Chengdu Rainbow Appliance (Group) Shares Co (SZSE:003023) Debt-to-Equity : 0.00 (As of Mar. 2024)

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What is Chengdu Rainbow Appliance (Group) Shares Co Debt-to-Equity?

Chengdu Rainbow Appliance (Group) Shares Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥1 Mil. Chengdu Rainbow Appliance (Group) Shares Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥0 Mil. Chengdu Rainbow Appliance (Group) Shares Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥1,516 Mil. Chengdu Rainbow Appliance (Group) Shares 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 Chengdu Rainbow Appliance (Group) Shares Co's Debt-to-Equity or its related term are showing as below:

During the past 8 years, the highest Debt-to-Equity Ratio of Chengdu Rainbow Appliance (Group) Shares Co was 0.09. The lowest was 0.00. And the median was 0.01.

SZSE:003023's Debt-to-Equity is not ranked ^*
in the Consumer Packaged Goods industry.
Industry Median: 0.41
* Ranked among companies with meaningful Debt-to-Equity only.

Chengdu Rainbow Appliance (Group) Shares Co Debt-to-Equity Historical Data

The historical data trend for Chengdu Rainbow Appliance (Group) Shares 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.

Chengdu Rainbow Appliance (Group) Shares Co Debt-to-Equity Chart

Chengdu Rainbow Appliance (Group) Shares Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.01

Chengdu Rainbow Appliance (Group) Shares 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															-	-	-	-	-

Competitive Comparison of Chengdu Rainbow Appliance (Group) Shares Co's Debt-to-Equity

For the Household & Personal Products subindustry, Chengdu Rainbow Appliance (Group) Shares 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.

Chengdu Rainbow Appliance (Group) Shares Co's Debt-to-Equity Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Chengdu Rainbow Appliance (Group) Shares Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Chengdu Rainbow Appliance (Group) Shares Co's Debt-to-Equity falls into.

Chengdu Rainbow Appliance (Group) Shares Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Chengdu Rainbow Appliance (Group) Shares 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
	=	(1.164	+	0.596)	/	1477.661
	=	0.00

Chengdu Rainbow Appliance (Group) Shares 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
	=	(1.094	+	0.345)	/	1515.585
	=	0.00

Chengdu Rainbow Appliance (Group) Shares Co (SZSE:003023) 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.

Chengdu Rainbow Appliance (Group) Shares Co Debt-to-Equity Related Terms

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Chengdu Rainbow Appliance (Group) Shares Co (SZSE:003023) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Chengdu Rainbow Appliance (Group) Shares Co Ltd (SZSE:003023) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

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Address

No. 73, Shunjiang Section, Wuhou Avenue, Wuhou District, Sichuan Province, Chengdu, CHN, 610045

Website

http://www.rainbow.com.cn

Chengdu Rainbow Appliance (Group) Shares Co Ltd is engaged in the research and development, production and sales of household flexible heating appliances. The products offered by the company include electric blankets, electric hand warmers, and electric mosquito coil liquid, electric mosquito coils, disc mosquito coils, and insecticidal aerosols.

Chengdu Rainbow Appliance (Group) Shares Co (SZSE:003023) Headlines

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