Chongqing Wangcheng Technology Co (BJSE:830896) Debt-to-Equity : 0.20 (As of Jun. 2024)

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What is Chongqing Wangcheng Technology Co Debt-to-Equity?

Chongqing Wangcheng Technology Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was ¥1.9 Mil. Chongqing Wangcheng Technology Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was ¥74.8 Mil. Chongqing Wangcheng Technology Co's Total Stockholders Equity for the quarter that ended in Jun. 2024 was ¥392.6 Mil. Chongqing Wangcheng Technology Co's debt to equity for the quarter that ended in Jun. 2024 was 0.20.

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

BJSE:830896' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.17 Med: 0.39 Max: 0.89
Current: 0.2

During the past 12 years, the highest Debt-to-Equity Ratio of Chongqing Wangcheng Technology Co was 0.89. The lowest was 0.17. And the median was 0.39.

BJSE:830896's Debt-to-Equity is ranked better than
71.5% of 1186 companies
in the Vehicles & Parts industry
Industry Median: 0.465 vs BJSE:830896: 0.20

Chongqing Wangcheng Technology Co Debt-to-Equity Historical Data

The historical data trend for Chongqing Wangcheng 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.

Chongqing Wangcheng Technology Co Debt-to-Equity Chart

Chongqing Wangcheng Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.82

0.73

0.63

0.23

Chongqing Wangcheng Technology Co Quarterly Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Debt-to-Equity	Get a 7-Day Free Trial															0.28	0.25	0.23	0.17	0.20

Competitive Comparison of Chongqing Wangcheng Technology Co's Debt-to-Equity

For the Auto Parts subindustry, Chongqing Wangcheng 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.

Chongqing Wangcheng Technology Co's Debt-to-Equity Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Chongqing Wangcheng Technology Co's Debt-to-Equity distribution charts can be found below:

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

Chongqing Wangcheng Technology Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Chongqing Wangcheng 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
	=	(45.088	+	45.044)	/	398.982
	=	0.23

Chongqing Wangcheng Technology Co's Debt to Equity Ratio for the quarter that ended in Jun. 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
	=	(1.878	+	74.785)	/	392.64
	=	0.20

Chongqing Wangcheng Technology Co (BJSE:830896) 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.

Chongqing Wangcheng Technology Co Debt-to-Equity Related Terms

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Chongqing Wangcheng Technology Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Chongqing Wangcheng Technology Co Ltd (BJSE:830896) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

No. 3, No. 4, Jingxi Road, Jingkouyuan, Shapingba District, Chongqing, CHN, 400033

Website

http://www.cwcgear.com

Chongqing Wangcheng Technology Co Ltd engages in research, development, production, and sales of friction materials for gears, clutches, and transmissions. It produces gears, clutches, and other products. The firm supplies its products in motorcycles, terrain vehicles, cars, wind power equipment, agricultural machines, and other fields.

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