17 Education & Technology Group (17 Education & Technology Group) Debt-to-Equity : 0.04 (As of Dec. 2023)

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What is 17 Education & Technology Group Debt-to-Equity?

17 Education & Technology Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $1.07 Mil. 17 Education & Technology Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $1.35 Mil. 17 Education & Technology Group's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $69.22 Mil. 17 Education & Technology Group'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 17 Education & Technology Group's Debt-to-Equity or its related term are showing as below:

YQ' s Debt-to-Equity Range Over the Past 10 Years
Min: -0.03 Med: 0.04 Max: 0.19
Current: 0.04

During the past 6 years, the highest Debt-to-Equity Ratio of 17 Education & Technology Group was 0.19. The lowest was -0.03. And the median was 0.04.

YQ's Debt-to-Equity is ranked better than
89.69% of 223 companies
in the Education industry
Industry Median: 0.34 vs YQ: 0.04

17 Education & Technology Group Debt-to-Equity Historical Data

The historical data trend for 17 Education & Technology 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.

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17 Education & Technology Group Debt-to-Equity Chart

17 Education & Technology Group Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

-0.03

0.09

0.19

0.04

17 Education & Technology Group Quarterly Data
	Dec18	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														0.04	0.03	0.02	0.03	0.04

Competitive Comparison of 17 Education & Technology Group's Debt-to-Equity

For the Education & Training Services subindustry, 17 Education & Technology 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.

17 Education & Technology Group's Debt-to-Equity Distribution in the Education Industry

For the Education industry and Consumer Defensive sector, 17 Education & Technology Group's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where 17 Education & Technology Group's Debt-to-Equity falls into.

17 Education & Technology Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

17 Education & Technology Group'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
	=	(1.071	+	1.353)	/	69.223
	=	0.04

17 Education & Technology Group'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
	=	(1.071	+	1.353)	/	69.223
	=	0.04

17 Education & Technology Group (NAS:YQ) 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.

17 Education & Technology Group Debt-to-Equity Related Terms

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17 Education & Technology Group (17 Education & Technology Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » 17 Education & Technology Group Inc (NAS:YQ) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Wangjing Greenland Center, 16th Floor, Block B, Chaoyang District, Beijing, CHN, 100102

Website

https://ucenter.17zuoye.com

17 Education & Technology Group Inc is an education technology company in China. It offers to assist students, teachers, schoolmasters, and educational authorities across China to achieve data-driven teaching, learning, and assessment. Geographically group operates in China.