Han's Laser Technology Industry Group Co (SZSE:002008) Debt-to-Equity : 0.34 (As of Mar. 2024)

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What is Han's Laser Technology Industry Group Co Debt-to-Equity?

Han's Laser Technology Industry Group Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥2,941 Mil. Han's Laser Technology Industry Group Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥2,417 Mil. Han's Laser Technology Industry Group Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥15,818 Mil. Han's Laser Technology Industry Group Co's debt to equity for the quarter that ended in Mar. 2024 was 0.34.

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 Han's Laser Technology Industry Group Co's Debt-to-Equity or its related term are showing as below:

SZSE:002008' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.12 Med: 0.39 Max: 0.62
Current: 0.34

During the past 13 years, the highest Debt-to-Equity Ratio of Han's Laser Technology Industry Group Co was 0.62. The lowest was 0.12. And the median was 0.39.

SZSE:002008's Debt-to-Equity is ranked worse than
54.81% of 2631 companies
in the Industrial Products industry
Industry Median: 0.29 vs SZSE:002008: 0.34

Han's Laser Technology Industry Group Co Debt-to-Equity Historical Data

The historical data trend for Han's Laser Technology Industry Group 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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Han's Laser Technology Industry Group Co Debt-to-Equity Chart

Han's Laser Technology Industry Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.40

0.39

0.41

0.47

Han's Laser Technology Industry Group 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															0.41	0.41	0.43	0.47	0.34

Competitive Comparison of Han's Laser Technology Industry Group Co's Debt-to-Equity

For the Specialty Industrial Machinery subindustry, Han's Laser Technology Industry Group 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.

Han's Laser Technology Industry Group Co's Debt-to-Equity Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Han's Laser Technology Industry Group Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Han's Laser Technology Industry Group Co's Debt-to-Equity falls into.

Han's Laser Technology Industry Group Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Han's Laser Technology Industry Group 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
	=	(4764.801	+	2298.192)	/	15000.349
	=	0.47

Han's Laser Technology Industry Group 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
	=	(2941.416	+	2416.913)	/	15818.49
	=	0.34

Han's Laser Technology Industry Group Co (SZSE:002008) 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.

Han's Laser Technology Industry Group Co Debt-to-Equity Related Terms

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Han's Laser Technology Industry Group Co (SZSE:002008) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Han's Laser Technology Industry Group Co Ltd (SZSE:002008) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

NO. 9988 Shennan Avenue, Han's Laser Building, Nanshan District, Guangdong Province, Shenzhen, CHN, 518057

Website

http://www.hanslaser.com

Founded in 2001, Han's Laser is engaged in manufacturing laser and printed circuit board processing equipment including engravers, welding machines and cutters. It is China's largest laser equipment supplier and the world's third-largest. The company's equipment is applied in the production of consumer electronics, integrated circuits, telecom equipment, auto parts, aerospace, railways and medical devices. The company is headquartered in Shenzhen, China. The group employs nearly 20,000 people and has over 100 offices in China and about 20 countries abroad.

Executives

Du Yong Gang	Directors, executives
Chen Ke Sheng	Executives
Ren Ning	Executives
Zhou Hui Qiang	Executives
Zhang Jian Qun	Directors, executives
Ning Yan Hua	Executives
Yang Chao Hui	Executives
Huang Xiang Hu	Executives
Yin Jian Gang	Executives
Zhao Guang Hui	Executives
Chen Xue Mei	Supervisors
Li Yu Ting	Executives
Chen Yan	Executives
Wang Lin	Securities Affairs Representative
Zhang Hong Xin	Executives

Han's Laser Technology Industry Group Co (SZSE:002008) Headlines

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