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Magic Empire Global (Magic Empire Global) Debt-to-Equity : 0.01 (As of Dec. 2023)


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What is Magic Empire Global Debt-to-Equity?

Magic Empire Global's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.22 Mil. Magic Empire Global's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.00 Mil. Magic Empire Global's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $17.19 Mil. Magic Empire Global'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 Magic Empire Global's Debt-to-Equity or its related term are showing as below:

MEGL' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01   Med: 0.32   Max: 0.99
Current: 0.01

During the past 4 years, the highest Debt-to-Equity Ratio of Magic Empire Global was 0.99. The lowest was 0.01. And the median was 0.32.

MEGL's Debt-to-Equity is ranked better than
99.84% of 608 companies
in the Capital Markets industry
Industry Median: 0.38 vs MEGL: 0.01

Magic Empire Global Debt-to-Equity Historical Data

The historical data trend for Magic Empire Global'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.

Magic Empire Global Debt-to-Equity Chart

Magic Empire Global Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Debt-to-Equity
0.61 0.99 0.03 0.01

Magic Empire Global Semi-Annual Data
Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Debt-to-Equity Get a 7-Day Free Trial 0.99 1.53 0.03 0.02 0.01

Competitive Comparison of Magic Empire Global's Debt-to-Equity

For the Capital Markets subindustry, Magic Empire Global'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.

Magic Empire Global's Debt-to-Equity Distribution in the Capital Markets Industry

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

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


Magic Empire Global Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Magic Empire Global'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
=(0.224 + 0) / 17.192
=0.01

Magic Empire Global'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
=(0.224 + 0) / 17.192
=0.01

* 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.

Magic Empire Global  (NAS:MEGL) 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.

Magic Empire Global Debt-to-Equity Related Terms

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

Magic Empire Global (Magic Empire Global) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Magic Empire Global Ltd (NAS:MEGL) » Definitions » Debt-to-Equity
Comparable Companies
TCJH BTCS ATIF MIGI COHN BETS SAI OLKR PHIL CRMZ MS GS SCHW SHSE:600030 ASX:MQG BSP:BPAC3 SHSE:601066 RJF TW SHSE:601688
Traded in Other Exchanges
N/A
Address
3/F, 8 Wyndham Street, Central, Hong Kong, HKG
Website
https://www.meglmagic.com
Magic Empire Global Ltd is a financial services provider in Hong Kong which principally engaged in the provision of corporate finance advisory services and underwriting services.