Ecovacs Robotics Co (SHSE:603486) Debt-to-Equity : 0.27 (As of Sep. 2023)

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What is Ecovacs Robotics Co Debt-to-Equity?

Ecovacs Robotics Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ¥458 Mil. Ecovacs Robotics Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ¥1,314 Mil. Ecovacs Robotics Co's Total Stockholders Equity for the quarter that ended in Sep. 2023 was ¥6,665 Mil. Ecovacs Robotics Co's debt to equity for the quarter that ended in Sep. 2023 was 0.27.

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

SHSE:603486' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.06 Max: 0.35
Current: 0.27

During the past 10 years, the highest Debt-to-Equity Ratio of Ecovacs Robotics Co was 0.35. The lowest was 0.00. And the median was 0.06.

SHSE:603486's Debt-to-Equity is ranked better than
58.75% of 383 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 0.35 vs SHSE:603486: 0.27

Ecovacs Robotics Co Debt-to-Equity Historical Data

The historical data trend for Ecovacs Robotics 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.

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Ecovacs Robotics Co Debt-to-Equity Chart

Ecovacs Robotics Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Debt-to-Equity

Get a 7-Day Free Trial

0.02

0.08

0.04

0.19

0.25

Ecovacs Robotics 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															0.29	0.25	0.35	0.28	0.27

Competitive Comparison of Ecovacs Robotics Co's Debt-to-Equity

For the Furnishings, Fixtures & Appliances subindustry, Ecovacs Robotics 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.

Ecovacs Robotics Co's Debt-to-Equity Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Ecovacs Robotics Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Ecovacs Robotics Co's Debt-to-Equity falls into.

Ecovacs Robotics Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Ecovacs Robotics 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
	=	(574.191	+	998.725)	/	6429.479
	=	0.24

Ecovacs Robotics 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
	=	(458.407	+	1314.494)	/	6665.28
	=	0.27

Ecovacs Robotics Co (SHSE:603486) 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.

Ecovacs Robotics Co Debt-to-Equity Related Terms

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Ecovacs Robotics Co (SHSE:603486) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Ecovacs Robotics Co Ltd (SHSE:603486) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

No. 108 Shihu West Road, Wuzhong District, Suzhou, CHN, 215168

Website

http://www.ecovacs.cn

Ecovacs Robotics Co Ltd is primarily involved in the design, manufacture, and sale of robotic products. Its products include DEEBOT, a floor-cleaning robot; WINBOT, a window-cleaning robot; ATMOBOT, a mobile air-purifier robot; and BENEBOT, a shopping assistance robot. Ecovacs Robotics has expanded from its home market in China establishing strong sales subsidiaries in Japan, Germany and the U.S. In addition, the company has also expanded sales into a number of other major markets and regions including: Canada, the Czech Republic, France, Iran, Malaysia, Poland, Spain, Switzerland, and many more.

Ecovacs Robotics Co (SHSE:603486) Headlines

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