Sea (SE) Debt-to-Equity

: 0.68 (As of Dec. 2023)

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Sea's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $589 Mil. Sea's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $3,859 Mil. Sea's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $6,594 Mil. Sea's debt to equity for the quarter that ended in Dec. 2023 was 0.67.

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 Sea's Debt-to-Equity or its related term are showing as below:

SE' s Debt-to-Equity Range Over the Past 10 Years
Min: -4.38 Med: 0.62 Max: 1.55
Current: 0.68

During the past 10 years, the highest Debt-to-Equity Ratio of Sea was 1.55. The lowest was -4.38. And the median was 0.62.

SE's Debt-to-Equity is ranked worse than
52.44% of 1003 companies
in the Retail - Cyclical industry
Industry Median: 0.64 vs SE: 0.68

Sea Debt-to-Equity Historical Data

The historical data trend for Sea'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.

Sea Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

1.37

0.62

0.58

0.79

0.68

Sea Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity																0.79	0.74	0.70	0.71	0.68

Competitive Comparison

For the Internet Retail subindustry, Sea'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.

Sea Debt-to-Equity Distribution

For the Retail - Cyclical industry and Consumer Cyclical sector, Sea's Debt-to-Equity distribution charts can be found below:

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

Sea Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Sea'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
	=	(589.213	+	3858.622)	/	6593.83
	=	0.67

Sea'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
	=	(589.213	+	3858.622)	/	6593.83
	=	0.67

Sea (NYSE:SE) 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.

Sea Debt-to-Equity Related Terms

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

Sea (SE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Sea Ltd (NYSE:SE) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

SE:Mexico 0A3T:UK 931:Germany 931:Germany S2EA34:Brazil

Address

1 Fusionopolis Place, No. 17-10, Galaxis, Singapore, SGP, 138522

Website

https://www.sea.com

Sea operates Southeast Asia's largest e-commerce company, Shopee, in terms of gross merchandise value and number of transactions. Sea started as a gaming business, Garena, but in 2015 expanded into e-commerce, which is now the main growth driver. Shopee is a hybrid C2C and B2C marketplace platform operating in eight core markets. Indonesia accounts for 35% of GMV, with the rest split mainly among Taiwan, Vietnam, Thailand, Malaysia, and the Philippines. For Garena, Free Fire was the most downloaded game in January 2022 and accounted for 74% of gaming revenue in 2021. Sea's third business, SeaMoney, provides mostly credit lending.