Suncha Technology Co (SZSE:001211) Debt-to-Equity : 0.62 (As of Mar. 2024)

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What is Suncha Technology Co Debt-to-Equity?

Suncha Technology Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥435 Mil. Suncha Technology Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥100 Mil. Suncha Technology Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥868 Mil. Suncha Technology Co's debt to equity for the quarter that ended in Mar. 2024 was 0.62.

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

SZSE:001211' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.07 Med: 0.29 Max: 0.62
Current: 0.62

During the past 7 years, the highest Debt-to-Equity Ratio of Suncha Technology Co was 0.62. The lowest was 0.07. And the median was 0.29.

SZSE:001211's Debt-to-Equity is ranked worse than
71.32% of 380 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 0.32 vs SZSE:001211: 0.62

Suncha Technology Co Debt-to-Equity Historical Data

The historical data trend for Suncha Technology 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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Suncha Technology Co Debt-to-Equity Chart

Suncha Technology Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.48

0.32

0.09

0.23

0.51

Suncha Technology Co Quarterly Data
	Dec17	Dec18	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															0.26	0.32	0.35	0.51	0.62

Competitive Comparison of Suncha Technology Co's Debt-to-Equity

For the Furnishings, Fixtures & Appliances subindustry, Suncha Technology 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.

Suncha Technology Co's Debt-to-Equity Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Suncha Technology Co's Debt-to-Equity distribution charts can be found below:

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

Suncha Technology Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Suncha Technology 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
	=	(392.607	+	51.103)	/	865.927
	=	0.51

Suncha Technology 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
	=	(435.227	+	100.334)	/	867.981
	=	0.62

Suncha Technology Co (SZSE:001211) 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.

Suncha Technology Co Debt-to-Equity Related Terms

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Suncha Technology Co (SZSE:001211) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Suncha Technology Co Ltd (SZSE:001211) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

103 Zhucheng Road, Baizhang Town, Yuhang District, Zhejiang Province, Hangzhou, CHN, 311100

Website

http://www.sqzm.com

Suncha Technology Co Ltd is engaged in the Research and development, design, production and sales of kitchen utensils for daily meals. The main products are chopsticks, cutting boards, shovel spoons, rice husk tableware and others.

Executives

Li Chao Zhen	Directors, executives
Zhang Mei Yun	Directors, executives
Zhang Shui Hua	Supervisors

Suncha Technology Co (SZSE:001211) Headlines

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