Garden Stage (Garden Stage) Debt-to-Equity : 0.02 (As of Sep. 2023)

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What is Garden Stage Debt-to-Equity?

Garden Stage's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $0.03 Mil. Garden Stage's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $0.00 Mil. Garden Stage's Total Stockholders Equity for the quarter that ended in Sep. 2023 was $2.00 Mil. Garden Stage's debt to equity for the quarter that ended in Sep. 2023 was 0.02.

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

GSIW' s Debt-to-Equity Range Over the Past 10 Years
Min: -0.23 Med: 0.03 Max: 1.07
Current: 0.02

During the past 3 years, the highest Debt-to-Equity Ratio of Garden Stage was 1.07. The lowest was -0.23. And the median was 0.03.

GSIW's Debt-to-Equity is ranked better than
92.27% of 608 companies
in the Capital Markets industry
Industry Median: 0.375 vs GSIW: 0.02

Garden Stage Debt-to-Equity Historical Data

The historical data trend for Garden Stage'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.

Garden Stage Debt-to-Equity Chart

Garden Stage Annual Data

Trend

Mar21

Mar22

Mar23

Debt-to-Equity

1.07

0.04

Garden Stage Semi-Annual Data
	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial			N/A	1.07	-0.23	0.04	0.02

Competitive Comparison of Garden Stage's Debt-to-Equity

For the Capital Markets subindustry, Garden Stage'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.

Garden Stage's Debt-to-Equity Distribution in the Capital Markets Industry

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

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

Garden Stage Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Garden Stage'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
	=	(0.07	+	0)	/	1.947
	=	0.04

Garden Stage'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
	=	(0.032	+	0)	/	1.997
	=	0.02

Garden Stage (NAS:GSIW) 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.

Garden Stage Debt-to-Equity Related Terms

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

Garden Stage (Garden Stage) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Garden Stage Ltd (NAS:GSIW) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

141 Des Voeux Road Central, Room 201, 2/F, China Insurance Group Building, Hong Kong, HKG

Website

https://www.iwinsec.com

Garden Stage Ltd is a Hong Kong-based financial services provider principally engaged in the provision of placing and underwriting services; securities dealing and brokerage services; and asset management services. Its business is carried out through its wholly owned Operating Subsidiaries: a) I Win Securities, which is licensed to conduct Type 1 (dealing in securities) regulated activities under the SFO in Hong Kong, and b) I Win Asset Management, which is licensed to conduct Type 4 (advising on securities) and Type 9 (asset management) regulated activities under the SFO in Hong Kong.