Fire Rock Holdings (HKSE:01909) Debt-to-Equity : 0.01 (As of Dec. 2023)

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What is Fire Rock Holdings Debt-to-Equity?

Fire Rock Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$0.7 Mil. Fire Rock Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$0.5 Mil. Fire Rock Holdings's Total Stockholders Equity for the quarter that ended in Dec. 2023 was HK$131.1 Mil. Fire Rock Holdings's debt to equity for the quarter that ended in Dec. 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 Fire Rock Holdings's Debt-to-Equity or its related term are showing as below:

HKSE:01909' s Debt-to-Equity Range Over the Past 10 Years
Min: -1.36 Med: 0.01 Max: 0.03
Current: 0.01

During the past 10 years, the highest Debt-to-Equity Ratio of Fire Rock Holdings was 0.03. The lowest was -1.36. And the median was 0.01.

HKSE:01909's Debt-to-Equity is ranked better than
99.76% of 417 companies
in the Interactive Media industry
Industry Median: 0.16 vs HKSE:01909: 0.01

Fire Rock Holdings Debt-to-Equity Historical Data

The historical data trend for Fire Rock 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.

* Premium members only.

Fire Rock Holdings Debt-to-Equity Chart

Fire Rock Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.03

0.01

-1.34

-1.36

0.01

Fire Rock Holdings Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial														-1.34	-1.37	-1.36	N/A	0.01

Competitive Comparison of Fire Rock Holdings's Debt-to-Equity

For the Electronic Gaming & Multimedia subindustry, Fire Rock 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.

Fire Rock Holdings's Debt-to-Equity Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Fire Rock Holdings's Debt-to-Equity distribution charts can be found below:

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

Fire Rock Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Fire Rock 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
	=	(0.708	+	0.507)	/	131.072
	=	0.01

Fire Rock 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
	=	(0.708	+	0.507)	/	131.072
	=	0.01

Fire Rock Holdings (HKSE:01909) 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.

Fire Rock Holdings Debt-to-Equity Related Terms

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

Fire Rock Holdings (HKSE:01909) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Fire Rock Holdings Ltd (HKSE:01909) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

20 Science Park Road, Unit 02–25 Teletech Park, Singapore, SGP, 117674

Website

http://www.firerock.hk

Fire Rock Holdings Ltd is an investment holding company engaged in the development of browser and mobile games. It is also involved in game design, programming, and graphics and licensing game products to other game operators. Its segments are Game & software development and Game operation. The company offers games in different language versions. The games of the company include g-game, number drop, kings and legends, heroines of three kingdoms and hero's crown, and much more. Its geographical segments are the People's Republic of China, Europe, Asia Pacific, and North America.

Executives

Zhang Yan	2201 Interest of corporation controlled by you
Sulfulon International Limited	2101 Beneficial owner
Hu Po	2101 Beneficial owner
Zhang Xiongfeng	2101 Beneficial owner

Fire Rock Holdings (HKSE:01909) Headlines

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