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Wah Fu Education Group (Wah Fu Education Group) Debt-to-Equity : 0.04 (As of Sep. 2023)


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What is Wah Fu Education Group Debt-to-Equity?

Wah Fu Education Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $0.22 Mil. Wah Fu Education Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $0.23 Mil. Wah Fu Education Group's Total Stockholders Equity for the quarter that ended in Sep. 2023 was $11.19 Mil. Wah Fu Education Group's debt to equity for the quarter that ended in Sep. 2023 was 0.04.

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 Wah Fu Education Group's Debt-to-Equity or its related term are showing as below:

WAFU' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01   Med: 0.04   Max: 0.08
Current: 0.04

During the past 7 years, the highest Debt-to-Equity Ratio of Wah Fu Education Group was 0.08. The lowest was 0.01. And the median was 0.04.

WAFU's Debt-to-Equity is ranked better than
89.73% of 224 companies
in the Education industry
Industry Median: 0.345 vs WAFU: 0.04

Wah Fu Education Group Debt-to-Equity Historical Data

The historical data trend for Wah Fu Education Group'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.

Wah Fu Education Group Debt-to-Equity Chart

Wah Fu Education Group Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Debt-to-Equity
Get a 7-Day Free Trial - 0.07 0.04 0.01 0.04

Wah Fu Education Group Semi-Annual Data
Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23
Debt-to-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.02 0.01 0.04 0.04 0.04

Competitive Comparison of Wah Fu Education Group's Debt-to-Equity

For the Education & Training Services subindustry, Wah Fu Education Group'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.

Wah Fu Education Group's Debt-to-Equity Distribution in the Education Industry

For the Education industry and Consumer Defensive sector, Wah Fu Education Group's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Wah Fu Education Group's Debt-to-Equity falls into.


Wah Fu Education Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Wah Fu Education Group's Debt to Equity Ratio for the fiscal year that ended in Mar. 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
=(0.21 + 0.203) / 11.701
=0.04

Wah Fu Education Group's Debt to Equity Ratio for the quarter that ended in Sep. 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
=(0.219 + 0.228) / 11.193
=0.04

* 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.

Wah Fu Education Group  (NAS:WAFU) 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.

Wah Fu Education Group Debt-to-Equity Related Terms

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Wah Fu Education Group (Wah Fu Education Group) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Wah Fu Education Group Ltd (NAS:WAFU) » Definitions » Debt-to-Equity
Comparable Companies
GV LEAI BTCT CLEU GSUN AMBO ASPU EEIQ QOEG BRWC AIU EDU TAL HKSE:01797 ASX:IEL LOPE SZSE:002607 GHC COUR LRN
Traded in Other Exchanges
N/A
Address
No. 13 Deshengmenwai Street, L207b, Hesheng Fortune Plaza, Xicheng District, Beijing, CHN, 100088
Website
https://www.edu-edu.com
Wah Fu Education Group Ltd is involved in providing online exam preparation services and related technology solutions and also produces online training course materials in China. It develops online educational materials that are offered through the cloud and that can be used for a wide range of purposes, such as standard examination preparation, professional training, and interactive programs for educational purposes other than exam preparation. Its segments are Online Education Services, and Technological Development and Operation Service. The company generates maximum revenue from the Online Education Services segment.