Paranovus Entertainment Technology (Paranovus Entertainment Technology) Debt-to-Equity : 0.00 (As of Sep. 2023)

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What is Paranovus Entertainment Technology Debt-to-Equity?

Paranovus Entertainment Technology's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $0.00 Mil. Paranovus Entertainment Technology's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $0.00 Mil. Paranovus Entertainment Technology's Total Stockholders Equity for the quarter that ended in Sep. 2023 was $10.68 Mil. Paranovus Entertainment Technology's debt to equity for the quarter that ended in Sep. 2023 was 0.00.

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 Paranovus Entertainment Technology's Debt-to-Equity or its related term are showing as below:

PAVS' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.02 Med: 0.03 Max: 0.15
Current: 0.21

During the past 7 years, the highest Debt-to-Equity Ratio of Paranovus Entertainment Technology was 0.15. The lowest was 0.02. And the median was 0.03.

PAVS's Debt-to-Equity is ranked better than
67.3% of 1639 companies
in the Consumer Packaged Goods industry
Industry Median: 0.41 vs PAVS: 0.21

Paranovus Entertainment Technology Debt-to-Equity Historical Data

The historical data trend for Paranovus Entertainment Technology'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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Paranovus Entertainment Technology Debt-to-Equity Chart

Paranovus Entertainment Technology Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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0.02

0.03

0.02

0.03

0.15

Paranovus Entertainment Technology Semi-Annual Data
	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial									0.02	0.03	0.04	0.15	-

Competitive Comparison of Paranovus Entertainment Technology's Debt-to-Equity

For the Packaged Foods subindustry, Paranovus Entertainment Technology'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.

Paranovus Entertainment Technology's Debt-to-Equity Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Paranovus Entertainment Technology's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Paranovus Entertainment Technology's Debt-to-Equity falls into.

Paranovus Entertainment Technology Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Paranovus Entertainment Technology's Debt to Equity Ratio for the fiscal year that ended in Mar. 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
	=	(2.241	+	0)	/	14.759
	=	0.15

Paranovus Entertainment Technology's Debt to Equity Ratio for the quarter that ended in Sep. 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
	=	(0	+	0)	/	10.677
	=	0.00

Paranovus Entertainment Technology (NAS:PAVS) 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.

Paranovus Entertainment Technology Debt-to-Equity Related Terms

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Paranovus Entertainment Technology (Paranovus Entertainment Technology) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Paranovus Entertainment Technology Ltd (NAS:PAVS) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Number 11, Dongjiao East Road, Shuangxi, Shunchang, Fujian Province, Nanping, CHN, 353200

Website

https://www.happ.org.cn

Paranovus Entertainment Technology Ltd is a nutraceutical and dietary supplements producer focused on the research, development, manufacturing, and marketing of products made from Chinese herbal extracts. The company's segment includes Healthcare products; Automobile; Online store and Internet information and advertising service. It generates maximum revenue from the Online store segment.