Ruihe Data Technology Holdings (HKSE:03680) Debt-to-Equity : 1.96 (As of Dec. 2023)

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What is Ruihe Data Technology Holdings Debt-to-Equity?

Ruihe Data Technology Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$187.5 Mil. Ruihe Data Technology Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$17.7 Mil. Ruihe Data Technology Holdings's Total Stockholders Equity for the quarter that ended in Dec. 2023 was HK$104.8 Mil. Ruihe Data Technology Holdings's debt to equity for the quarter that ended in Dec. 2023 was 1.96.

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 Ruihe Data Technology Holdings's Debt-to-Equity or its related term are showing as below:

HKSE:03680' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.3 Med: 0.63 Max: 1.96
Current: 1.96

During the past 8 years, the highest Debt-to-Equity Ratio of Ruihe Data Technology Holdings was 1.96. The lowest was 0.30. And the median was 0.63.

HKSE:03680's Debt-to-Equity is ranked worse than
92.99% of 2224 companies
in the Software industry
Industry Median: 0.21 vs HKSE:03680: 1.96

Ruihe Data Technology Holdings Debt-to-Equity Historical Data

The historical data trend for Ruihe Data Technology Holdings'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.

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Ruihe Data Technology Holdings Debt-to-Equity Chart

Ruihe Data Technology Holdings Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.35

0.65

0.60

1.08

1.96

Ruihe Data Technology Holdings Semi-Annual Data
	Dec16	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial								0.60	0.97	1.08	0.70	1.96

Competitive Comparison of Ruihe Data Technology Holdings's Debt-to-Equity

For the Information Technology Services subindustry, Ruihe Data Technology Holdings'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.

Ruihe Data Technology Holdings's Debt-to-Equity Distribution in the Software Industry

For the Software industry and Technology sector, Ruihe Data Technology Holdings's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Ruihe Data Technology Holdings's Debt-to-Equity falls into.

Ruihe Data Technology Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Ruihe Data Technology Holdings'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
	=	(187.473	+	17.663)	/	104.827
	=	1.96

Ruihe Data Technology Holdings'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
	=	(187.473	+	17.663)	/	104.827
	=	1.96

Ruihe Data Technology Holdings (HKSE:03680) 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.

Ruihe Data Technology Holdings Debt-to-Equity Related Terms

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Ruihe Data Technology Holdings (HKSE:03680) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Ruihe Data Technology Holdings Ltd (HKSE:03680) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Cangqian Street, Room 4101, 41st Floor, Building 2, Euro-American Financial City, Yuhang District, Zhejiang Province, Hangzhou, CHN

Website

https://www.datamargin.com

Ruihe Data Technology Holdings Ltd formerly Suoxinda Holdings Ltd is engaged in the provision of data solutions, sales of hardware and software, and related services as an integrated service, as well as information technology maintenance and support services. It derives maximum revenue from Data solutions.

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