Shandong Tengda Fasten Tech Co (SZSE:001379) Debt-to-Equity : 0.02 (As of Mar. 2024)

Shandong Tengda Fasten Tech Co Debt-to-Equity Chart

Shandong Tengda Fasten Tech Co Quarterly Data
	Dec19	Dec20	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial							-	0.02	0.03	0.05	0.02

Competitive Comparison of Shandong Tengda Fasten Tech Co's Debt-to-Equity

For the Tools & Accessories subindustry, Shandong Tengda Fasten Tech 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.

Shandong Tengda Fasten Tech Co's Debt-to-Equity Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Shandong Tengda Fasten Tech Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Shandong Tengda Fasten Tech Co's Debt-to-Equity falls into.

Shandong Tengda Fasten Tech Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Shandong Tengda Fasten Tech Co's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Shandong Tengda Fasten Tech Co's Debt to Equity Ratio for the quarter that ended in Mar. 2024 is calculated as

* 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.

Shandong Tengda Fasten Tech Co  (SZSE:001379) 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.

Shandong Tengda Fasten Tech Co Debt-to-Equity Related Terms

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Shandong Tengda Fasten Tech Co (SZSE:001379) Business Description