Tansun Technology Co (SZSE:300872) Debt-to-Equity : 0.42 (As of Mar. 2024)

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What is Tansun Technology Co Debt-to-Equity?

Tansun Technology Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥202 Mil. Tansun Technology Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥913 Mil. Tansun Technology Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥2,657 Mil. Tansun Technology Co's debt to equity for the quarter that ended in Mar. 2024 was 0.42.

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 Tansun Technology Co's Debt-to-Equity or its related term are showing as below:

SZSE:300872' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.06 Med: 0.21 Max: 0.74
Current: 0.42

During the past 10 years, the highest Debt-to-Equity Ratio of Tansun Technology Co was 0.74. The lowest was 0.06. And the median was 0.21.

SZSE:300872's Debt-to-Equity is ranked worse than
67.19% of 2213 companies
in the Software industry
Industry Median: 0.21 vs SZSE:300872: 0.42

Tansun Technology Co Debt-to-Equity Historical Data

The historical data trend for Tansun Technology 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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Tansun Technology Co Debt-to-Equity Chart

Tansun Technology Co Annual Data

Trend

Dec13

Dec14

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.22

0.13

0.15

0.22

0.39

Tansun Technology 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															0.45	0.38	0.35	0.39	0.42

Competitive Comparison of Tansun Technology Co's Debt-to-Equity

For the Information Technology Services subindustry, Tansun Technology 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.

Tansun Technology Co's Debt-to-Equity Distribution in the Software Industry

For the Software industry and Technology sector, Tansun Technology Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Tansun Technology Co's Debt-to-Equity falls into.

Tansun Technology Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Tansun Technology 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
	=	(124.031	+	881.321)	/	2593.606
	=	0.39

Tansun Technology 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
	=	(201.798	+	912.981)	/	2656.506
	=	0.42

Tansun Technology Co (SZSE:300872) 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.

Tansun Technology Co Debt-to-Equity Related Terms

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Tansun Technology Co (SZSE:300872) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Tansun Technology Co Ltd (SZSE:300872) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 7 Linqionggang East 1st Road, Room 608, Block A, Tibet Xixin Trading Co., Ltd, Lhasa Economic and Technological Development Zone, Tibet Autonomous Region, Lhasa, CHN, 850000

Website

http://www.tansun.com.cn

Tansun Technology Co Ltd is engaged in independent research and development of core technologies and products, focusing on customer assets (credit, transaction banking and supply chain finance), risk management, core business systems. The company is focused on providing long-term IT solutions and services for financial industry customers, including central banks, political banks, state-owned banks, joint-stock banks, local commercial banks, and non-banking financial institutions. Its services include consulting and testing services.

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