Guangdong LingXiao Pump Industry Co (SZSE:002884) Debt-to-Equity : 0.00 (As of Mar. 2024)

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What is Guangdong LingXiao Pump Industry Co Debt-to-Equity?

Guangdong LingXiao Pump Industry Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥0 Mil. Guangdong LingXiao Pump Industry Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥0 Mil. Guangdong LingXiao Pump Industry Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥2,331 Mil. Guangdong LingXiao Pump Industry Co's debt to equity for the quarter that ended in Mar. 2024 was 0.00.

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 Guangdong LingXiao Pump Industry Co's Debt-to-Equity or its related term are showing as below:

SZSE:002884's Debt-to-Equity is not ranked ^*
in the Industrial Products industry.
Industry Median: 0.28
* Ranked among companies with meaningful Debt-to-Equity only.

Guangdong LingXiao Pump Industry Co Debt-to-Equity Historical Data

The historical data trend for Guangdong LingXiao Pump Industry 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.

Guangdong LingXiao Pump Industry Co Debt-to-Equity Chart

Guangdong LingXiao Pump Industry Co Annual Data

Trend

Dec14

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Dec21

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Dec23

Debt-to-Equity

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Guangdong LingXiao Pump Industry Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
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Competitive Comparison of Guangdong LingXiao Pump Industry Co's Debt-to-Equity

For the Specialty Industrial Machinery subindustry, Guangdong LingXiao Pump Industry 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.

Guangdong LingXiao Pump Industry Co's Debt-to-Equity Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Guangdong LingXiao Pump Industry Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Guangdong LingXiao Pump Industry Co's Debt-to-Equity falls into.

Guangdong LingXiao Pump Industry Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Guangdong LingXiao Pump Industry 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
	=	(0	+	0)	/	2237.863
	=	0.00

Guangdong LingXiao Pump Industry 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
	=	(0	+	0)	/	2331.439
	=	0.00

Guangdong LingXiao Pump Industry Co (SZSE:002884) 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.

Guangdong LingXiao Pump Industry Co Debt-to-Equity Related Terms

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Guangdong LingXiao Pump Industry Co (SZSE:002884) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Guangdong LingXiao Pump Industry Co Ltd (SZSE:002884) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Spring Road, No. 117, Spring Town, Guangdong Province, Yangchun City, CHN, 529600

Website

http://www.lingxiao.com.cn

Guangdong LingXiao Pump Industry Co Ltd is a manufacturer of small household electric pump and industry support electric pump in China. The product range comprises hydromassage pump, swimming pool pump, SPA pump, stainless centrifugal pump, clean water pump, submersible pump, industry in-line pump, and variable frequency constant pressure water supply equipment. The company also exports its products to over 100 countries or regions worldwide.

Executives

Lu Feng Juan	Executives
Wang Hai Bo	Directors, executives
Qiu Yan Fei	Securities Affairs Representative
Liu Zi Geng	Secretary, Director
Chen Jia Chao	Directors, executives
Li Guang Yong	Directors, executives

Guangdong LingXiao Pump Industry Co (SZSE:002884) Headlines

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