Sichuan Chengfei Integration Technology (SZSE:002190) Debt-to-Equity : 0.18 (As of Mar. 2024)

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What is Sichuan Chengfei Integration Technology Debt-to-Equity?

Sichuan Chengfei Integration Technology's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥191 Mil. Sichuan Chengfei Integration Technology's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥313 Mil. Sichuan Chengfei Integration Technology's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥2,884 Mil. Sichuan Chengfei Integration Technology's debt to equity for the quarter that ended in Mar. 2024 was 0.17.

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 Sichuan Chengfei Integration Technology's Debt-to-Equity or its related term are showing as below:

SZSE:002190' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.03 Med: 0.14 Max: 1.18
Current: 0.18

During the past 13 years, the highest Debt-to-Equity Ratio of Sichuan Chengfei Integration Technology was 1.18. The lowest was 0.03. And the median was 0.14.

SZSE:002190's Debt-to-Equity is ranked better than
74.68% of 1173 companies
in the Vehicles & Parts industry
Industry Median: 0.47 vs SZSE:002190: 0.18

Sichuan Chengfei Integration Technology Debt-to-Equity Historical Data

The historical data trend for Sichuan Chengfei Integration Technology'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.

Sichuan Chengfei Integration Technology Debt-to-Equity Chart

Sichuan Chengfei Integration Technology Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

0.04

0.06

0.04

0.08

0.16

Sichuan Chengfei Integration Technology 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															0.09	0.12	0.13	0.16	0.18

Competitive Comparison of Sichuan Chengfei Integration Technology's Debt-to-Equity

For the Auto Parts subindustry, Sichuan Chengfei Integration Technology'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.

Sichuan Chengfei Integration Technology's Debt-to-Equity Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Sichuan Chengfei Integration Technology's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Sichuan Chengfei Integration Technology's Debt-to-Equity falls into.

Sichuan Chengfei Integration Technology Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Sichuan Chengfei Integration Technology'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
	=	(232.202	+	292.479)	/	3248.837
	=	0.16

Sichuan Chengfei Integration Technology'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
	=	(190.637	+	313.271)	/	2883.616
	=	0.17

Sichuan Chengfei Integration Technology (SZSE:002190) 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.

Sichuan Chengfei Integration Technology Debt-to-Equity Related Terms

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Sichuan Chengfei Integration Technology (SZSE:002190) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Sichuan Chengfei Integration Technology Corp Ltd (SZSE:002190) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 5 Gaopeng Avenue, Chengdu Hi-Tech Industrial Development Zone, Sichuan, Chengdu, CHN, 610041

Website

http://www.cac-citc.com.cn

Sichuan Chengfei Integration Technology Corp Ltd is operating in the auto parts industry. The company is principally engaged in the design, development, and manufacturing of the tools and dies, with typical products such as the dies for the large and high-grade outer skin panels such as the body side, roof, doors, and fenders used in medium and high-grade cars.

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