Gome Telecom Equipment Co (SHSE:600898) Debt-to-Equity : -1.39 (As of Mar. 2024)

View and export this data going back to 1996. Start your Free Trial

What is Gome Telecom Equipment Co Debt-to-Equity?

Gome Telecom Equipment Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥83.43 Mil. Gome Telecom Equipment Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥48.29 Mil. Gome Telecom Equipment Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥-94.58 Mil. Gome Telecom Equipment Co's debt to equity for the quarter that ended in Mar. 2024 was -1.39.

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 Gome Telecom Equipment Co's Debt-to-Equity or its related term are showing as below:

SHSE:600898' s Debt-to-Equity Range Over the Past 10 Years
Min: -81.35 Med: 1.81 Max: 34.38
Current: -1.39

During the past 13 years, the highest Debt-to-Equity Ratio of Gome Telecom Equipment Co was 34.38. The lowest was -81.35. And the median was 1.81.

SHSE:600898's Debt-to-Equity is not ranked
in the Hardware industry.
Industry Median: 0.28 vs SHSE:600898: -1.39

Gome Telecom Equipment Co Debt-to-Equity Historical Data

The historical data trend for Gome Telecom Equipment 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.

Gome Telecom Equipment Co Debt-to-Equity Chart

Gome Telecom Equipment Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

-0.75

16.82

1.65

5.07

-1.59

Gome Telecom Equipment Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															9.07	-81.35	-8.06	-1.59	-1.39

Competitive Comparison of Gome Telecom Equipment Co's Debt-to-Equity

For the Consumer Electronics subindustry, Gome Telecom Equipment 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.

Gome Telecom Equipment Co's Debt-to-Equity Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Gome Telecom Equipment Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Gome Telecom Equipment Co's Debt-to-Equity falls into.

Gome Telecom Equipment Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Gome Telecom Equipment 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
	=	(77.574	+	55.268)	/	-83.35
	=	-1.59

Gome Telecom Equipment Co's Debt to Equity Ratio for the quarter that ended in Mar. 2024 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
	=	(83.43	+	48.285)	/	-94.583
	=	-1.39

Gome Telecom Equipment Co (SHSE:600898) 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.

Gome Telecom Equipment Co Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Gome Telecom Equipment Co's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Gome Telecom Equipment Co (SHSE:600898) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Gome Telecom Equipment Co (SHSE:600898) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

No. 12 Baotuquan North Road, Lixia District, Shandong Province, Jinan, CHN, 250011

Website

http://www.gometech.com.cn

Gome Telecom Equipment Co is a China-based company. Its main business activities include the development, production, and sales of intelligent mobile terminals, communications, and other electronic equipment manufacturing. Products offered by the company include private-label mobile phones, original design manufacturer (ODM) mobile communication devices and ODM mobile communication motherboards. The company also design, produce and sell mobile phones under its brand Gome mobile phones.

Gome Telecom Equipment Co (SHSE:600898) Headlines

No Headlines