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China Information Technology Inc  (NAS:CNIT) Debt-to-Equity: 1.74 (As of Jun. 2017)

China Information Technology Inc's Current Portion of Long-Term Debt for the quarter that ended in Jun. 2017 was $6.79 Mil. China Information Technology Inc's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2017 was $0.00 Mil. China Information Technology Inc's Total Equity for the quarter that ended in Jun. 2017 was $3.90 Mil. China Information Technology Inc's debt to equity for the quarter that ended in Jun. 2017 was 1.74.

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.

NAS:CNIT' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01   Max: 2.83
Current: 1.74

0.01
2.83

During the past 12 years, the highest Debt-to-Equity Ratio of China Information Technology Inc was 2.83. The lowest was 0.01. And the median was 0.49.

NAS:CNIT's Debt-to-Equity is ranked lower than
94% of the 1135 Companies
in the Global industry.

( Industry Median: 0.24 vs. NAS:CNIT: 1.74 )

Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

* Premium members only.

China Information Technology Inc Annual Data

Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16
Debt-to-Equity Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.59 1.59 2.67 0.74 2.10

China Information Technology Inc Semi-Annual Data

Dec07 Jun08 Dec08 Jun09 Dec09 Jun10 Dec10 Jun11 Dec11 Jun12 Dec12 Jun13 Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17
Debt-to-Equity Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.83 0.74 0.46 2.10 1.74

Competitive Comparison
* 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.


Calculation

Debt to Equity measures the financial leverage a company has.

China Information Technology Inc's Debt to Equity Ratio for the fiscal year that ended in Dec. 2016 is calculated as

China Information Technology Inc's Debt to Equity Ratio for the quarter that ended in Jun. 2017 is calculated as

Debt to Equity=Total Debt / Total Equity
=(Current Portion of Long-Term Debt + Long-Term Debt & Capital Lease Obligation) / Total Equity
=(6.791 + 0) / 3.899
=1.74

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


Explanation

In the calculation of Debt to Equity, we use the total of Current Portion of Long-Term Debt and Long-Term Debt & Capital Lease Obligation divided by Total 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.


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