.

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 Bingo Software Co's Debt-to-Equity or its related term are showing as below:

SHSE:688227' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.04 Med: 0.1 Max: 0.46
Current: 0.08

During the past 7 years, the highest Debt-to-Equity Ratio of Bingo Software Co was 0.46. The lowest was 0.04. And the median was 0.10.

SHSE:688227's Debt-to-Equity is ranked better than
69.27% of 2216 companies
in the Software industry
Industry Median: 0.21 vs SHSE:688227: 0.08

Bingo Software Co Debt-to-Equity Historical Data

The historical data trend for Bingo Software Co'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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Bingo Software Co Debt-to-Equity Chart

Bingo Software Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.43

0.12

0.06

0.04

Bingo Software Co Quarterly Data
	Mar19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															0.04	0.04	0.04	0.04	0.08

Competitive Comparison of Bingo Software Co's Debt-to-Equity

For the Software - Infrastructure subindustry, Bingo Software Co'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.

Bingo Software Co's Debt-to-Equity Distribution in the Software Industry

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

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

Bingo Software Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Bingo Software Co'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
	=	(48.988	+	5.257)	/	1415.204
	=	0.04

Bingo Software Co's Debt to Equity Ratio for the quarter that ended in Mar. 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
	=	(99.991	+	14.671)	/	1380.925
	=	0.08

Bingo Software Co (SHSE:688227) 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.

Bingo Software Co Debt-to-Equity Related Terms

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

Bingo Software Co (SHSE:688227) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Bingo Software Co Ltd (SHSE:688227) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 17, Software Road, Building G1, Gaotang Software Industry Base, Tianhe District, Guangdong Province, Guangzhou, CHN, 510663

Website

https://www.bingosoft.net

Bingo Software Co Ltd is a cloud computing and industry information service provider. It holds cloud computing-centric basic products such as BingoCloudOS, BingoFuse, BingoInsight, BingoLink and others. The types of products and services include cloud product sales, cloud leasing services, cloud solutions and industry information services.

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