Readboy Education Holding Co (HKSE:02385) Debt-to-Equity : 0.12 (As of Dec. 2023)

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What is Readboy Education Holding Co Debt-to-Equity?

Readboy Education Holding Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$62.9 Mil. Readboy Education Holding Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$2.4 Mil. Readboy Education Holding Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was HK$541.6 Mil. Readboy Education Holding Co's debt to equity for the quarter that ended in Dec. 2023 was 0.12.

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 Readboy Education Holding Co's Debt-to-Equity or its related term are showing as below:

HKSE:02385' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.05 Max: 0.48
Current: 0.12

During the past 5 years, the highest Debt-to-Equity Ratio of Readboy Education Holding Co was 0.48. The lowest was 0.00. And the median was 0.05.

HKSE:02385's Debt-to-Equity is ranked better than
73.66% of 224 companies
in the Education industry
Industry Median: 0.345 vs HKSE:02385: 0.12

Readboy Education Holding Co Debt-to-Equity Historical Data

The historical data trend for Readboy Education Holding 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.

* Premium members only.

Readboy Education Holding Co Debt-to-Equity Chart

Readboy Education Holding Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

0.05

0.01

0.48

0.12

Readboy Education Holding Co Semi-Annual Data
	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial			0.48	0.79	-	0.10	0.12

Competitive Comparison of Readboy Education Holding Co's Debt-to-Equity

For the Education & Training Services subindustry, Readboy Education Holding 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.

Readboy Education Holding Co's Debt-to-Equity Distribution in the Education Industry

For the Education industry and Consumer Defensive sector, Readboy Education Holding Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Readboy Education Holding Co's Debt-to-Equity falls into.

Readboy Education Holding Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Readboy Education Holding 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
	=	(62.904	+	2.403)	/	541.594
	=	0.12

Readboy Education Holding Co'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
	=	(62.904	+	2.403)	/	541.594
	=	0.12

Readboy Education Holding Co (HKSE:02385) 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.

Readboy Education Holding Co Debt-to-Equity Related Terms

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Readboy Education Holding Co (HKSE:02385) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Readboy Education Holding Co Ltd (HKSE:02385) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 38, Changyi Road, Wuguishan, Guangdong Province, Zhongshan, CHN

Website

https://www.readboy.com

Readboy Education Holding Co Ltd is an investment holding company engaged in the production and sale of personal student tablets, smart classroom solutions, wearable products, other products, and advertisement and content licensing in the People's Republic of China. The company has five operating segments; Production and sale of personal student tablets, Production and sale of smart classroom solutions, Production and sale of wearable products, Production and sale of other products, and Advertisement and content licensing. It derives a majority of its revenue from the production and sale of personal student tablets in the People's Republic of China.

Readboy Education Holding Co (HKSE:02385) Headlines

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