Globavend Holdings (Globavend Holdings) Debt-to-Equity : 0.24 (As of Sep. 2023)

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What is Globavend Holdings Debt-to-Equity?

Globavend Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $0.04 Mil. Globavend Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $0.08 Mil. Globavend Holdings's Total Stockholders Equity for the quarter that ended in Sep. 2023 was $0.50 Mil. Globavend Holdings's debt to equity for the quarter that ended in Sep. 2023 was 0.24.

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 Globavend Holdings's Debt-to-Equity or its related term are showing as below:

GVH' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.05 Med: 0.08 Max: 0.24
Current: 0.24

During the past 3 years, the highest Debt-to-Equity Ratio of Globavend Holdings was 0.24. The lowest was 0.05. And the median was 0.08.

GVH's Debt-to-Equity is ranked better than
74.15% of 882 companies
in the Transportation industry
Industry Median: 0.56 vs GVH: 0.24

Globavend Holdings Debt-to-Equity Historical Data

The historical data trend for Globavend 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.

Globavend Holdings Debt-to-Equity Chart

Globavend Holdings Annual Data

Trend

Sep21

Sep22

Sep23

Debt-to-Equity

0.05

0.08

0.24

Globavend Holdings Semi-Annual Data
	Sep21	Mar22	Sep22	Mar23	Sep23
Debt-to-Equity	0.05	N/A	0.08	0.01	0.24

Competitive Comparison of Globavend Holdings's Debt-to-Equity

For the Integrated Freight & Logistics subindustry, Globavend 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.

Globavend Holdings's Debt-to-Equity Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Globavend Holdings's Debt-to-Equity distribution charts can be found below:

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

Globavend Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Globavend 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
	=	(0.04	+	0.08)	/	0.502
	=	0.24

Globavend 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
	=	(0.04	+	0.08)	/	0.502
	=	0.24

Globavend Holdings (NAS:GVH) 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.

Globavend Holdings Debt-to-Equity Related Terms

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Globavend Holdings (Globavend Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Globavend Holdings Ltd (NAS:GVH) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Office 1401, Level 14, 197, St Georges Tce, Perth, WA, AUS, 6000

Website

https://www.globavend.com

Globavend Holdings Ltd is a e-commerce logistics provider it provides integrated cross-border logistics services from Hong Kong to Australia and New Zealand, where they provide customers with a one-stop solution from parcel consolidation to air freight forwarding, customs clearance, on-carriage parcel transportation and delivery. It operates in logistics and freight forwarding industry, which involves the provision of services such as freight transport, freight forwarding, warehouse management, and distribution.

Globavend Holdings (Globavend Holdings) Headlines

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