Zhuhai Bojay Electronics Co (SZSE:002975) Debt-to-Equity : 0.47 (As of Mar. 2024)

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What is Zhuhai Bojay Electronics Co Debt-to-Equity?

Zhuhai Bojay Electronics Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥281.4 Mil. Zhuhai Bojay Electronics Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥510.0 Mil. Zhuhai Bojay Electronics Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥1,676.2 Mil. Zhuhai Bojay Electronics Co's debt to equity for the quarter that ended in Mar. 2024 was 0.47.

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 Zhuhai Bojay Electronics Co's Debt-to-Equity or its related term are showing as below:

SZSE:002975' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.27 Max: 0.47
Current: 0.47

During the past 9 years, the highest Debt-to-Equity Ratio of Zhuhai Bojay Electronics Co was 0.47. The lowest was 0.01. And the median was 0.27.

SZSE:002975's Debt-to-Equity is ranked worse than
64.09% of 2629 companies
in the Industrial Products industry
Industry Median: 0.29 vs SZSE:002975: 0.47

Zhuhai Bojay Electronics Co Debt-to-Equity Historical Data

The historical data trend for Zhuhai Bojay Electronics 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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Zhuhai Bojay Electronics Co Debt-to-Equity Chart

Zhuhai Bojay Electronics Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.04

0.02

0.29

0.43

Zhuhai Bojay Electronics 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															0.30	0.36	0.39	0.43	0.47

Competitive Comparison of Zhuhai Bojay Electronics Co's Debt-to-Equity

For the Specialty Industrial Machinery subindustry, Zhuhai Bojay Electronics 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.

Zhuhai Bojay Electronics Co's Debt-to-Equity Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Zhuhai Bojay Electronics Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Zhuhai Bojay Electronics Co's Debt-to-Equity falls into.

Zhuhai Bojay Electronics Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Zhuhai Bojay Electronics 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
	=	(195.585	+	506.547)	/	1642.392
	=	0.43

Zhuhai Bojay Electronics 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
	=	(281.372	+	509.988)	/	1676.162
	=	0.47

Zhuhai Bojay Electronics Co (SZSE:002975) 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.

Zhuhai Bojay Electronics Co Debt-to-Equity Related Terms

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Zhuhai Bojay Electronics Co (SZSE:002975) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Zhuhai Bojay Electronics Co Ltd (SZSE:002975) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

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Address

No. 10, Futian Road, Xiangzhou District, Zhuhai, CHN

Website

https://www.zhbojay.com

Zhuhai Bojay Electronics Co Ltd is engaged in research & development, production, sales and related technical services of industrial automation equipment and accessories, providing automated testing and automatic assembly solutions. Its products are used in factional testing and product assembly of electronic products in consuming electronics, automotive electronics, medical electronics and industrial electronics, helping customers realize semi-automation and full automation of production lines, improving production efficiency and product quality performance. The company's products include Automation Solution, RF Test Solution, Acoustic Test Solution, Electrical Test Solution, Optical Test Solution, and Vision test Solution.

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