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Guangdong Create Century Intelligent Equipment Group (SZSE:300083) Debt-to-Equity : 0.33 (As of Mar. 2024)


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What is Guangdong Create Century Intelligent Equipment Group Debt-to-Equity?

Guangdong Create Century Intelligent Equipment Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥1,075 Mil. Guangdong Create Century Intelligent Equipment Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥550 Mil. Guangdong Create Century Intelligent Equipment Group's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥4,966 Mil. Guangdong Create Century Intelligent Equipment Group's debt to equity for the quarter that ended in Mar. 2024 was 0.33.

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 Guangdong Create Century Intelligent Equipment Group's Debt-to-Equity or its related term are showing as below:

SZSE:300083' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.07   Med: 0.36   Max: 0.98
Current: 0.33

During the past 13 years, the highest Debt-to-Equity Ratio of Guangdong Create Century Intelligent Equipment Group was 0.98. The lowest was 0.07. And the median was 0.36.

SZSE:300083's Debt-to-Equity is ranked worse than
53.61% of 2621 companies
in the Industrial Products industry
Industry Median: 0.28 vs SZSE:300083: 0.33

Guangdong Create Century Intelligent Equipment Group Debt-to-Equity Historical Data

The historical data trend for Guangdong Create Century Intelligent Equipment 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.

Guangdong Create Century Intelligent Equipment Group Debt-to-Equity Chart

Guangdong Create Century Intelligent Equipment Group Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.67 0.93 0.52 0.27 0.19

Guangdong Create Century Intelligent Equipment Group Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Debt-to-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.36 0.39 0.33 0.19 0.33

Competitive Comparison of Guangdong Create Century Intelligent Equipment Group's Debt-to-Equity

For the Specialty Industrial Machinery subindustry, Guangdong Create Century Intelligent Equipment 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.


Guangdong Create Century Intelligent Equipment Group's Debt-to-Equity Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Guangdong Create Century Intelligent Equipment Group's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Guangdong Create Century Intelligent Equipment Group's Debt-to-Equity falls into.



Guangdong Create Century Intelligent Equipment Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Guangdong Create Century Intelligent Equipment Group's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Guangdong Create Century Intelligent Equipment Group's Debt to Equity Ratio for the quarter that ended in Mar. 2024 is calculated as

* 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.


Guangdong Create Century Intelligent Equipment Group  (SZSE:300083) 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.


Guangdong Create Century Intelligent Equipment Group Debt-to-Equity Related Terms

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Guangdong Create Century Intelligent Equipment Group (SZSE:300083) Business Description

Traded in Other Exchanges
N/A
Address
Weifeng Road, Jinsheng Intelligent Manufacturing Industrial Park, Administrative Office Building, Dongcheng District, Guangdong Province, Dongguan, CHN, 523007
Guangdong Create Century Intelligent Equipment Corp Ltd is engaged in research and development, production, sales and service of high-end intelligent equipment, with a complete range of CNC machine tools, including drilling and tapping machines, vertical machining centers, horizontal machining centers, gantry machining centers, CNC lathes, engraving and milling machines, and glass Series of precision processing equipment such as precision engraving machines, high-light machines, laser cutting machines. It is widely used in the processing of core components in the 5G industry chain, 3C consumer electronics, machinery manufacturing, medical equipment, new energy vehicles, auto parts, construction machinery and other fields.

Guangdong Create Century Intelligent Equipment Group (SZSE:300083) Headlines

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