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Zhong Yang Financial Group (FRA:X8J) Debt-to-Equity : 0.00 (As of Sep. 2023)


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What is Zhong Yang Financial Group Debt-to-Equity?

Zhong Yang Financial Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was €0.00 Mil. Zhong Yang Financial Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was €0.12 Mil. Zhong Yang Financial Group's Total Stockholders Equity for the quarter that ended in Sep. 2023 was €36.50 Mil. Zhong Yang Financial Group's debt to equity for the quarter that ended in Sep. 2023 was 0.00.

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 Zhong Yang Financial Group's Debt-to-Equity or its related term are showing as below:

During the past 4 years, the highest Debt-to-Equity Ratio of Zhong Yang Financial Group was 0.04. The lowest was 0.00. And the median was 0.01.

FRA:X8J's Debt-to-Equity is not ranked *
in the Capital Markets industry.
Industry Median: 0.355
* Ranked among companies with meaningful Debt-to-Equity only.

Zhong Yang Financial Group Debt-to-Equity Historical Data

The historical data trend for Zhong Yang Financial 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.

Zhong Yang Financial Group Debt-to-Equity Chart

Zhong Yang Financial Group Annual Data
Trend Mar20 Mar21 Mar22 Mar23
Debt-to-Equity
- - 0.02 -

Zhong Yang Financial Group Semi-Annual Data
Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23
Debt-to-Equity Get a 7-Day Free Trial 0.04 0.02 0.01 - -

Competitive Comparison of Zhong Yang Financial Group's Debt-to-Equity

For the Capital Markets subindustry, Zhong Yang Financial 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.

Zhong Yang Financial Group's Debt-to-Equity Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Zhong Yang Financial Group's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Zhong Yang Financial Group's Debt-to-Equity falls into.


Zhong Yang Financial Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Zhong Yang Financial 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 + 0.14) / 33.578
=0.00

Zhong Yang Financial 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 + 0.12) / 36.5
=0.00

* 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.

Zhong Yang Financial Group  (FRA:X8J) 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.

Zhong Yang Financial Group Debt-to-Equity Related Terms

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

Zhong Yang Financial Group (FRA:X8J) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Zhong Yang Financial Group Ltd (FRA:X8J) » Definitions » Debt-to-Equity
Comparable Companies
HGBL CRKRD BTBT MDBH CURN IREN SIEB SRL MATH MFH MS GS SCHW SHSE:600030 ASX:MQG BSP:BPAC3 SHSE:601066 RJF TW SHSE:601688
Traded in Other Exchanges
TOP:USA
Address
118 Connaught Road West, Room 1101, Hong Kong, HKG
Website
https://www.zyfgl.com
TOP Financial Group Ltd is an online brokerage firm in Hong Kong specializing in the trading of local and overseas equities, futures, and options products. The company operates in only one segment which is the futures brokerage service.

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