Starbox Group Holdings (Starbox Group Holdings) Debt-to-Equity : 0.03 (As of Sep. 2023)

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What is Starbox Group Holdings Debt-to-Equity?

Starbox Group Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $0.05 Mil. Starbox Group Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $2.17 Mil. Starbox Group Holdings's Total Stockholders Equity for the quarter that ended in Sep. 2023 was $89.79 Mil. Starbox Group Holdings'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 Starbox Group Holdings's Debt-to-Equity or its related term are showing as below:

STBX' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.03 Max: 0.24
Current: 0.03

During the past 4 years, the highest Debt-to-Equity Ratio of Starbox Group Holdings was 0.24. The lowest was 0.00. And the median was 0.03.

STBX's Debt-to-Equity is ranked better than
82.35% of 425 companies
in the Interactive Media industry
Industry Median: 0.14 vs STBX: 0.03

Starbox Group Holdings Debt-to-Equity Historical Data

The historical data trend for Starbox Group Holdings'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.

Starbox Group Holdings Debt-to-Equity Chart

Starbox Group Holdings Annual Data

Trend

Sep20

Sep21

Sep22

Sep23

Debt-to-Equity

0.24

0.03

Starbox Group Holdings Semi-Annual Data
	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial			0.24	0.25	-	-	0.03

Competitive Comparison of Starbox Group Holdings's Debt-to-Equity

For the Internet Content & Information subindustry, Starbox Group Holdings'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.

Starbox Group Holdings's Debt-to-Equity Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Starbox Group Holdings's Debt-to-Equity distribution charts can be found below:

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

Starbox Group Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Starbox Group Holdings's Debt to Equity Ratio for the fiscal year 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
	=	(0.048	+	2.168)	/	89.794
	=	0.02

Starbox Group Holdings'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
	=	(0.048	+	2.168)	/	89.794
	=	0.02

Starbox Group Holdings (NAS:STBX) 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.

Starbox Group Holdings Debt-to-Equity Related Terms

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Starbox Group Holdings (Starbox Group Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Starbox Group Holdings Ltd (NAS:STBX) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

VO2-03-07, Velocity Office 2, Lingkaran SV, Sunway Velocity, Kuala Lumpur, SGR, MYS, 55100

Website

https://www.starboxholdings.com

Starbox Group Holdings Ltd engages in developing cash rebate, digital advertising, and payment solution business ecosystem targeting micro, small, and medium enterprises. Through the firm's subsidiaries in Malaysia, it connects retail merchants with retail shoppers to facilitate transactions through cash rebates offered by retail merchants, provide digital advertising services to advertisers, and provide payment solution services to merchants. Substantially all of our current operations are located in Malaysia. It operates in three segments: digital advertising services, cash rebate services, and payment solution services.