Zhejiang Furun Digital Technology Co (SHSE:600070) Debt-to-Equity : 0.10 (As of Sep. 2023)

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What is Zhejiang Furun Digital Technology Co Debt-to-Equity?

Zhejiang Furun Digital Technology Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ¥102.6 Mil. Zhejiang Furun Digital Technology Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ¥5.6 Mil. Zhejiang Furun Digital Technology Co's Total Stockholders Equity for the quarter that ended in Sep. 2023 was ¥1,055.2 Mil. Zhejiang Furun Digital Technology Co's debt to equity for the quarter that ended in Sep. 2023 was 0.10.

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

SHSE:600070' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.09 Med: 0.21 Max: 0.45
Current: 0.1

During the past 13 years, the highest Debt-to-Equity Ratio of Zhejiang Furun Digital Technology Co was 0.45. The lowest was 0.09. And the median was 0.21.

SHSE:600070's Debt-to-Equity is ranked better than
82.12% of 934 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.445 vs SHSE:600070: 0.10

Zhejiang Furun Digital Technology Co Debt-to-Equity Historical Data

The historical data trend for Zhejiang Furun Digital 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.

Zhejiang Furun Digital Technology Co Debt-to-Equity Chart

Zhejiang Furun Digital Technology Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Debt-to-Equity

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0.20

0.18

0.28

0.23

0.11

Zhejiang Furun Digital Technology Co Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial															0.16	0.11	0.09	0.10	0.10

Competitive Comparison of Zhejiang Furun Digital Technology Co's Debt-to-Equity

For the Textile Manufacturing subindustry, Zhejiang Furun Digital 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.

Zhejiang Furun Digital Technology Co's Debt-to-Equity Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Zhejiang Furun Digital Technology Co's Debt-to-Equity distribution charts can be found below:

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

Zhejiang Furun Digital Technology Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Zhejiang Furun Digital 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
	=	(130.352	+	1.873)	/	1227.415
	=	0.11

Zhejiang Furun Digital Technology Co'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
	=	(102.644	+	5.614)	/	1055.162
	=	0.10

Zhejiang Furun Digital Technology Co (SHSE:600070) 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.

Zhejiang Furun Digital Technology Co Debt-to-Equity Related Terms

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Zhejiang Furun Digital Technology Co (SHSE:600070) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Zhejiang Furun Digital Technology Co Ltd (SHSE:600070) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

No. 12 Taozhu South Road, Zhuji, Zhejiang, CHN, 311800

Website

http://www.furun.net

Zhejiang Furun Digital Technology Co Ltd, formerly Zhejiang Furun Co Ltd is a China-based company engaged in the textiles business. It offers silk and wool; textile, decorative, and knitted fabrics; and knitted and woven garments. It is also involved in the silk spinning, printing, and dyeing; steel pipe processing and production; and commerce businesses. In addition, the company engages in the development and application of the Internet and big data.

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