Qingmu Digital Technology Co (SZSE:301110) Debt-to-Equity : 0.03 (As of Mar. 2024)

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What is Qingmu Digital Technology Co Debt-to-Equity?

Qingmu Digital Technology Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥22.3 Mil. Qingmu Digital Technology Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥13.7 Mil. Qingmu Digital Technology Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥1,428.5 Mil. Qingmu Digital Technology Co's debt to equity for the quarter that ended in Mar. 2024 was 0.03.

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

SZSE:301110' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.04 Max: 0.19
Current: 0.03

During the past 7 years, the highest Debt-to-Equity Ratio of Qingmu Digital Technology Co was 0.19. The lowest was 0.01. And the median was 0.04.

SZSE:301110's Debt-to-Equity is ranked better than
91.26% of 927 companies
in the Business Services industry
Industry Median: 0.38 vs SZSE:301110: 0.03

Qingmu Digital Technology Co Debt-to-Equity Historical Data

The historical data trend for Qingmu Digital 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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Qingmu Digital Technology Co Debt-to-Equity Chart

Qingmu Digital Technology Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

0.13

0.19

0.05

0.02

Qingmu Digital Technology Co Quarterly Data
	Dec17	Dec18	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															0.04	0.04	0.03	0.02	0.03

Competitive Comparison of Qingmu Digital Technology Co's Debt-to-Equity

For the Specialty Business Services subindustry, Qingmu Digital 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.

Qingmu Digital Technology Co's Debt-to-Equity Distribution in the Business Services Industry

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

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

Qingmu Digital Technology Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Qingmu Digital 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
	=	(20.918	+	13.581)	/	1418.997
	=	0.02

Qingmu Digital 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
	=	(22.271	+	13.736)	/	1428.455
	=	0.03

Qingmu Digital Technology Co (SZSE:301110) 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.

Qingmu Digital Technology Co Debt-to-Equity Related Terms

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Qingmu Digital Technology Co (SZSE:301110) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Qingmu Digital Technology Co Ltd (SZSE:301110) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Unit 001, No. 32, Donghai Street South, Fenghe Jiangbei Village, Haizhu District, Guangdong Province, Guangzhou, CHN, 510310

Website

https://www.qingmutec.com

Qingmu Digital Technology Co Ltd is involved in the E-commerce sales services, brand digital marketing, technology solutions and consumer operation services.

Qingmu Digital Technology Co (SZSE:301110) Headlines

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