UP Fintech Holding (UP Fintech Holding) Debt-to-Equity : 0.34 (As of Dec. 2023)

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What is UP Fintech Holding Debt-to-Equity?

UP Fintech Holding's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $4.1 Mil. UP Fintech Holding's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $161.7 Mil. UP Fintech Holding's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $489.0 Mil. UP Fintech Holding's debt to equity for the quarter that ended in Dec. 2023 was 0.34.

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

TIGR' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.03 Med: 0.34 Max: 0.38
Current: 0.34

During the past 8 years, the highest Debt-to-Equity Ratio of UP Fintech Holding was 0.38. The lowest was 0.03. And the median was 0.34.

TIGR's Debt-to-Equity is ranked better than
51.72% of 611 companies
in the Capital Markets industry
Industry Median: 0.36 vs TIGR: 0.34

UP Fintech Holding Debt-to-Equity Historical Data

The historical data trend for UP Fintech 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.

UP Fintech Holding Debt-to-Equity Chart

UP Fintech Holding Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.03

0.35

0.38

0.34

UP Fintech Holding Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															0.38	0.37	0.36	0.34	0.34

Competitive Comparison of UP Fintech Holding's Debt-to-Equity

For the Capital Markets subindustry, UP Fintech 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.

UP Fintech Holding's Debt-to-Equity Distribution in the Capital Markets Industry

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

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

UP Fintech Holding Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

UP Fintech 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
	=	(4.134	+	161.665)	/	488.976
	=	0.34

UP Fintech 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
	=	(4.134	+	161.665)	/	488.976
	=	0.34

UP Fintech Holding (NAS:TIGR) 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.

UP Fintech Holding Debt-to-Equity Related Terms

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UP Fintech Holding (UP Fintech Holding) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » UP Fintech Holding Ltd (NAS:TIGR) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

TIGR:Mexico 0A32:UK 1M5:Germany

Address

No. 16 Taiyanggong Middle Road, 18th Floor, Grandyvic Building, No. 1 Building, Chaoyang District, Beijing, CHN, 100020

Website

https://www.itiger.com

UP Fintech Holding Ltd is an online brokerage firm focusing on Chinese investors. Its trading platform enables investors to trade in equities and other financial instruments on multiple exchanges of stocks and other derivatives. The company offers its customers brokerage and value-added services, including trade order placement and execution, margin financing, account management, investor education, community discussion, and customer support. Clients may use Tiger's flagship mobile trading APP, Tiger Trade, to trade equities in The U.S., Hong Kong, Singapore, and Australia as well as futures, options, and funds.