Upbest Group (HKSE:00335) Debt-to-Equity : 0.02 (As of Sep. 2023)

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What is Upbest Group Debt-to-Equity?

Upbest Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was HK$48.8 Mil. Upbest Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was HK$0.0 Mil. Upbest Group's Total Stockholders Equity for the quarter that ended in Sep. 2023 was HK$2,758.4 Mil. Upbest Group'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 Upbest Group's Debt-to-Equity or its related term are showing as below:

HKSE:00335' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.02 Max: 0.11
Current: 0.02

During the past 13 years, the highest Debt-to-Equity Ratio of Upbest Group was 0.11. The lowest was 0.00. And the median was 0.02.

HKSE:00335's Debt-to-Equity is ranked better than
92.27% of 608 companies
in the Capital Markets industry
Industry Median: 0.38 vs HKSE:00335: 0.02

Upbest Group Debt-to-Equity Historical Data

The historical data trend for Upbest 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.

Upbest Group Debt-to-Equity Chart

Upbest Group Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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0.11

0.10

0.09

0.05

Upbest Group Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial															0.09	0.09	0.08	0.05	0.02

Competitive Comparison of Upbest Group's Debt-to-Equity

For the Capital Markets subindustry, Upbest 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.

Upbest Group's Debt-to-Equity Distribution in the Capital Markets Industry

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

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

Upbest Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Upbest 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
	=	(139.336	+	0)	/	2762.469
	=	0.05

Upbest 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
	=	(48.792	+	0)	/	2758.389
	=	0.02

Upbest Group (HKSE:00335) 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.

Upbest Group Debt-to-Equity Related Terms

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

Upbest Group (HKSE:00335) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Upbest Group Ltd (HKSE:00335) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

300 Des Voeux Road Central, 2nd Floor, Wah Kit Commercial Centre, Hong Kong, HKG

Website

https://www.upbest.com

Upbest Group Ltd is an investment holding company. The principal activity of the Company is investment holding. Its subsidiaries are principally engaged in securities broking, futures broking, securities margin financing, money lending, corporate finance advisory, assets management, precious metal trading, and property investment. The company's operating segment includes Broking, Financing, corporate finance, assets management, properties investment, and precious metal trading the firm generates the majority of its revenue from property investment. geographically the majority of its revenues come from Hongkong.

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