TOP Financial Group (TOP Financial Group) Debt-to-Equity : 0.00 (As of Sep. 2023)

View and export this data going back to 2022. Start your Free Trial

What is TOP Financial Group Debt-to-Equity?

TOP Financial Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $0.00 Mil. TOP Financial Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $0.13 Mil. TOP Financial Group's Total Stockholders Equity for the quarter that ended in Sep. 2023 was $38.95 Mil. TOP Financial Group's debt to equity for the quarter that ended in Sep. 2023 was 0.00.

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

During the past 4 years, the highest Debt-to-Equity Ratio of TOP Financial Group was 0.04. The lowest was 0.00. And the median was 0.01.

TOP's Debt-to-Equity is not ranked ^*
in the Capital Markets industry.
Industry Median: 0.365
* Ranked among companies with meaningful Debt-to-Equity only.

TOP Financial Group Debt-to-Equity Historical Data

The historical data trend for TOP Financial 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.

TOP Financial Group Debt-to-Equity Chart

TOP Financial Group Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

0.02

TOP Financial Group Semi-Annual Data
	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial			0.04	0.02	0.01	-	-

Competitive Comparison of TOP Financial Group's Debt-to-Equity

For the Capital Markets subindustry, TOP Financial 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.

TOP Financial Group's Debt-to-Equity Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, TOP Financial Group's Debt-to-Equity distribution charts can be found below:

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

TOP Financial Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

TOP Financial 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	+	0.15)	/	35.951
	=	0.00

TOP Financial 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
	=	(0	+	0.128)	/	38.954
	=	0.00

TOP Financial Group (NAS:TOP) 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.

TOP Financial Group Debt-to-Equity Related Terms

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

TOP Financial Group (TOP Financial Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » TOP Financial Group Ltd (NAS:TOP) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

118 Connaught Road West, Room 1101, Hong Kong, HKG

Website

https://www.zyfgl.com

TOP Financial Group Ltd is an online brokerage firm in Hong Kong specializing in the trading of local and overseas equities, futures, and options products. The company operates in only one segment which is the futures brokerage service.