Chengdu XGimi Technology Co (SHSE:688696) Debt-to-Equity : 0.21 (As of Sep. 2023)

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What is Chengdu XGimi Technology Co Debt-to-Equity?

Chengdu XGimi Technology Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ¥346 Mil. Chengdu XGimi Technology Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ¥314 Mil. Chengdu XGimi Technology Co's Total Stockholders Equity for the quarter that ended in Sep. 2023 was ¥3,135 Mil. Chengdu XGimi Technology Co's debt to equity for the quarter that ended in Sep. 2023 was 0.21.

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

SHSE:688696' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.04 Med: 0.16 Max: 0.44
Current: 0.21

During the past 6 years, the highest Debt-to-Equity Ratio of Chengdu XGimi Technology Co was 0.44. The lowest was 0.04. And the median was 0.16.

SHSE:688696's Debt-to-Equity is ranked better than
59.15% of 2196 companies
in the Hardware industry
Industry Median: 0.28 vs SHSE:688696: 0.21

Chengdu XGimi Technology Co Debt-to-Equity Historical Data

The historical data trend for Chengdu XGimi 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.

Chengdu XGimi Technology Co Debt-to-Equity Chart

Chengdu XGimi Technology Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Debt-to-Equity

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0.20

0.35

0.44

0.15

0.10

Chengdu XGimi Technology Co Quarterly Data
	Dec17	Dec18	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														0.11	0.10	0.16	0.19	0.21

Competitive Comparison of Chengdu XGimi Technology Co's Debt-to-Equity

For the Consumer Electronics subindustry, Chengdu XGimi 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.

Chengdu XGimi Technology Co's Debt-to-Equity Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Chengdu XGimi Technology Co's Debt-to-Equity distribution charts can be found below:

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

Chengdu XGimi Technology Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Chengdu XGimi Technology 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
	=	(14.162	+	308.714)	/	3134.728
	=	0.10

Chengdu XGimi Technology 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
	=	(346.225	+	314.099)	/	3134.898
	=	0.21

Chengdu XGimi Technology Co (SHSE:688696) 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.

Chengdu XGimi Technology Co Debt-to-Equity Related Terms

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Chengdu XGimi Technology Co (SHSE:688696) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Chengdu XGimi Technology Co Ltd (SHSE:688696) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

1129 Century City Road, High-tech Zone, China (Sichuan) Pilot Free Trade Zone, No. 2, Floor 2, Unit 1, Building 4, Area A, Tianfu Software Park, Chengdu, CHN, 610000

Website

https://www.xgimi.com

Chengdu XGimi Technology Co Ltd is engaged in the designing and manufacturing of high-performance multi-functional smart projectors and laser TVs.

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