Transwarp Technology (Shanghai) Co (SHSE:688031) Debt-to-Equity : 0.07 (As of Mar. 2024)

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What is Transwarp Technology (Shanghai) Co Debt-to-Equity?

Transwarp Technology (Shanghai) Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥73.5 Mil. Transwarp Technology (Shanghai) Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥24.7 Mil. Transwarp Technology (Shanghai) Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥1,361.4 Mil. Transwarp Technology (Shanghai) Co's debt to equity for the quarter that ended in Mar. 2024 was 0.07.

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 Transwarp Technology (Shanghai) Co's Debt-to-Equity or its related term are showing as below:

SHSE:688031' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.02 Med: 0.05 Max: 0.1
Current: 0.07

During the past 6 years, the highest Debt-to-Equity Ratio of Transwarp Technology (Shanghai) Co was 0.10. The lowest was 0.02. And the median was 0.05.

SHSE:688031's Debt-to-Equity is ranked better than
71.87% of 2215 companies
in the Software industry
Industry Median: 0.21 vs SHSE:688031: 0.07

Transwarp Technology (Shanghai) Co Debt-to-Equity Historical Data

The historical data trend for Transwarp Technology (Shanghai) 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.

Transwarp Technology (Shanghai) Co Debt-to-Equity Chart

Transwarp Technology (Shanghai) Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

0.04

0.05

0.02

0.07

Transwarp Technology (Shanghai) Co Quarterly Data
	Dec18	Dec19	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial											0.04	0.04	0.06	0.07	0.07

Competitive Comparison of Transwarp Technology (Shanghai) Co's Debt-to-Equity

For the Software - Application subindustry, Transwarp Technology (Shanghai) 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.

Transwarp Technology (Shanghai) Co's Debt-to-Equity Distribution in the Software Industry

For the Software industry and Technology sector, Transwarp Technology (Shanghai) Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Transwarp Technology (Shanghai) Co's Debt-to-Equity falls into.

Transwarp Technology (Shanghai) Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Transwarp Technology (Shanghai) 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
	=	(70.445	+	24.058)	/	1443.301
	=	0.07

Transwarp Technology (Shanghai) 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
	=	(73.451	+	24.668)	/	1361.404
	=	0.07

Transwarp Technology (Shanghai) Co (SHSE:688031) 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.

Transwarp Technology (Shanghai) Co Debt-to-Equity Related Terms

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Transwarp Technology (Shanghai) Co (SHSE:688031) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Transwarp Technology (Shanghai) Co Ltd (SHSE:688031) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 88, Hongcao Road, Floor 11-12, Building B, Xuhui District, Shanghai, CHN, 200233

Website

https://www.transwarp.cn

Transwarp Technology (Shanghai) Co Ltd provide basic software and services for the entire data life cycle of data integration, storage, governance, modeling, analysis, mining and circulation.

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