Shenzhen Xinhao Photoelectricity Technology Co (SZSE:301051) Debt-to-Equity : 0.61 (As of Mar. 2024)

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What is Shenzhen Xinhao Photoelectricity Technology Co Debt-to-Equity?

Shenzhen Xinhao Photoelectricity Technology Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥1,313 Mil. Shenzhen Xinhao Photoelectricity Technology Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥301 Mil. Shenzhen Xinhao Photoelectricity Technology Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥2,641 Mil. Shenzhen Xinhao Photoelectricity Technology Co's debt to equity for the quarter that ended in Mar. 2024 was 0.61.

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

SZSE:301051' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.07 Med: 0.35 Max: 0.61
Current: 0.61

During the past 8 years, the highest Debt-to-Equity Ratio of Shenzhen Xinhao Photoelectricity Technology Co was 0.61. The lowest was 0.07. And the median was 0.35.

SZSE:301051's Debt-to-Equity is ranked worse than
73.59% of 2196 companies
in the Hardware industry
Industry Median: 0.29 vs SZSE:301051: 0.61

Shenzhen Xinhao Photoelectricity Technology Co Debt-to-Equity Historical Data

The historical data trend for Shenzhen Xinhao Photoelectricity 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.

Shenzhen Xinhao Photoelectricity Technology Co Debt-to-Equity Chart

Shenzhen Xinhao Photoelectricity Technology Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.07

0.38

0.20

0.55

0.53

Shenzhen Xinhao Photoelectricity Technology Co Quarterly Data
	Dec17	Dec18	Sep19	Dec19	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															0.51	0.60	0.55	0.53	0.61

Competitive Comparison of Shenzhen Xinhao Photoelectricity Technology Co's Debt-to-Equity

For the Electronic Components subindustry, Shenzhen Xinhao Photoelectricity 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.

Shenzhen Xinhao Photoelectricity Technology Co's Debt-to-Equity Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Shenzhen Xinhao Photoelectricity Technology Co's Debt-to-Equity distribution charts can be found below:

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

Shenzhen Xinhao Photoelectricity Technology Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Shenzhen Xinhao Photoelectricity 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
	=	(1210.08	+	189.573)	/	2653.55
	=	0.53

Shenzhen Xinhao Photoelectricity 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
	=	(1312.993	+	301.184)	/	2640.789
	=	0.61

Shenzhen Xinhao Photoelectricity Technology Co (SZSE:301051) 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.

Shenzhen Xinhao Photoelectricity Technology Co Debt-to-Equity Related Terms

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Shenzhen Xinhao Photoelectricity Technology Co (SZSE:301051) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Shenzhen Xinhao Photoelectricity Technology Co Ltd (SZSE:301051) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 139, Furui Road, Fuyong Street, Zone B, 1st Floor, Building 1, Dayang Development Zone, Baoan District, Guangdong Province, Shenzhen, CHN, 518128

Website

http://www.xinhaoph.com

Shenzhen Xinhao Photoelectricity Technology Co Ltd is engaged in the research and development, production and sales of glass protective screens.

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