ICO Group (HKSE:01460) Debt-to-Equity : 0.12 (As of Sep. 2023)

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What is ICO Group Debt-to-Equity?

ICO Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was HK$1.2 Mil. ICO Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was HK$60.4 Mil. ICO Group's Total Stockholders Equity for the quarter that ended in Sep. 2023 was HK$534.0 Mil. ICO Group's debt to equity for the quarter that ended in Sep. 2023 was 0.12.

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

HKSE:01460' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.1 Max: 0.18
Current: 0.12

During the past 10 years, the highest Debt-to-Equity Ratio of ICO Group was 0.18. The lowest was 0.00. And the median was 0.10.

HKSE:01460's Debt-to-Equity is ranked better than
61.28% of 2216 companies
in the Software industry
Industry Median: 0.21 vs HKSE:01460: 0.12

ICO Group Debt-to-Equity Historical Data

The historical data trend for ICO 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.

ICO Group Debt-to-Equity Chart

ICO Group Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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0.02

0.05

0.11

ICO Group Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial															0.04	0.11	0.11	0.11	0.12

Competitive Comparison of ICO Group's Debt-to-Equity

For the Information Technology Services subindustry, ICO 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.

ICO Group's Debt-to-Equity Distribution in the Software Industry

For the Software industry and Technology sector, ICO Group's Debt-to-Equity distribution charts can be found below:

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

ICO Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

ICO Group's Debt to Equity Ratio for the fiscal year that ended in Mar. 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
	=	(0.221	+	57.354)	/	530.99
	=	0.11

ICO Group'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
	=	(1.202	+	60.352)	/	533.957
	=	0.12

ICO Group (HKSE:01460) 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.

ICO Group Debt-to-Equity Related Terms

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

ICO Group (HKSE:01460) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » ICO Group Ltd (HKSE:01460) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 10 Shing Yip Street, Unit A, 25th Floor, TG Place, Kwun Tong, Kowloon, Hong Kong, HKG

Website

https://www.1460.hk

ICO Group Ltd along with its subsidiaries is engaged in the provision of Information technology(IT) solutions and services. The business activity of the group is functioned through IT application and solution development; IT infrastructure solutions; IT secondment services; Maintenance and support services, and Property leasing and e-commerce business segment. The company drives a majority of the revenue from The IT Infrastructure solutions segment which is engaged in the provision of IT infrastructure solutions and sale of IT infrastructure solution related hardware and software. Geographically, the activities are carried out in Hong Kong and the PRC, of which maximum revenue is generated from Hong Kong.

Executives

Chan Kwok Pui	2101 Beneficial owner
Lee Cheong Yuen	2401 A concert party to an agreement to buy shares
Saetia Ladda	2202 Interest of your spouse
Tam Kwok Wah	2401 A concert party to an agreement to buy shares
Choi Chiu Fai Stanley
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