Chengdu RML Technology Co (SZSE:301050) Debt-to-Equity

: 0.01 (As of Sep. 2023)

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Chengdu RML Technology Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ¥30.3 Mil. Chengdu RML Technology Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ¥0.0 Mil. Chengdu RML Technology Co's Total Stockholders Equity for the quarter that ended in Sep. 2023 was ¥2,617.2 Mil. Chengdu RML Technology Co's debt to equity for the quarter that ended in Sep. 2023 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 Chengdu RML Technology Co's Debt-to-Equity or its related term are showing as below:

SZSE:301050' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.04 Max: 0.25
Current: 0.01

During the past 6 years, the highest Debt-to-Equity Ratio of Chengdu RML Technology Co was 0.25. The lowest was 0.01. And the median was 0.04.

SZSE:301050's Debt-to-Equity is ranked better than
99.95% of 2194 companies
in the Hardware industry
Industry Median: 0.28 vs SZSE:301050: 0.01

Chengdu RML Technology Co Debt-to-Equity Historical Data

The historical data trend for Chengdu RML 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 RML Technology Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Debt-to-Equity

0.08

0.15

0.03

0.01

Chengdu RML Technology Co Quarterly Data
	Dec17	Dec18	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Debt-to-Equity														0.01	0.01	0.01	0.01	0.01

Competitive Comparison

For the Scientific & Technical Instruments subindustry, Chengdu RML 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 RML Technology Co Debt-to-Equity Distribution

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

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

Chengdu RML Technology Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Chengdu RML 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
	=	(30.446	+	0.267)	/	2339.486
	=	0.01

Chengdu RML 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
	=	(30.264	+	0)	/	2617.181
	=	0.01

Chengdu RML Technology Co (SZSE:301050) 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 RML Technology Co Debt-to-Equity Related Terms

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Chengdu RML Technology Co (SZSE:301050) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Chengdu RML Technology Co Ltd (SZSE:301050) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 288 Yixin Avenue, Shiyang Industrial Park, High-tech Zone, Sichuan Province, Chengdu, CHN, 610093

Website

http://www.rml138.com

Chengdu RML Technology Co Ltd is engaged in the research and development, manufacturing, testing and sales of millimeter wave active phased array microsystems.

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