Shanxi Changcheng Microlight Equipment Co (HKSE:08286) Debt-to-Equity : N/A (As of Sep. 2023)

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What is Shanxi Changcheng Microlight Equipment Co Debt-to-Equity?

Shanxi Changcheng Microlight Equipment Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was HK$0.00 Mil. Shanxi Changcheng Microlight Equipment Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was HK$0.00 Mil. Shanxi Changcheng Microlight Equipment Co's Total Stockholders Equity for the quarter that ended in Sep. 2023 was HK$0.00 Mil.

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 Shanxi Changcheng Microlight Equipment Co's Debt-to-Equity or its related term are showing as below:

HKSE:08286' s Debt-to-Equity Range Over the Past 10 Years
Min: -3.48 Med: -0.82 Max: 2.42
Current: -0.81

During the past 13 years, the highest Debt-to-Equity Ratio of Shanxi Changcheng Microlight Equipment Co was 2.42. The lowest was -3.48. And the median was -0.82.

HKSE:08286's Debt-to-Equity is not ranked
in the Hardware industry.
Industry Median: 0.28 vs HKSE:08286: -0.81

Shanxi Changcheng Microlight Equipment Co Debt-to-Equity Historical Data

The historical data trend for Shanxi Changcheng Microlight Equipment Co'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.

Shanxi Changcheng Microlight Equipment Co Debt-to-Equity Chart

Shanxi Changcheng Microlight Equipment Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Debt-to-Equity

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-1.51

-1.70

-1.48

-0.82

-0.70

Shanxi Changcheng Microlight Equipment Co 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															N/A	-0.70	N/A	-0.81	N/A

Competitive Comparison of Shanxi Changcheng Microlight Equipment Co's Debt-to-Equity

For the Communication Equipment subindustry, Shanxi Changcheng Microlight Equipment Co'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.

Shanxi Changcheng Microlight Equipment Co's Debt-to-Equity Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Shanxi Changcheng Microlight Equipment Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Shanxi Changcheng Microlight Equipment Co's Debt-to-Equity falls into.

Shanxi Changcheng Microlight Equipment Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Shanxi Changcheng Microlight Equipment Co's Debt to Equity Ratio for the fiscal year that ended in Dec. 2022 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
	=	(17.926	+	58.678)	/	-109.212
	=	-0.70

Shanxi Changcheng Microlight Equipment Co'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)	/	0
	=	N/A

Shanxi Changcheng Microlight Equipment Co (HKSE:08286) 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.

Shanxi Changcheng Microlight Equipment Co Debt-to-Equity Related Terms

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Shanxi Changcheng Microlight Equipment Co (HKSE:08286) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Shanxi Changcheng Microlight Equipment Co Ltd (HKSE:08286) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 7 Dianzi Street, Demonstration Zone, Shanxi Province, Taiyuan, CHN

Website

http://www.sxccoe.com

Shanxi Changcheng Microlight Equipment Co Ltd is a China-based company engaged in the design, research, development, manufacture, and sale of image transmission fiber optic products. Image transmission fiber optics products manufactured by the company are image transmission devices containing a rigidly bundle of optical fibers arranged in an ordered fashion so that images can be transmitted from one end of the optical fiber bundle and displayed on the other end of the bundle. The company produces five main products, including fiber optic inverters, fiber optic straight plates, fiber optic face plates, fiber optic tapers and microchannel plates.

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