Hebei Runnong Waterving Technology Co (BJSE:830964) Debt-to-Equity : 0.17 (As of Sep. 2024)

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What is Hebei Runnong Waterving Technology Co Debt-to-Equity?

Hebei Runnong Waterving Technology Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was ¥115.6 Mil. Hebei Runnong Waterving Technology Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was ¥40.4 Mil. Hebei Runnong Waterving Technology Co's Total Stockholders Equity for the quarter that ended in Sep. 2024 was ¥904.6 Mil. Hebei Runnong Waterving Technology Co's debt to equity for the quarter that ended in Sep. 2024 was 0.17.

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 Hebei Runnong Waterving Technology Co's Debt-to-Equity or its related term are showing as below:

BJSE:830964' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.09 Max: 0.29
Current: 0.17

During the past 12 years, the highest Debt-to-Equity Ratio of Hebei Runnong Waterving Technology Co was 0.29. The lowest was 0.00. And the median was 0.09.

BJSE:830964's Debt-to-Equity is ranked better than
73.94% of 188 companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 0.375 vs BJSE:830964: 0.17

Hebei Runnong Waterving Technology Co Debt-to-Equity Historical Data

The historical data trend for Hebei Runnong Waterving 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.

Hebei Runnong Waterving Technology Co Debt-to-Equity Chart

Hebei Runnong Waterving Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.15

0.03

0.02

Hebei Runnong Waterving Technology Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Debt-to-Equity	Get a 7-Day Free Trial															0.01	0.02	0.09	0.16	0.17

Competitive Comparison of Hebei Runnong Waterving Technology Co's Debt-to-Equity

For the Farm & Heavy Construction Machinery subindustry, Hebei Runnong Waterving 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.

Hebei Runnong Waterving Technology Co's Debt-to-Equity Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Hebei Runnong Waterving Technology Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Hebei Runnong Waterving Technology Co's Debt-to-Equity falls into.

Hebei Runnong Waterving Technology Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Hebei Runnong Waterving 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
	=	(12.528	+	5.186)	/	896.943
	=	0.02

Hebei Runnong Waterving Technology Co's Debt to Equity Ratio for the quarter that ended in Sep. 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
	=	(115.626	+	40.39)	/	904.624
	=	0.17

Hebei Runnong Waterving Technology Co (BJSE:830964) 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.

Hebei Runnong Waterving Technology Co Debt-to-Equity Related Terms

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Hebei Runnong Waterving Technology Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Hebei Runnong Water saving Technology Co Ltd (BJSE:830964) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

South side of National Highway 102, Development Zone, Yutian County, Hebei Province, Tangshan, CHN, 064100

Website

http://www.hbrnjs.com

Hebei Runnong Water saving Technology Co Ltd is specializing in research and development, manufacturing, irrigation engineering design, and construction of water-saving irrigation products. The company product includes filter system for water-saving irrigation, automatic fertilization system, water-saving drip irrigation pipe (belt), frequency conversion control cabinet, sprinkler irrigation equipment, and others.

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