Beijing Golden Times Media Technology (BJSE:834021) Debt-to-Equity : 0.05 (As of Mar. 2024)

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What is Beijing Golden Times Media Technology Debt-to-Equity?

Beijing Golden Times Media Technology's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥28.1 Mil. Beijing Golden Times Media Technology's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥7.7 Mil. Beijing Golden Times Media Technology's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥668.6 Mil. Beijing Golden Times Media Technology's debt to equity for the quarter that ended in Mar. 2024 was 0.05.

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 Beijing Golden Times Media Technology's Debt-to-Equity or its related term are showing as below:

BJSE:834021' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.02 Max: 0.96
Current: 0.05

During the past 11 years, the highest Debt-to-Equity Ratio of Beijing Golden Times Media Technology was 0.96. The lowest was 0.01. And the median was 0.02.

BJSE:834021's Debt-to-Equity is ranked better than
81.44% of 846 companies
in the Media - Diversified industry
Industry Median: 0.285 vs BJSE:834021: 0.05

Beijing Golden Times Media Technology Debt-to-Equity Historical Data

The historical data trend for Beijing Golden Times Media Technology'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.

Beijing Golden Times Media Technology Debt-to-Equity Chart

Beijing Golden Times Media Technology Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.01

0.02

0.04

0.07

Beijing Golden Times Media Technology Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															0.04	0.04	0.07	0.07	0.05

Competitive Comparison of Beijing Golden Times Media Technology's Debt-to-Equity

For the Entertainment subindustry, Beijing Golden Times Media Technology'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.

Beijing Golden Times Media Technology's Debt-to-Equity Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Beijing Golden Times Media Technology's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Beijing Golden Times Media Technology's Debt-to-Equity falls into.

Beijing Golden Times Media Technology Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Beijing Golden Times Media Technology'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
	=	(36.341	+	8.714)	/	666.154
	=	0.07

Beijing Golden Times Media Technology's Debt to Equity Ratio for the quarter that ended in Mar. 2024 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
	=	(28.129	+	7.748)	/	668.629
	=	0.05

Beijing Golden Times Media Technology (BJSE:834021) 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.

Beijing Golden Times Media Technology Debt-to-Equity Related Terms

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Beijing Golden Times Media Technology (BJSE:834021) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Beijing Golden Times Media Technology Corp Ltd (BJSE:834021) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

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Address

Shixing Street, Room B-0103, Floor 2, Building 3, Yard 30, Shijingshan District, Beijing, CHN, 100023

Website

https://www.bjljsy.com

Beijing Golden Times Media Technology Corp Ltd operates in the mobile Internet media entertainment ecosystem industry. The group conducts video content operations and electronic media distribution around the mobile Internet. The company has embedded hardware 8K professional decoder to provide technical support for the 8K live broadcast of the Beijing Radio and Television Station Winter Olympics.

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