Tianjin Benefo Tejing Electric Co (SHSE:600468) Debt-to-Equity : 0.23 (As of Dec. 2023)

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What is Tianjin Benefo Tejing Electric Co Debt-to-Equity?

Tianjin Benefo Tejing Electric Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ¥454 Mil. Tianjin Benefo Tejing Electric Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ¥20 Mil. Tianjin Benefo Tejing Electric Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was ¥2,055 Mil. Tianjin Benefo Tejing Electric Co's debt to equity for the quarter that ended in Dec. 2023 was 0.23.

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 Tianjin Benefo Tejing Electric Co's Debt-to-Equity or its related term are showing as below:

SHSE:600468' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.09 Max: 0.23
Current: 0.23

During the past 13 years, the highest Debt-to-Equity Ratio of Tianjin Benefo Tejing Electric Co was 0.23. The lowest was 0.01. And the median was 0.09.

SHSE:600468's Debt-to-Equity is ranked better than
56.56% of 2620 companies
in the Industrial Products industry
Industry Median: 0.28 vs SHSE:600468: 0.23

Tianjin Benefo Tejing Electric Co Debt-to-Equity Historical Data

The historical data trend for Tianjin Benefo Tejing Electric 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.

Tianjin Benefo Tejing Electric Co Debt-to-Equity Chart

Tianjin Benefo Tejing Electric Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.06

0.09

0.16

0.18

0.23

Tianjin Benefo Tejing Electric Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															0.18	0.19	0.17	0.15	0.23

Competitive Comparison of Tianjin Benefo Tejing Electric Co's Debt-to-Equity

For the Electrical Equipment & Parts subindustry, Tianjin Benefo Tejing Electric 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.

Tianjin Benefo Tejing Electric Co's Debt-to-Equity Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Tianjin Benefo Tejing Electric Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Tianjin Benefo Tejing Electric Co's Debt-to-Equity falls into.

Tianjin Benefo Tejing Electric Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Tianjin Benefo Tejing Electric Co'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
	=	(453.766	+	20.295)	/	2054.787
	=	0.23

Tianjin Benefo Tejing Electric Co's Debt to Equity Ratio for the quarter 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
	=	(453.766	+	20.295)	/	2054.787
	=	0.23

Tianjin Benefo Tejing Electric Co (SHSE:600468) 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.

Tianjin Benefo Tejing Electric Co Debt-to-Equity Related Terms

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Tianjin Benefo Tejing Electric Co (SHSE:600468) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Tianjin Benefo Tejing Electric Co Ltd (SHSE:600468) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

No. 12, Minhe Road, Xiqing Economic Development Zone, Tianjin, Tianjin, CHN, 300385

Website

http://www.benefo.tj.cn

Tianjin Benefo Tejing Electric Co Ltd is engaged in the manufacture of transmission and distribution equipment, high and low voltage electrical components, electrical transmission and distribution equipment in China. Its products include circuit breaker series, switch series, AC contactor and relay series.

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