Zhejiang Yingfeng Technology Co (SHSE:605055) Debt-to-Equity : 0.59 (As of Mar. 2024)

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What is Zhejiang Yingfeng Technology Co Debt-to-Equity?

Zhejiang Yingfeng Technology Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥597 Mil. Zhejiang Yingfeng Technology Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥79 Mil. Zhejiang Yingfeng Technology Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥1,141 Mil. Zhejiang Yingfeng Technology Co's debt to equity for the quarter that ended in Mar. 2024 was 0.59.

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

SHSE:605055' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.25 Med: 0.48 Max: 1.04
Current: 0.58

During the past 8 years, the highest Debt-to-Equity Ratio of Zhejiang Yingfeng Technology Co was 1.04. The lowest was 0.25. And the median was 0.48.

SHSE:605055's Debt-to-Equity is ranked worse than
58.07% of 935 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.44 vs SHSE:605055: 0.58

Zhejiang Yingfeng Technology Co Debt-to-Equity Historical Data

The historical data trend for Zhejiang Yingfeng 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.

Zhejiang Yingfeng Technology Co Debt-to-Equity Chart

Zhejiang Yingfeng Technology Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.46

0.67

0.39

0.60

0.46

Zhejiang Yingfeng Technology 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															0.73	0.55	0.58	0.46	0.59

Competitive Comparison of Zhejiang Yingfeng Technology Co's Debt-to-Equity

For the Textile Manufacturing subindustry, Zhejiang Yingfeng 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.

Zhejiang Yingfeng Technology Co's Debt-to-Equity Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Zhejiang Yingfeng Technology Co's Debt-to-Equity distribution charts can be found below:

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

Zhejiang Yingfeng Technology Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Zhejiang Yingfeng Technology 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
	=	(453.577	+	75.668)	/	1145.876
	=	0.46

Zhejiang Yingfeng Technology 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
	=	(597.415	+	78.96)	/	1141.252
	=	0.59

Zhejiang Yingfeng Technology Co (SHSE:605055) 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 Yingfeng Technology Co Debt-to-Equity Related Terms

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Zhejiang Yingfeng Technology Co (SHSE:605055) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Zhejiang Yingfeng Technology Co Ltd (SHSE:605055) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

No. 4888, Xingbin Road, Binhai Industrial Zone, Keqiao District, Zhejiang Province, Shaoxing, CHN, 312000

Website

http://www.zj-yfkj.com

Zhejiang Yingfeng Technology Co Ltd specializes in textile printing and dyeing processing business. It mainly includes two series of knitted fabric printing and dyeing and woven fabric printing and dyeing. The main processes include pretreatment, dyeing, and finishing. Textile fabrics after printing and dyeing are widely used in the fields of casual clothing, sportswear and business formal wear.

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