Zhejiang Chint Electrics Co (SHSE:601877) Debt-to-Equity : 0.67 (As of Sep. 2023)

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What is Zhejiang Chint Electrics Co Debt-to-Equity?

Zhejiang Chint Electrics Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ¥10,753 Mil. Zhejiang Chint Electrics Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ¥14,955 Mil. Zhejiang Chint Electrics Co's Total Stockholders Equity for the quarter that ended in Sep. 2023 was ¥38,154 Mil. Zhejiang Chint Electrics Co's debt to equity for the quarter that ended in Sep. 2023 was 0.67.

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

SHSE:601877' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.6 Max: 1.08
Current: 0.67

During the past 13 years, the highest Debt-to-Equity Ratio of Zhejiang Chint Electrics Co was 1.08. The lowest was 0.01. And the median was 0.60.

SHSE:601877's Debt-to-Equity is ranked worse than
75.69% of 2620 companies
in the Industrial Products industry
Industry Median: 0.28 vs SHSE:601877: 0.67

Zhejiang Chint Electrics Co Debt-to-Equity Historical Data

The historical data trend for Zhejiang Chint Electrics 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 Chint Electrics Co Debt-to-Equity Chart

Zhejiang Chint Electrics Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Debt-to-Equity

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0.51

0.52

0.63

0.71

0.70

Zhejiang Chint Electrics 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															0.82	0.70	0.58	0.70	0.67

Competitive Comparison of Zhejiang Chint Electrics Co's Debt-to-Equity

For the Electrical Equipment & Parts subindustry, Zhejiang Chint Electrics 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 Chint Electrics Co's Debt-to-Equity Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Zhejiang Chint Electrics Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Zhejiang Chint Electrics Co's Debt-to-Equity falls into.

Zhejiang Chint Electrics Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Zhejiang Chint Electrics 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
	=	(9464.643	+	16083.84)	/	36340.812
	=	0.70

Zhejiang Chint Electrics 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
	=	(10752.509	+	14954.56)	/	38154.292
	=	0.67

Zhejiang Chint Electrics Co (SHSE:601877) 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 Chint Electrics Co Debt-to-Equity Related Terms

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Zhejiang Chint Electrics Co (SHSE:601877) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Zhejiang Chint Electrics Co Ltd (SHSE:601877) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

Zhengtai Road, North White Elephant Industrial Park, Zhejiang, CHN, 325603

Website

http://www.chint.net

Zhejiang Chint Electrics Co Ltd through its subsidiaries engages in the research, development, production, and sale of low-voltage electrical products in China. The company offers Power Transformer, Gas Insulated Switchgear, Capacitor, Insulator and Cut-out Fuse among other products. The solutions provided by the company include Power Transmission and Distribution Equipment, Electric Power, Solar Power Generation System and Traffic Automation System.

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