Beijing Jingwei Hirain Technologies Co (SHSE:688326) Debt-to-Equity : 0.14 (As of Mar. 2024)

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What is Beijing Jingwei Hirain Technologies Co Debt-to-Equity?

Beijing Jingwei Hirain Technologies Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥536 Mil. Beijing Jingwei Hirain Technologies Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥107 Mil. Beijing Jingwei Hirain Technologies Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥4,541 Mil. Beijing Jingwei Hirain Technologies Co's debt to equity for the quarter that ended in Mar. 2024 was 0.14.

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 Jingwei Hirain Technologies Co's Debt-to-Equity or its related term are showing as below:

SHSE:688326' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.06 Max: 0.64
Current: 0.14

During the past 6 years, the highest Debt-to-Equity Ratio of Beijing Jingwei Hirain Technologies Co was 0.64. The lowest was 0.01. And the median was 0.06.

SHSE:688326's Debt-to-Equity is ranked better than
78.91% of 1176 companies
in the Vehicles & Parts industry
Industry Median: 0.48 vs SHSE:688326: 0.14

Beijing Jingwei Hirain Technologies Co Debt-to-Equity Historical Data

The historical data trend for Beijing Jingwei Hirain Technologies 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.

Beijing Jingwei Hirain Technologies Co Debt-to-Equity Chart

Beijing Jingwei Hirain Technologies Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.47

0.16

0.05

0.02

0.06

Beijing Jingwei Hirain Technologies Co Quarterly Data
	Dec18	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial												0.02	0.04	0.06	0.06	0.14

Competitive Comparison of Beijing Jingwei Hirain Technologies Co's Debt-to-Equity

For the Auto Parts subindustry, Beijing Jingwei Hirain Technologies 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 Jingwei Hirain Technologies Co's Debt-to-Equity Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Beijing Jingwei Hirain Technologies Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Beijing Jingwei Hirain Technologies Co's Debt-to-Equity falls into.

Beijing Jingwei Hirain Technologies Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Beijing Jingwei Hirain Technologies 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
	=	(227.971	+	65.964)	/	4961.784
	=	0.06

Beijing Jingwei Hirain Technologies 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
	=	(536.34	+	106.81)	/	4540.506
	=	0.14

Beijing Jingwei Hirain Technologies Co (SHSE:688326) 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 Jingwei Hirain Technologies Co Debt-to-Equity Related Terms

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Beijing Jingwei Hirain Technologies Co (SHSE:688326) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Beijing Jingwei Hirain Technologies Co Inc (SHSE:688326) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

No. 14 Jiuxianqiao Road, 4th Floor, Building 1, Chaoyang District, Beijing, CHN, 100191

Website

https://www.hirain.com

Beijing Jingwei Hirain Technologies Co Inc is engaged in providing electronic products, research and development services and solutions, and high-level intelligent driving overall solutions for customers in the fields of automobiles, high-end equipment, and unmanned transportation.

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