WINBO-Dongjian Automotive Technology Co (SZSE:300978) Debt-to-Equity : 0.35 (As of Mar. 2024)

View and export this data going back to 2021. Start your Free Trial

What is WINBO-Dongjian Automotive Technology Co Debt-to-Equity?

WINBO-Dongjian Automotive Technology Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥439 Mil. WINBO-Dongjian Automotive Technology Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥145 Mil. WINBO-Dongjian Automotive Technology Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥1,657 Mil. WINBO-Dongjian Automotive Technology Co's debt to equity for the quarter that ended in Mar. 2024 was 0.35.

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

SZSE:300978' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.07 Med: 0.24 Max: 0.5
Current: 0.35

During the past 8 years, the highest Debt-to-Equity Ratio of WINBO-Dongjian Automotive Technology Co was 0.50. The lowest was 0.07. And the median was 0.24.

SZSE:300978's Debt-to-Equity is ranked better than
60.02% of 1173 companies
in the Vehicles & Parts industry
Industry Median: 0.47 vs SZSE:300978: 0.35

WINBO-Dongjian Automotive Technology Co Debt-to-Equity Historical Data

The historical data trend for WINBO-Dongjian Automotive 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.

* Premium members only.

WINBO-Dongjian Automotive Technology Co Debt-to-Equity Chart

WINBO-Dongjian Automotive Technology Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

0.07

0.17

0.32

0.35

0.19

WINBO-Dongjian Automotive 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															0.29	0.30	0.26	0.19	0.35

Competitive Comparison of WINBO-Dongjian Automotive Technology Co's Debt-to-Equity

For the Auto Parts subindustry, WINBO-Dongjian Automotive 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.

WINBO-Dongjian Automotive Technology Co's Debt-to-Equity Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, WINBO-Dongjian Automotive Technology Co's Debt-to-Equity distribution charts can be found below:

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

WINBO-Dongjian Automotive Technology Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

WINBO-Dongjian Automotive 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
	=	(155.13	+	149.59)	/	1615.369
	=	0.19

WINBO-Dongjian Automotive 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
	=	(438.981	+	145.133)	/	1656.557
	=	0.35

WINBO-Dongjian Automotive Technology Co (SZSE:300978) 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.

WINBO-Dongjian Automotive Technology Co Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of WINBO-Dongjian Automotive Technology Co's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

WINBO-Dongjian Automotive Technology Co (SZSE:300978) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » WINBO-Dongjian Automotive Technology Co Ltd (SZSE:300978) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

No. B333, Lecong Avenue West, Lecong Town, Shunde District, Guangdong Province, Foshan, CHN, 528315

Website

https://www.dongjian.cc

WINBO-Dongjian Automotive Technology Co Ltd is engaged in the research and development, production and sales of vehicle side bearing decoration system products, vehicle front and rear protection system products, vehicle interconnected intelligent electromechanical system products, roof loading system products and other vehicle system products.

Executives

Ma Yong Tao	Director
Xia Yan Hua	Directors, executives
Luo Jun	Directors, executives
Chen Zi Jia	Directors, executives

WINBO-Dongjian Automotive Technology Co (SZSE:300978) Headlines

No Headlines