Chongqing Chuanyi Automation Co (SHSE:603100) Debt-to-Equity : 0.09 (As of Mar. 2024)

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What is Chongqing Chuanyi Automation Co Debt-to-Equity?

Chongqing Chuanyi Automation Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥30 Mil. Chongqing Chuanyi Automation Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥329 Mil. Chongqing Chuanyi Automation Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥4,110 Mil. Chongqing Chuanyi Automation Co's debt to equity for the quarter that ended in Mar. 2024 was 0.09.

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 Chongqing Chuanyi Automation Co's Debt-to-Equity or its related term are showing as below:

SHSE:603100' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.08 Med: 0.35 Max: 1.04
Current: 0.09

During the past 13 years, the highest Debt-to-Equity Ratio of Chongqing Chuanyi Automation Co was 1.04. The lowest was 0.08. And the median was 0.35.

SHSE:603100's Debt-to-Equity is ranked better than
76.35% of 2626 companies
in the Industrial Products industry
Industry Median: 0.29 vs SHSE:603100: 0.09

Chongqing Chuanyi Automation Co Debt-to-Equity Historical Data

The historical data trend for Chongqing Chuanyi Automation 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.

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Chongqing Chuanyi Automation Co Debt-to-Equity Chart

Chongqing Chuanyi Automation Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.30

0.19

0.11

0.13

0.09

Chongqing Chuanyi Automation Co 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															0.15	0.15	0.15	0.09	0.09

Competitive Comparison of Chongqing Chuanyi Automation Co's Debt-to-Equity

For the Specialty Industrial Machinery subindustry, Chongqing Chuanyi Automation 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.

Chongqing Chuanyi Automation Co's Debt-to-Equity Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Chongqing Chuanyi Automation Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Chongqing Chuanyi Automation Co's Debt-to-Equity falls into.

Chongqing Chuanyi Automation Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Chongqing Chuanyi Automation Co'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
	=	(21.238	+	342.459)	/	3955.041
	=	0.09

Chongqing Chuanyi Automation Co's Debt to Equity Ratio for the quarter that ended in Mar. 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
	=	(30.354	+	329.444)	/	4109.988
	=	0.09

Chongqing Chuanyi Automation Co (SHSE:603100) 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.

Chongqing Chuanyi Automation Co Debt-to-Equity Related Terms

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Chongqing Chuanyi Automation Co (SHSE:603100) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Chongqing Chuanyi Automation Co Ltd (SHSE:603100) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 61 Huangshan Road, New North Zone, Chongqing, CHN, 401121

Website

http://www.cqcy.com

Chongqing Chuanyi Automation Co Ltd is an industrial auto-control system and device manufacturer. It focuses on the businesses of research and development, manufacturing, marketing, technical solution and service for industrial auto-control system and device and engineering integration. The company's single product mainly contains a smart transmitter, an intelligent control valve, an intelligent actuator, smart flow meter, temperature instrument, control instrument, and analyzer.

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