Viomi Technology Co (Viomi Technology Co) Debt-to-Equity : 0.19 (As of Jun. 2023)

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What is Viomi Technology Co Debt-to-Equity?

Viomi Technology Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was $18.1 Mil. Viomi Technology Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was $18.4 Mil. Viomi Technology Co's Total Stockholders Equity for the quarter that ended in Jun. 2023 was $195.0 Mil. Viomi Technology Co's debt to equity for the quarter that ended in Jun. 2023 was 0.19.

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

VIOT' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.02 Max: 0.19
Current: 0.19

During the past 7 years, the highest Debt-to-Equity Ratio of Viomi Technology Co was 0.19. The lowest was 0.01. And the median was 0.02.

VIOT's Debt-to-Equity is ranked better than
67.36% of 383 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 0.35 vs VIOT: 0.19

Viomi Technology Co Debt-to-Equity Historical Data

The historical data trend for Viomi 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.

Viomi Technology Co Debt-to-Equity Chart

Viomi Technology Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Debt-to-Equity

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0.09

0.01

0.02

0.10

Viomi Technology Co Quarterly Data
	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Jun23
Debt-to-Equity	Get a 7-Day Free Trial															0.05	0.07	0.08	0.10	0.19

Competitive Comparison of Viomi Technology Co's Debt-to-Equity

For the Furnishings, Fixtures & Appliances subindustry, Viomi 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.

Viomi Technology Co's Debt-to-Equity Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Viomi Technology Co's Debt-to-Equity distribution charts can be found below:

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

Viomi Technology Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Viomi Technology Co's Debt to Equity Ratio for the fiscal year that ended in Dec. 2022 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
	=	(3.937	+	17.405)	/	205.51
	=	0.10

Viomi Technology Co's Debt to Equity Ratio for the quarter that ended in Jun. 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
	=	(18.129	+	18.405)	/	195.044
	=	0.19

Viomi Technology Co (NAS:VIOT) 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.

Viomi Technology Co Debt-to-Equity Related Terms

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Viomi Technology Co (Viomi Technology Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Viomi Technology Co Ltd (NAS:VIOT) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Xingang East Road, Wansheng Square, Room 1302 Tower C, Haizhu District, Guangdong, Guangzhou, CHN, 510220

Website

https://www.viomi.com.cn

Viomi Technology Co Ltd along with its subsidiaries provides Internet of Things (IoT) enabled smart home products through its platform. It has developed an IoT Home platform, consisting of an ecosystem of IoT Home portfolio, and home water solutions, together with a suite of complementary consumable products and small appliances and others. Its product offerings include Smart kitchen products like refrigerators, oven steamers, dishwashers, and gas stoves, Other smart products such as air conditioning systems, washing machines, water heaters, smart water kettles, interactive smart screens, and other smart devices, and Home water solutions include self-branded and Xiaomi-branded smart water purifiers.