Zhejiang He Chuan Technology (SHSE:688320) Debt-to-Equity

: 0.00 (As of Sep. 2022)

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Zhejiang He Chuan Technology's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2022 was ¥1.0 Mil. Zhejiang He Chuan Technology's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2022 was ¥2.9 Mil. Zhejiang He Chuan Technology's Total Stockholders Equity for the quarter that ended in Sep. 2022 was ¥1,533.3 Mil. Zhejiang He Chuan Technology's debt to equity for the quarter that ended in Sep. 2022 was 0.00.

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

During the past 4 years, the highest Debt-to-Equity Ratio of Zhejiang He Chuan Technology was 0.13. The lowest was 0.00. And the median was 0.02.

Zhejiang He Chuan Technology Debt-to-Equity Historical Data

The historical data trend for Zhejiang He Chuan Technology'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 He Chuan Technology Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Debt-to-Equity

0.05

0.02

0.04

Zhejiang He Chuan Technology Quarterly Data
	Dec18	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
Debt-to-Equity							-	0.04	0.13	-	-

Competitive Comparison

For the Computer Hardware subindustry, Zhejiang He Chuan Technology'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.

Annual Data Quarterly Data

Zhejiang He Chuan Technology Debt-to-Equity Distribution

For the Hardware industry and Technology sector, Zhejiang He Chuan Technology's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Zhejiang He Chuan Technology's Debt-to-Equity falls in comparison to its industry or sector. The grey bar indicates the Debt-to-Equity's extreme value range as defined by GuruFocus.

Zhejiang He Chuan Technology Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Zhejiang He Chuan Technology's Debt to Equity Ratio for the fiscal year that ended in Dec. 2021 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
	=	(22.427	+	2.066)	/	633.956
	=	0.04

Zhejiang He Chuan Technology's Debt to Equity Ratio for the quarter that ended in Sep. 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
	=	(0.954	+	2.943)	/	1533.281
	=	0.00

Zhejiang He Chuan Technology (SHSE:688320) 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 He Chuan Technology Debt-to-Equity Related Terms

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Zhejiang He Chuan Technology (SHSE:688320) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Zhejiang He Chuan Technology Corp Ltd (SHSE:688320) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

No. 9, Fucai Road, Longyou Industrial Park, Zhejiang Province, Quzhou, CHN, 324400

Website

https://www.hcfa.cn

Zhejiang He Chuan Technology Corp Ltd is engaged in the research and development, production, sales and application integration of industrial automation products.

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