Mu Global Holding (Mu Global Holding) Debt-to-Equity : -0.69 (As of Jan. 2024)

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What is Mu Global Holding Debt-to-Equity?

Mu Global Holding's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was $0.20 Mil. Mu Global Holding's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was $0.23 Mil. Mu Global Holding's Total Stockholders Equity for the quarter that ended in Jan. 2024 was $-0.63 Mil. Mu Global Holding's debt to equity for the quarter that ended in Jan. 2024 was -0.69.

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

MUGH' s Debt-to-Equity Range Over the Past 10 Years
Min: -7.21 Med: -0.73 Max: 4.78
Current: -0.69

During the past 6 years, the highest Debt-to-Equity Ratio of Mu Global Holding was 4.78. The lowest was -7.21. And the median was -0.73.

MUGH's Debt-to-Equity is not ranked
in the Personal Services industry.
Industry Median: 0.735 vs MUGH: -0.69

Mu Global Holding Debt-to-Equity Historical Data

The historical data trend for Mu Global 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.

Mu Global Holding Debt-to-Equity Chart

Mu Global Holding Annual Data

Trend

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

Debt-to-Equity

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2.30

-2.23

-0.74

-0.66

Mu Global Holding Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Debt-to-Equity	Get a 7-Day Free Trial															-0.75	-0.73	-0.66	-0.67	-0.69

Competitive Comparison of Mu Global Holding's Debt-to-Equity

For the Personal Services subindustry, Mu Global 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.

Mu Global Holding's Debt-to-Equity Distribution in the Personal Services Industry

For the Personal Services industry and Consumer Cyclical sector, Mu Global Holding's Debt-to-Equity distribution charts can be found below:

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

Mu Global Holding Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Mu Global Holding's Debt to Equity Ratio for the fiscal year that ended in Jul. 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
	=	(0.176	+	0.208)	/	-0.584
	=	-0.66

Mu Global Holding's Debt to Equity Ratio for the quarter that ended in Jan. 2024 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
	=	(0.202	+	0.229)	/	-0.629
	=	-0.69

Mu Global Holding (OTCPK:MUGH) 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.

Mu Global Holding Debt-to-Equity Related Terms

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Mu Global Holding (Mu Global Holding) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Personal Services » Mu Global Holding Ltd (OTCPK:MUGH) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 296, Xinyi Road, 7th Floor, Room No. 5, Section 4, Datong District, Taipei, TWN, 106427

Website

Mu Global Holding Ltd is a beauty and wellness company, providing SPA and wellness service and also Spa related products to the customers. The services provided are designed to improve the overall health system and body function. It operates in the Chinese market with three business models namely Tripartite co-operation and profit-sharing model (deployment of stone spa bed & franchise); Large-scale chain agent model (deployment of stone spa bed); and Direct- service store model. Its products portfolio includes NVB Scent Diffuser and Mini Water Purifier. Its services include Bedrock Bathing/ Hot Stone Bath and Quartz Therapy. The company has geographical segments in Nevada, Seychelles, HongKong and China, where majority of its revenue is eraned from HongKong.

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