Pax Global Technology (HKSE:00327) Debt-to-Equity : 0.02 (As of Dec. 2023)

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What is Pax Global Technology Debt-to-Equity?

Pax Global Technology's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$24 Mil. Pax Global Technology's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$84 Mil. Pax Global Technology's Total Stockholders Equity for the quarter that ended in Dec. 2023 was HK$7,458 Mil. Pax Global Technology's debt to equity for the quarter that ended in Dec. 2023 was 0.01.

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

HKSE:00327' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.02 Max: 0.02
Current: 0.02

During the past 13 years, the highest Debt-to-Equity Ratio of Pax Global Technology was 0.02. The lowest was 0.00. And the median was 0.02.

HKSE:00327's Debt-to-Equity is ranked better than
93.97% of 2622 companies
in the Industrial Products industry
Industry Median: 0.29 vs HKSE:00327: 0.02

Pax Global Technology Debt-to-Equity Historical Data

The historical data trend for Pax Global 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.

Pax Global Technology Debt-to-Equity Chart

Pax Global Technology Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.02

0.01

0.02

Pax Global Technology Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															0.02	0.02	0.01	0.01	0.02

Competitive Comparison of Pax Global Technology's Debt-to-Equity

For the Business Equipment & Supplies subindustry, Pax Global 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.

Pax Global Technology's Debt-to-Equity Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Pax Global Technology's Debt-to-Equity distribution charts can be found below:

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

Pax Global Technology Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Pax Global 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
	=	(23.89	+	84.325)	/	7458.067
	=	0.01

Pax Global Technology's Debt to Equity Ratio for the quarter 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
	=	(23.89	+	84.325)	/	7458.067
	=	0.01

Pax Global Technology (HKSE:00327) 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.

Pax Global Technology Debt-to-Equity Related Terms

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

Pax Global Technology (HKSE:00327) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Pax Global Technology Ltd (HKSE:00327) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

PXGYF:USA P8X:Germany

Address

30 Harbour Road, 25th Floor, Room 2504, Sun Hung Kai Centre, Wanchai, Hong Kong, HKG

Website

https://www.paxglobal.com.hk

Pax Global Technology Ltd sells a variety of electronic payment devices. The company's products can be organized into three categories based on product type. The E-payment terminals, which generate the majority of revenue, are wireless handheld devices that enable users to pay through the swipe through or insert of a credit or debit card. The E-payment terminals are used by restaurants and retailers. The consumer activated devices are used to support a variety of connection options for the E-payment terminals. Contactless devices enable users to pay without having to swipe or insert a card.

Pax Global Technology (HKSE:00327) Headlines

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