Beijing Roborock Technology Co (SHSE:688169) Debt-to-Equity : 0.01 (As of Mar. 2024)

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What is Beijing Roborock Technology Co Debt-to-Equity?

Beijing Roborock Technology Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥35 Mil. Beijing Roborock Technology Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥94 Mil. Beijing Roborock Technology Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥11,786 Mil. Beijing Roborock Technology Co's debt to equity for the quarter that ended in Mar. 2024 was 0.01.

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

SHSE:688169' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0 Max: 0.01
Current: 0.01

During the past 8 years, the highest Debt-to-Equity Ratio of Beijing Roborock Technology Co was 0.01. The lowest was 0.00. And the median was 0.00.

SHSE:688169's Debt-to-Equity is ranked better than
99.96% of 2624 companies
in the Industrial Products industry
Industry Median: 0.29 vs SHSE:688169: 0.01

Beijing Roborock Technology Co Debt-to-Equity Historical Data

The historical data trend for Beijing Roborock 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.

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Beijing Roborock Technology Co Debt-to-Equity Chart

Beijing Roborock Technology Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.01

Beijing Roborock 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															0.01	0.01	0.01	0.01	0.01

Competitive Comparison of Beijing Roborock Technology Co's Debt-to-Equity

For the Specialty Industrial Machinery subindustry, Beijing Roborock 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.

Beijing Roborock Technology Co's Debt-to-Equity Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Beijing Roborock Technology Co's Debt-to-Equity distribution charts can be found below:

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

Beijing Roborock Technology Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Beijing Roborock 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
	=	(25.588	+	109.66)	/	11380.526
	=	0.01

Beijing Roborock 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
	=	(34.928	+	94.1)	/	11785.614
	=	0.01

Beijing Roborock Technology Co (SHSE:688169) 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.

Beijing Roborock Technology Co Debt-to-Equity Related Terms

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Beijing Roborock Technology Co (SHSE:688169) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Beijing Roborock Technology Co Ltd (SHSE:688169) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

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Address

No. 8 Heiquan Road, No. 6016, 6017, 6018, 6th Floor, Block C, Kangjian Baosheng Plaza, Room 6003, Building C, Haidian District, Beijing, CHN, 100085

Website

https://www.roborock.com

Beijing Roborock Technology Co Ltd is engaged in research, development, and production of robotic home cleaners and other cleaning appliances. The company's products portfolio includes Roborocok H6, Roborock S6 Serie, Roborock S4, Roborock S5 Max, Roborock S5, Roborock Xiaowa E2, and Roborock Xiaowa E3. Its Roborock acts both as a powerful vacuum, and an mopping robot.

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