Goldway Education Group (HKSE:08160) Debt-to-Equity : 0.22 (As of Sep. 2023)

View and export this data going back to 2016. Start your Free Trial

What is Goldway Education Group Debt-to-Equity?

Goldway Education Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was HK$2.58 Mil. Goldway Education Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was HK$6.77 Mil. Goldway Education Group's Total Stockholders Equity for the quarter that ended in Sep. 2023 was HK$42.17 Mil. Goldway Education Group's debt to equity for the quarter that ended in Sep. 2023 was 0.22.

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

HKSE:08160' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.11 Med: 0.22 Max: 0.34
Current: 0.22

During the past 10 years, the highest Debt-to-Equity Ratio of Goldway Education Group was 0.34. The lowest was 0.11. And the median was 0.22.

HKSE:08160's Debt-to-Equity is ranked better than
58.74% of 223 companies
in the Education industry
Industry Median: 0.36 vs HKSE:08160: 0.22

Goldway Education Group Debt-to-Equity Historical Data

The historical data trend for Goldway Education 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.

Goldway Education Group Debt-to-Equity Chart

Goldway Education Group Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

Get a 7-Day Free Trial

0.23

0.16

0.21

0.32

Goldway Education Group Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial															0.34	N/A	0.32	N/A	0.22

Competitive Comparison of Goldway Education Group's Debt-to-Equity

For the Education & Training Services subindustry, Goldway Education 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.

Goldway Education Group's Debt-to-Equity Distribution in the Education Industry

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

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

Goldway Education Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Goldway Education 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
	=	(3.657	+	6.767)	/	32.333
	=	0.32

Goldway Education 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
	=	(2.584	+	6.767)	/	42.173
	=	0.22

Goldway Education Group (HKSE:08160) 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.

Goldway Education Group Debt-to-Equity Related Terms

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

Goldway Education Group (HKSE:08160) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Goldway Education Group Ltd (HKSE:08160) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Shop B10, 1/F, Goodrich Shopping Arcade, Tuen Mun, New Territories, Hong Kong, HKG

Website

http://www.goldwayedugp.com

Goldway Education Group Ltd is an investment holding company. Its subsidiaries are principally engaged in the provision of tutoring services and franchising services in Hong Kong. The Group provides private tutoring services including primary and secondary tutoring services under the trade name of "Logic Tutorial Centre" and "Pedagog Education Centre".

Goldway Education Group (HKSE:08160) Headlines

No Headlines