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Gala Technology Holding (HKSE:02458) Debt-to-Equity : 0.01 (As of Dec. 2023)


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What is Gala Technology Holding Debt-to-Equity?

Gala Technology Holding's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$4.7 Mil. Gala Technology Holding's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$0.4 Mil. Gala Technology Holding's Total Stockholders Equity for the quarter that ended in Dec. 2023 was HK$363.6 Mil. Gala Technology Holding's debt to equity for the quarter that ended in Dec. 2023 was 0.01.

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 Gala Technology Holding's Debt-to-Equity or its related term are showing as below:

HKSE:02458' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01   Med: 0.02   Max: 0.11
Current: 0.01

During the past 5 years, the highest Debt-to-Equity Ratio of Gala Technology Holding was 0.11. The lowest was 0.01. And the median was 0.02.

HKSE:02458's Debt-to-Equity is ranked better than
99.76% of 418 companies
in the Interactive Media industry
Industry Median: 0.16 vs HKSE:02458: 0.01

Gala Technology Holding Debt-to-Equity Historical Data

The historical data trend for Gala Technology Holding'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.

Gala Technology Holding Debt-to-Equity Chart

Gala Technology Holding Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-Equity
0.02 0.02 0.11 0.09 0.01

Gala Technology Holding Semi-Annual Data
Dec19 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Debt-to-Equity Get a 7-Day Free Trial 0.11 0.12 0.09 0.03 0.01

Competitive Comparison of Gala Technology Holding's Debt-to-Equity

For the Electronic Gaming & Multimedia subindustry, Gala Technology Holding'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.

Gala Technology Holding's Debt-to-Equity Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Gala Technology Holding's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Gala Technology Holding's Debt-to-Equity falls into.


Gala Technology Holding Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Gala Technology Holding'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
=(4.736 + 0.361) / 363.603
=0.01

Gala Technology Holding'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
=(4.736 + 0.361) / 363.603
=0.01

* 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.

Gala Technology Holding  (HKSE:02458) 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.

Gala Technology Holding Debt-to-Equity Related Terms

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

Gala Technology Holding (HKSE:02458) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Gala Technology Holding Ltd (HKSE:02458) » Definitions » Debt-to-Equity
Comparable Companies
HKSE:01022 HKSE:00434 HKSE:02100 HKSE:06899 HKSE:01961 HKSE:01909 HKSE:06860 HKSE:06933 HKSE:08267 HKSE:02022 ATVI ATVI NTES TSE:7974 EA TTWO RBLX TSE:3659 TSE:9766 TSE:9697
Traded in Other Exchanges
N/A
Address
No. 3040, Aohai Avenue, Nanshan Street, 4203–4204, Qianhai Shimao Finance Centre II, Qianhai Shenzhen-Hong Kong Cooperation Zone, Shenzhen, CHN
Website
https://www.galasports.com
Gala Technology Holding Ltd is a mobile game developer, publisher and operator in China with a focus on mobile sports simulation games for global markets. The overall online sports game market includes all sports-themed games accessible to users on the internet, whereas, mobile sports simulation games refer specifically to online sports simulation games that are available on portable devices, such as tablets and smartphones. The Group's operations are operated and managed as a single segment, which is mobile sports game development, publishing and operation mainly in the PRC. The majority of revenue is from Web-based and mobile online game revenue.
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