Jingjin Equipment (SHSE:603279) Debt-to-Equity : 0.05 (As of Mar. 2024)

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What is Jingjin Equipment Debt-to-Equity?

Jingjin Equipment's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥201 Mil. Jingjin Equipment's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥0 Mil. Jingjin Equipment's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥4,164 Mil. Jingjin Equipment's debt to equity for the quarter that ended in Mar. 2024 was 0.05.

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 Jingjin Equipment's Debt-to-Equity or its related term are showing as below:

SHSE:603279' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.04 Med: 0.08 Max: 0.56
Current: 0.05

During the past 11 years, the highest Debt-to-Equity Ratio of Jingjin Equipment was 0.56. The lowest was 0.04. And the median was 0.08.

SHSE:603279's Debt-to-Equity is ranked better than
84.18% of 2630 companies
in the Industrial Products industry
Industry Median: 0.29 vs SHSE:603279: 0.05

Jingjin Equipment Debt-to-Equity Historical Data

The historical data trend for Jingjin Equipment'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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Jingjin Equipment Debt-to-Equity Chart

Jingjin Equipment Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.04

Jingjin Equipment 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															0.12	0.05	0.05	0.04	0.05

Competitive Comparison of Jingjin Equipment's Debt-to-Equity

For the Pollution & Treatment Controls subindustry, Jingjin Equipment'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.

Jingjin Equipment's Debt-to-Equity Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Jingjin Equipment's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Jingjin Equipment's Debt-to-Equity falls into.

Jingjin Equipment Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Jingjin Equipment'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
	=	(200.861	+	0.354)	/	4542.065
	=	0.04

Jingjin Equipment'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
	=	(200.881	+	0.355)	/	4164.227
	=	0.05

Jingjin Equipment (SHSE:603279) 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.

Jingjin Equipment Debt-to-Equity Related Terms

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Jingjin Equipment (SHSE:603279) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Jingjin Equipment Inc (SHSE:603279) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

North Head of Jinghua Road, Dezhou economic development zone, Shandong Province, Dezhou, CHN, 253034

Website

http://www.jjylj.com

Jingjin Equipment Inc is an environmental protection service provider of filter outfit production, filter technology overall plan solution and environment protection project contraction and operation. The comapny is engaged in the development of energy conservation and environment protection career, providing consumers by cost-effective products and professional quality service. Its products include pressure filter, vibrating centrifuge, blender, conveyor, automatic reagent feeder, double drive thickener, mud scraper, and cake breaker.

Executives

Yang Ming Jie	Director
Jiang Gui Ting	Directors, senior managers
Lu Yi	senior management
Li Dong Qiang	Directors, senior managers
Zhang Da Wei	Directors, senior managers

Jingjin Equipment (SHSE:603279) Headlines

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