51 Credit Card (HKSE:02051) Debt-to-Equity : 0.27 (As of Dec. 2023)

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What is 51 Credit Card Debt-to-Equity?

51 Credit Card's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$0.00 Mil. 51 Credit Card's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$210.39 Mil. 51 Credit Card's Total Stockholders Equity for the quarter that ended in Dec. 2023 was HK$793.76 Mil. 51 Credit Card's debt to equity for the quarter that ended in Dec. 2023 was 0.27.

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 51 Credit Card's Debt-to-Equity or its related term are showing as below:

HKSE:02051' s Debt-to-Equity Range Over the Past 10 Years
Min: -0.15 Med: 0.17 Max: 0.27
Current: 0.27

During the past 9 years, the highest Debt-to-Equity Ratio of 51 Credit Card was 0.27. The lowest was -0.15. And the median was 0.17.

HKSE:02051's Debt-to-Equity is ranked better than
77.73% of 431 companies
in the Credit Services industry
Industry Median: 1.13 vs HKSE:02051: 0.27

51 Credit Card Debt-to-Equity Historical Data

The historical data trend for 51 Credit Card'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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51 Credit Card Debt-to-Equity Chart

51 Credit Card Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.09

0.21

0.26

0.27

51 Credit Card Semi-Annual Data
	Dec15	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial											0.26	0.24	0.27	0.26	0.27

Competitive Comparison of 51 Credit Card's Debt-to-Equity

For the Credit Services subindustry, 51 Credit Card'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.

51 Credit Card's Debt-to-Equity Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, 51 Credit Card's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where 51 Credit Card's Debt-to-Equity falls into.

51 Credit Card Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

51 Credit Card'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	+	210.387)	/	793.755
	=	0.27

51 Credit Card'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	+	210.387)	/	793.755
	=	0.27

51 Credit Card (HKSE:02051) 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.

51 Credit Card Debt-to-Equity Related Terms

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51 Credit Card (HKSE:02051) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » 51 Credit Card Inc (HKSE:02051) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

2JY:Germany

Address

No. 588 Wenyi West Road, Building B3, CECEP Xixi Center, Xihu District, Zhejiang, Hangzhou, CHN

Website

https://www.u51.com

51 Credit Card Inc is an investment holding company. Along with its subsidiaries, it is engaged in providing one-stop personal financial technology services and SaaS services, covering personal credit management, credit card technology services and online credit facilitation and investment services in China. The firm derives revenue from Credit facilitation and service fee, Payment service fee, Credit card technology service fee, SaaS service fee and Other revenue. A majority of its revenue gets derived through Credit facilitation and service fee. The majority of the group's activities are carried out in Mainland China.

Executives

Shen Guojun	2307 Founder of a discretionary trust who can infl
Cantrust (far East) Limited	2301 Trustee
East Jump Management Limited	2101 Beneficial owner
Weihan Evergreen Limited	2201 Interest of corporation controlled by you
Sun Haitao	2501 Other
Hang Zhou Zhen Niu Xin Xi Ke Ji You Xian Gong Si	2106 Person having a security interest in shares
Xin Yong Ka You Xian Gong Si	2201 Interest of corporation controlled by you
51 Credit Card (china) Limited	2201 Interest of corporation controlled by you
Rising Sun Limited	2501 Other
The Core Trust Company Limited	2301 Trustee
Tct (bvi) Limited	2501 Other
51 Stock Limited	2306 Nominee for another person
Tmf (cayman) Ltd.	2301 Trustee
Wukong Ltd.	2501 Other
51 Award Limited	2306 Nominee for another person

51 Credit Card (HKSE:02051) Headlines

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