Qifu Technology (Qifu Technology) Debt-to-Equity : 0.04 (As of Dec. 2023)

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What is Qifu Technology Debt-to-Equity?

Qifu Technology's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $116 Mil. Qifu Technology's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0 Mil. Qifu Technology's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $3,072 Mil. Qifu Technology's debt to equity for the quarter that ended in Dec. 2023 was 0.04.

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

QFIN' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.03 Max: 0.04
Current: 0.04

During the past 8 years, the highest Debt-to-Equity Ratio of Qifu Technology was 0.04. The lowest was 0.01. And the median was 0.03.

QFIN's Debt-to-Equity is ranked better than
93.75% of 432 companies
in the Credit Services industry
Industry Median: 1.18 vs QFIN: 0.04

Qifu Technology Debt-to-Equity Historical Data

The historical data trend for Qifu 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.

Qifu Technology Debt-to-Equity Chart

Qifu Technology Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.03

0.02

0.03

0.01

0.04

Qifu Technology Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															0.01	0.01	0.01	0.04	0.04

Competitive Comparison of Qifu Technology's Debt-to-Equity

For the Credit Services subindustry, Qifu 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.

Qifu Technology's Debt-to-Equity Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Qifu Technology's Debt-to-Equity distribution charts can be found below:

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

Qifu Technology Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Qifu 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
	=	(115.925	+	0)	/	3072.391
	=	0.04

Qifu 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
	=	(115.925	+	0)	/	3072.391
	=	0.04

Qifu Technology (NAS:QFIN) 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.

Qifu Technology Debt-to-Equity Related Terms

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Qifu Technology (Qifu Technology) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Qifu Technology Inc (NAS:QFIN) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

03660:Hong Kong

Address

No. 1217 Dongfang Road, 7th Floor Lujiazui Finance Plaza, Pudong New Area, Shanghai, CHN, 200122

Website

https://www.qifu.tech

Qifu Technology Inc is a Credit-Tech platform in China. It provides credit services more accessible and personalized to consumers and SMEs through Credit-Tech services to financial institutions, whereby it deploys its technology solutions to help financial institutions identify the diversified needs of consumers and SMEs, effectively access prospective borrowers that are creditworthy through multi-channels, enhance credit assessment on prospective borrowers, and manage credit risks and improve collection strategies and efficiency, among others.