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Tiand Di Science & Technology Co (SHSE:600582) Debt-to-Equity : 0.06 (As of Dec. 2023)


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What is Tiand Di Science & Technology Co Debt-to-Equity?

Tiand Di Science & Technology Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ¥1,095 Mil. Tiand Di Science & Technology Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ¥324 Mil. Tiand Di Science & Technology Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was ¥22,941 Mil. Tiand Di Science & Technology Co's debt to equity for the quarter that ended in Dec. 2023 was 0.06.

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 Tiand Di Science & Technology Co's Debt-to-Equity or its related term are showing as below:

SHSE:600582' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.03   Med: 0.11   Max: 0.26
Current: 0.06

During the past 13 years, the highest Debt-to-Equity Ratio of Tiand Di Science & Technology Co was 0.26. The lowest was 0.03. And the median was 0.11.

SHSE:600582's Debt-to-Equity is ranked better than
91.49% of 188 companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 0.405 vs SHSE:600582: 0.06

Tiand Di Science & Technology Co Debt-to-Equity Historical Data

The historical data trend for Tiand Di Science & 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.

Tiand Di Science & Technology Co Debt-to-Equity Chart

Tiand Di Science & Technology Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.04 0.04 0.03 0.03 0.06

Tiand Di Science & Technology 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 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 0.03 0.03 0.03 0.03 0.06

Competitive Comparison of Tiand Di Science & Technology Co's Debt-to-Equity

For the Farm & Heavy Construction Machinery subindustry, Tiand Di Science & 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.


Tiand Di Science & Technology Co's Debt-to-Equity Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Tiand Di Science & Technology Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Tiand Di Science & Technology Co's Debt-to-Equity falls into.



Tiand Di Science & Technology Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Tiand Di Science & Technology Co's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Tiand Di Science & Technology Co's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

* 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.


Tiand Di Science & Technology Co  (SHSE:600582) 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.


Tiand Di Science & Technology Co Debt-to-Equity Related Terms

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Tiand Di Science & Technology Co (SHSE:600582) Business Description

Traded in Other Exchanges
N/A
Address
No. 5 Qing Nian Gou Road, He Ping Avenue, Chaoyang District, Beijing, CHN, 100013
Tiand Di Science & Technology Co Ltd is a China-based company. The company's main business includes mine production process automation, mechanization, information equipment development, manufacturing, and system integration; coal washing equipment development and manufacturing and general contracting of the coal preparation plant.

Tiand Di Science & Technology Co (SHSE:600582) Headlines

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