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Changchun Up Optotech Co (SZSE:002338) Debt-to-Equity : 0.19 (As of Mar. 2024)


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What is Changchun Up Optotech Co Debt-to-Equity?

Changchun Up Optotech Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥123.3 Mil. Changchun Up Optotech Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥118.1 Mil. Changchun Up Optotech Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥1,249.9 Mil. Changchun Up Optotech Co's debt to equity for the quarter that ended in Mar. 2024 was 0.19.

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 Changchun Up Optotech Co's Debt-to-Equity or its related term are showing as below:

SZSE:002338' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01   Med: 0.01   Max: 0.23
Current: 0.19

During the past 13 years, the highest Debt-to-Equity Ratio of Changchun Up Optotech Co was 0.23. The lowest was 0.01. And the median was 0.01.

SZSE:002338's Debt-to-Equity is ranked better than
61.01% of 2188 companies
in the Hardware industry
Industry Median: 0.29 vs SZSE:002338: 0.19

Changchun Up Optotech Co Debt-to-Equity Historical Data

The historical data trend for Changchun Up Optotech 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.

Changchun Up Optotech Co Debt-to-Equity Chart

Changchun Up Optotech Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.01 - 0.01 0.18 0.23

Changchun Up Optotech 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.18 0.18 0.19 0.23 0.19

Competitive Comparison of Changchun Up Optotech Co's Debt-to-Equity

For the Scientific & Technical Instruments subindustry, Changchun Up Optotech 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.


Changchun Up Optotech Co's Debt-to-Equity Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Changchun Up Optotech Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Changchun Up Optotech Co's Debt-to-Equity falls into.



Changchun Up Optotech Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Changchun Up Optotech Co's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Changchun Up Optotech 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.


Changchun Up Optotech Co  (SZSE:002338) 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.


Changchun Up Optotech Co Debt-to-Equity Related Terms

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Changchun Up Optotech Co (SZSE:002338) Business Description

Traded in Other Exchanges
N/A
Address
18 YingKou Road, Changchun Economic Technology Development Zone, changchun, CHN
Changchun Up Optotech Co Ltd is engaged in the development, production, and sales of photoelectric measuring and controlling instruments, new medical testing instruments, and optical materials. The products of the company include TV goniometer, an antenna base, photoelectric theodolite optical subsystem, radar antenna base, and K9 optical glass.
Executives
Zhang Yan Hui Executives
Sheng Shou Qing Executives
Li Jun Yi Executives
Wang Xiao Dong Secretary Dong
Song Zhi Yi Director
Ma Ming Ya Director

Changchun Up Optotech Co (SZSE:002338) Headlines

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