Jiangsu Eazytec Co (SHSE:688258) Debt-to-Equity : 0.29 (As of Mar. 2024)

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What is Jiangsu Eazytec Co Debt-to-Equity?

Jiangsu Eazytec Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥216.5 Mil. Jiangsu Eazytec Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥86.9 Mil. Jiangsu Eazytec Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥1,042.6 Mil. Jiangsu Eazytec Co's debt to equity for the quarter that ended in Mar. 2024 was 0.29.

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 Jiangsu Eazytec Co's Debt-to-Equity or its related term are showing as below:

SHSE:688258' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.03 Med: 0.15 Max: 0.29
Current: 0.29

During the past 8 years, the highest Debt-to-Equity Ratio of Jiangsu Eazytec Co was 0.29. The lowest was 0.03. And the median was 0.15.

SHSE:688258's Debt-to-Equity is ranked worse than
57.66% of 2213 companies
in the Software industry
Industry Median: 0.21 vs SHSE:688258: 0.29

Jiangsu Eazytec Co Debt-to-Equity Historical Data

The historical data trend for Jiangsu Eazytec 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.

Jiangsu Eazytec Co Debt-to-Equity Chart

Jiangsu Eazytec Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.04

0.03

0.16

0.15

0.26

Jiangsu Eazytec 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	0.16	0.25	0.26	0.29

Competitive Comparison of Jiangsu Eazytec Co's Debt-to-Equity

For the Information Technology Services subindustry, Jiangsu Eazytec 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.

Jiangsu Eazytec Co's Debt-to-Equity Distribution in the Software Industry

For the Software industry and Technology sector, Jiangsu Eazytec Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Jiangsu Eazytec Co's Debt-to-Equity falls into.

Jiangsu Eazytec Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Jiangsu Eazytec 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
	=	(165.923	+	102.315)	/	1037.934
	=	0.26

Jiangsu Eazytec 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
	=	(216.468	+	86.946)	/	1042.623
	=	0.29

Jiangsu Eazytec Co (SHSE:688258) 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.

Jiangsu Eazytec Co Debt-to-Equity Related Terms

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Jiangsu Eazytec Co (SHSE:688258) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Jiangsu Eazytec Co Ltd (SHSE:688258) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 298, Xingye Road, Huankeyuan, Jiangsu, Yixing, CHN, 214205

Website

http://www.eazytec.com

Jiangsu Eazytec Co Ltd is a cloud computing equipment manufacturer. The company's services include software technology development, technology transfer, technical consulting, technical services; computer system integration; data processing; computer maintenance; building intelligent engineering design and construction, among others.

Executives

Xie Qian

Director

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