Alpha Technology Group (Alpha Technology Group) Debt-to-Equity : 0.09 (As of Sep. 2023)

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What is Alpha Technology Group Debt-to-Equity?

Alpha Technology Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $0.09 Mil. Alpha Technology Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $0.14 Mil. Alpha Technology Group's Total Stockholders Equity for the quarter that ended in Sep. 2023 was $2.48 Mil. Alpha Technology Group's debt to equity for the quarter that ended in Sep. 2023 was 0.09.

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 Alpha Technology Group's Debt-to-Equity or its related term are showing as below:

ATGL' s Debt-to-Equity Range Over the Past 10 Years
Min: -2.09 Med: -0.6 Max: 0.09
Current: 0.09

During the past 3 years, the highest Debt-to-Equity Ratio of Alpha Technology Group was 0.09. The lowest was -2.09. And the median was -0.60.

ATGL's Debt-to-Equity is ranked better than
67.3% of 2223 companies
in the Software industry
Industry Median: 0.21 vs ATGL: 0.09

Alpha Technology Group Debt-to-Equity Historical Data

The historical data trend for Alpha Technology 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.

Alpha Technology Group Debt-to-Equity Chart

Alpha Technology Group Annual Data

Trend

Sep21

Sep22

Sep23

Debt-to-Equity

-2.09

-0.60

0.09

Alpha Technology Group Semi-Annual Data
	Sep21	Mar22	Sep22	Mar23	Sep23
Debt-to-Equity	-2.09	N/A	-0.60	0.09	0.09

Competitive Comparison of Alpha Technology Group's Debt-to-Equity

For the Software - Infrastructure subindustry, Alpha Technology 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.

Alpha Technology Group's Debt-to-Equity Distribution in the Software Industry

For the Software industry and Technology sector, Alpha Technology Group's Debt-to-Equity distribution charts can be found below:

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

Alpha Technology Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Alpha Technology Group's Debt to Equity Ratio for the fiscal year 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
	=	(0.087	+	0.135)	/	2.475
	=	0.09

Alpha Technology 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
	=	(0.087	+	0.135)	/	2.475
	=	0.09

Alpha Technology Group (NAS:ATGL) 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.

Alpha Technology Group Debt-to-Equity Related Terms

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

Alpha Technology Group (Alpha Technology Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Alpha Technology Group Ltd (NAS:ATGL) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

52 Hung To Road, Unit B, 12th floor, Kwun Tong, Kowloon, Hong Kong, HKG

Website

https://www.techlution.io

Alpha Technology Group Ltd operates through its subsidiaries, which are established cloud-based IT solution service providers in Hong Kong. Its Operating Subsidiaries utilize its analytic skills, programming skills, artificial intelligence technologies and technological know-how to provide comprehensive solutions designed to optimize the business performance of customers, meet various industry-specific operational challenges of customers and create new business opportunities for customers. The Operating Subsidiaries provide services for customers from a variety of industries, including consulting, real estate, architectural design, carpark management, electronic payment services, logistics, investments, retail, textiles, wholesale and distribution, etc.

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