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Hunan Hengguang Technology Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was ¥169 Mil. Hunan Hengguang Technology Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was ¥362 Mil. Hunan Hengguang Technology Co's Total Stockholders Equity for the quarter that ended in Sep. 2024 was ¥1,336 Mil. Hunan Hengguang Technology Co's debt to equity for the quarter that ended in Sep. 2024 was 0.40.
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 Hunan Hengguang Technology Co's Debt-to-Equity or its related term are showing as below:
During the past 10 years, the highest Debt-to-Equity Ratio of Hunan Hengguang Technology Co was 0.40. The lowest was 0.01. And the median was 0.08.
The historical data trend for Hunan Hengguang 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.
Hunan Hengguang Technology Co Annual Data | |||||||||||||||||||||
Trend | Dec12 | Dec13 | Dec14 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Debt-to-Equity | Get a 7-Day Free Trial | 0.02 | 0.06 | 0.06 | 0.12 | 0.33 |
Hunan Hengguang Technology Co Quarterly Data | ||||||||||||||||||||
Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | Jun24 | Sep24 | |
Debt-to-Equity | Get a 7-Day Free Trial | 0.31 | 0.33 | 0.39 | 0.40 | 0.40 |
For the Chemicals subindustry, Hunan Hengguang 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.
For the Chemicals industry and Basic Materials sector, Hunan Hengguang Technology Co's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Hunan Hengguang Technology Co's Debt-to-Equity falls into.
Debt to Equity measures the financial leverage a company has.
Hunan Hengguang 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 | |
= | (46.479 | + | 409.251) | / | 1387.367 | |
= | 0.33 |
Hunan Hengguang Technology Co's Debt to Equity Ratio for the quarter that ended in Sep. 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 | |
= | (169.124 | + | 362.469) | / | 1336.401 | |
= | 0.40 |
* 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.
Hunan Hengguang Technology Co (SZSE:301118) 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.
Thank you for viewing the detailed overview of Hunan Hengguang Technology Co's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Tan Yan Chun | Executives | |
Zhu You Liang | Secretary, Director | |
Hu Jian Xin | Executives |
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