Colorlight Cloud Tech (SZSE:301391) Debt-to-Equity : 0.09 (As of Mar. 2024)

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What is Colorlight Cloud Tech Debt-to-Equity?

Colorlight Cloud Tech's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥174 Mil. Colorlight Cloud Tech's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥17 Mil. Colorlight Cloud Tech's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥2,216 Mil. Colorlight Cloud Tech's debt to equity for the quarter that ended in Mar. 2024 was 0.09.

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 Colorlight Cloud Tech's Debt-to-Equity or its related term are showing as below:

SZSE:301391' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.05 Med: 0.09 Max: 0.15
Current: 0.09

During the past 6 years, the highest Debt-to-Equity Ratio of Colorlight Cloud Tech was 0.15. The lowest was 0.05. And the median was 0.09.

SZSE:301391's Debt-to-Equity is ranked better than
75.15% of 2189 companies
in the Hardware industry
Industry Median: 0.29 vs SZSE:301391: 0.09

Colorlight Cloud Tech Debt-to-Equity Historical Data

The historical data trend for Colorlight Cloud Tech'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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Colorlight Cloud Tech Debt-to-Equity Chart

Colorlight Cloud Tech Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.06

0.13

0.09

0.05

Colorlight Cloud Tech Quarterly Data
	Dec18	Dec19	Dec20	Mar21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial										0.06	0.07	0.08	0.05	0.09

Competitive Comparison of Colorlight Cloud Tech's Debt-to-Equity

For the Communication Equipment subindustry, Colorlight Cloud Tech'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.

Colorlight Cloud Tech's Debt-to-Equity Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Colorlight Cloud Tech's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Colorlight Cloud Tech's Debt-to-Equity falls into.

Colorlight Cloud Tech Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Colorlight Cloud Tech'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
	=	(84.281	+	20.781)	/	2240.764
	=	0.05

Colorlight Cloud Tech'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
	=	(174.206	+	16.865)	/	2215.668
	=	0.09

Colorlight Cloud Tech (SZSE:301391) 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.

Colorlight Cloud Tech Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Colorlight Cloud Tech's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Colorlight Cloud Tech (SZSE:301391) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Colorlight Cloud Tech Ltd (SZSE:301391) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

Shenzhen International Innovation Valley, 37F-39F,Building 8, Zone A, Dashi Yilu, Nanshan District, Vanke Cloud, Shenzhen, CHN, 518055

Website

https://www.lednets.com

Colorlight Cloud Tech Ltd is engaged in the video processing algorithm as the core and hardware equipment as the carrier, it provides customers with professional display control products in the field of video images.

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