BetterLife Holding (HKSE:06909) Debt-to-Equity : 0.27 (As of Dec. 2023)

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What is BetterLife Holding Debt-to-Equity?

BetterLife Holding's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$517 Mil. BetterLife Holding's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$281 Mil. BetterLife Holding's Total Stockholders Equity for the quarter that ended in Dec. 2023 was HK$2,946 Mil. BetterLife Holding's debt to equity for the quarter that ended in Dec. 2023 was 0.27.

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 BetterLife Holding's Debt-to-Equity or its related term are showing as below:

HKSE:06909' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.16 Med: 0.32 Max: 1.13
Current: 0.27

During the past 6 years, the highest Debt-to-Equity Ratio of BetterLife Holding was 1.13. The lowest was 0.16. And the median was 0.32.

HKSE:06909's Debt-to-Equity is ranked better than
66.86% of 1177 companies
in the Vehicles & Parts industry
Industry Median: 0.48 vs HKSE:06909: 0.27

BetterLife Holding Debt-to-Equity Historical Data

The historical data trend for BetterLife Holding'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.

BetterLife Holding Debt-to-Equity Chart

BetterLife Holding Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.84

0.31

0.16

0.33

0.27

BetterLife Holding Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial					0.16	0.30	0.33	0.50	0.27

Competitive Comparison of BetterLife Holding's Debt-to-Equity

For the Auto & Truck Dealerships subindustry, BetterLife Holding'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.

BetterLife Holding's Debt-to-Equity Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, BetterLife Holding's Debt-to-Equity distribution charts can be found below:

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

BetterLife Holding Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

BetterLife Holding'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
	=	(517.304	+	281.36)	/	2945.985
	=	0.27

BetterLife Holding'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
	=	(517.304	+	281.36)	/	2945.985
	=	0.27

BetterLife Holding (HKSE:06909) 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.

BetterLife Holding Debt-to-Equity Related Terms

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BetterLife Holding (HKSE:06909) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » BetterLife Holding Ltd (HKSE:06909) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1 Donghuan North Road, Beijing Economic and Technological Development Area, Beijing, CHN

Website

https://www.blchina.com

BetterLife Holding Ltd is an automobile dealership service provider in China focusing on luxury and ultra-luxury brands. The company operates dealership stores for the brands Porsche, Mercedes-Benz, BMW, Audi, Bentley, Jaguar-Land Rover, and Volvo. It offers a comprehensive range of automobile-related products and services, including the sale of automobiles consisting of mainly imported and domestically manufactured petroleum models, after-sales services which consist of repair and maintenance services, the sale of accessories and other automobile-related products, insurance agency services and automobile license plate registration services, and it also provides other automobile-related value-added services like automobile financing and pre-owned automobile brokerage services.

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