Quality Online Education Group (Quality Online Education Group) Debt-to-Equity : -0.13 (As of May. 2023)

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What is Quality Online Education Group Debt-to-Equity?

Quality Online Education Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in May. 2023 was $0.44 Mil. Quality Online Education Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in May. 2023 was $0.00 Mil. Quality Online Education Group's Total Stockholders Equity for the quarter that ended in May. 2023 was $-3.39 Mil. Quality Online Education Group's debt to equity for the quarter that ended in May. 2023 was -0.13.

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 Quality Online Education Group's Debt-to-Equity or its related term are showing as below:

QOEG' s Debt-to-Equity Range Over the Past 10 Years
Min: -0.7 Med: -0.14 Max: 54.19
Current: -0.13

During the past 10 years, the highest Debt-to-Equity Ratio of Quality Online Education Group was 54.19. The lowest was -0.70. And the median was -0.14.

QOEG's Debt-to-Equity is not ranked
in the Education industry.
Industry Median: 0.345 vs QOEG: -0.13

Quality Online Education Group Debt-to-Equity Historical Data

The historical data trend for Quality Online Education 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.

Quality Online Education Group Debt-to-Equity Chart

Quality Online Education Group Annual Data

Trend

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Aug13

Aug14

Aug21

Aug22

Debt-to-Equity

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-0.66

54.19

2.52

-0.42

-0.16

Quality Online Education Group Quarterly Data
	Mar12	Jun12	Sep12	Dec12	Mar13	Aug13	Nov13	Feb14	May14	Aug14	Nov14	Feb15	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23
Debt-to-Equity	Get a 7-Day Free Trial															N/A	-0.16	-0.16	-0.20	-0.13

Competitive Comparison of Quality Online Education Group's Debt-to-Equity

For the Education & Training Services subindustry, Quality Online Education 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.

Quality Online Education Group's Debt-to-Equity Distribution in the Education Industry

For the Education industry and Consumer Defensive sector, Quality Online Education Group's Debt-to-Equity distribution charts can be found below:

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

Quality Online Education Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Quality Online Education Group's Debt to Equity Ratio for the fiscal year that ended in Aug. 2022 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
	=	(0.161	+	0)	/	-0.982
	=	-0.16

Quality Online Education Group's Debt to Equity Ratio for the quarter that ended in May. 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
	=	(0.442	+	0)	/	-3.388
	=	-0.13

Quality Online Education Group (OTCPK:QOEG) 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.

Quality Online Education Group Debt-to-Equity Related Terms

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

Quality Online Education Group (Quality Online Education Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Quality Online Education Group Inc (OTCPK:QOEG) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

55 Commerce Valley Dr. West, Thornhill, ON, CAN, L3T7V9

Website

https://www.qualityonline.education

Quality Online Education Group Inc is a e-Learning company that provides comprehensive online English lessons to students in China and expanding to other markets where English education is sought after. The company is a pioneer and industry leader in providing real-time online small group classes. The main business scope of the Group includes K12 English Online education services, courseware development and education-technology platform development. The students achieve noticeable and quantifiable results, by delivery of quality education from passionate team of teachers and teaching assistants, based in North America and the Philippines.

Executives

Amanda Anderson	director	UNITS 2611-13A, 26/F, 113 ARGYLE STREET, MONGKOK, KOWLOON K3 SAR
Fu Kei Man Derek	director	2611-13A, 26/F, 113 ARGYLE STREET, MONGKOK, KOWLOON K3 SAR
Yin Yee Tso	director, officer: Chief Operating Officer	UNITS 2611-13A, 26/F, 113 ARGYLE STREET, MONGKOK, KOWLOON K3 SAR
Wing Yee Tong	10 percent owner	UNITS 2611-13A, 26/F, 113 ARGYLE STREET, MONGKOK, KOWLOON K3 SAR
Lai Ying Li	director, officer: Chairman, CEO, CFO and Sec.	UNITS 2611-13A, 26/F, 113 ARGYLE STREET, MONGKOK, KOWLOON K3 SAR
Wing Shan Tong	10 percent owner	UNITS 2611-13A, 26/F, 113 ARGYLE STREET, MONGKOK, KOWLOON K3 SAR
Yiu Kwong Pang	director	UNITS 2611-13A, 26/F, 113 ARGYLE STREET, MONGKOK, KOWLOON K3 SAR