Changzhou Evergreen Technology Co (SZSE:001324) Debt-to-Equity : 0.04 (As of Mar. 2024)

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What is Changzhou Evergreen Technology Co Debt-to-Equity?

Changzhou Evergreen Technology Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥38.4 Mil. Changzhou Evergreen Technology Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥3.3 Mil. Changzhou Evergreen Technology Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥1,076.9 Mil. Changzhou Evergreen Technology Co's debt to equity for the quarter that ended in Mar. 2024 was 0.04.

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

SZSE:001324' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.04 Max: 0.25
Current: 0.04

During the past 6 years, the highest Debt-to-Equity Ratio of Changzhou Evergreen Technology Co was 0.25. The lowest was 0.01. And the median was 0.04.

SZSE:001324's Debt-to-Equity is ranked better than
95.93% of 884 companies
in the Transportation industry
Industry Median: 0.565 vs SZSE:001324: 0.04

Changzhou Evergreen Technology Co Debt-to-Equity Historical Data

The historical data trend for Changzhou Evergreen 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.

* Premium members only.

Changzhou Evergreen Technology Co Debt-to-Equity Chart

Changzhou Evergreen Technology Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.18

0.03

0.09

0.03

Changzhou Evergreen Technology Co Quarterly Data
	Dec18	Dec19	Dec20	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial									0.09	0.04	0.01	0.03	0.04

Competitive Comparison of Changzhou Evergreen Technology Co's Debt-to-Equity

For the Railroads subindustry, Changzhou Evergreen 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.

Changzhou Evergreen Technology Co's Debt-to-Equity Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Changzhou Evergreen Technology Co's Debt-to-Equity distribution charts can be found below:

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

Changzhou Evergreen Technology Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Changzhou Evergreen 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
	=	(28.189	+	3.427)	/	1086.951
	=	0.03

Changzhou Evergreen 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
	=	(38.422	+	3.267)	/	1076.926
	=	0.04

Changzhou Evergreen Technology Co (SZSE:001324) 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.

Changzhou Evergreen Technology Co Debt-to-Equity Related Terms

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Changzhou Evergreen Technology Co (SZSE:001324) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Changzhou Evergreen Technology Co Ltd (SZSE:001324) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 300, Hehai West Road, Xinbei District, Jiangsu, Changzhou, CHN, 213125

Website

https://www.cetrail.com

Changzhou Evergreen Technology Co Ltd is a high-tech enterprise based on the development and application of sandwich composite materials, mainly providing supporting products and integrated solutions for the interior decoration of rail transit vehicles and building interior and exterior decoration. The company has participated in the formulation of many national and industry standards such as aluminum honeycomb panels and stone honeycomb panels, creating Many industry-leading application cases are the leading enterprises in the development and industrial application of sandwich composite materials in China.

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