CETC Cyberspace Security Technology Co (SZSE:002268) Debt-to-Equity : 0.02 (As of Mar. 2024)

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What is CETC Cyberspace Security Technology Co Debt-to-Equity?

CETC Cyberspace Security Technology Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥38 Mil. CETC Cyberspace Security Technology Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥40 Mil. CETC Cyberspace Security Technology Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥5,343 Mil. CETC Cyberspace Security 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 CETC Cyberspace Security Technology Co's Debt-to-Equity or its related term are showing as below:

SZSE:002268' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.02 Max: 0.6
Current: 0.01

During the past 13 years, the highest Debt-to-Equity Ratio of CETC Cyberspace Security Technology Co was 0.60. The lowest was 0.00. And the median was 0.02.

SZSE:002268's Debt-to-Equity is ranked better than
99.89% of 930 companies
in the Business Services industry
Industry Median: 0.4 vs SZSE:002268: 0.01

CETC Cyberspace Security Technology Co Debt-to-Equity Historical Data

The historical data trend for CETC Cyberspace Security 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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CETC Cyberspace Security Technology Co Debt-to-Equity Chart

CETC Cyberspace Security Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.02

0.01

CETC Cyberspace Security 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															0.02	0.02	0.01	0.01	0.02

Competitive Comparison of CETC Cyberspace Security Technology Co's Debt-to-Equity

For the Security & Protection Services subindustry, CETC Cyberspace Security 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.

CETC Cyberspace Security Technology Co's Debt-to-Equity Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, CETC Cyberspace Security Technology Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where CETC Cyberspace Security Technology Co's Debt-to-Equity falls into.

CETC Cyberspace Security Technology Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

CETC Cyberspace Security 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
	=	(40.589	+	38.198)	/	5536.556
	=	0.01

CETC Cyberspace Security 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
	=	(38.264	+	39.695)	/	5343.275
	=	0.01

CETC Cyberspace Security Technology Co (SZSE:002268) 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.

CETC Cyberspace Security Technology Co Debt-to-Equity Related Terms

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CETC Cyberspace Security Technology Co (SZSE:002268) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » CETC Cyberspace Security Technology Co Ltd (SZSE:002268) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

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Address

No. 333, Yunhua Road, High-Tech Industrial Dvelopment Zone, Sichuan, Chengdu, CHN, 610095

Website

http://www.westone.com.cn

CETC Cyberspace Security Technology Co Ltd is a China-based company that offers security-related products and services. It provides professional and autonomous network information security solutions, products, and services. It offers password products, network security products, and security information systems. The group is committed to building a life-cycle security solution from chip to system for a party and government users.

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