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Weihai Tiangang Instrument Co (BJSE:832651) Debt-to-Equity : 0.00 (As of Sep. 2024)


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What is Weihai Tiangang Instrument Co Debt-to-Equity?

Weihai Tiangang Instrument Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was ¥0.0 Mil. Weihai Tiangang Instrument Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was ¥0.0 Mil. Weihai Tiangang Instrument Co's Total Stockholders Equity for the quarter that ended in Sep. 2024 was ¥465.0 Mil. Weihai Tiangang Instrument Co's debt to equity for the quarter that ended in Sep. 2024 was 0.00.

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 Weihai Tiangang Instrument Co's Debt-to-Equity or its related term are showing as below:

During the past 10 years, the highest Debt-to-Equity Ratio of Weihai Tiangang Instrument Co was 0.01. The lowest was 0.01. And the median was 0.01.

BJSE:832651's Debt-to-Equity is not ranked *
in the Hardware industry.
Industry Median: 0.29
* Ranked among companies with meaningful Debt-to-Equity only.

Weihai Tiangang Instrument Co Debt-to-Equity Historical Data

The historical data trend for Weihai Tiangang Instrument 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.

Weihai Tiangang Instrument Co Debt-to-Equity Chart

Weihai Tiangang Instrument Co Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Debt-to-Equity
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Weihai Tiangang Instrument Co Quarterly Data
Dec18 Jun19 Sep19 Dec19 Jun20 Dec20 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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Competitive Comparison of Weihai Tiangang Instrument Co's Debt-to-Equity

For the Scientific & Technical Instruments subindustry, Weihai Tiangang Instrument 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.


Weihai Tiangang Instrument Co's Debt-to-Equity Distribution in the Hardware Industry

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

* The bar in red indicates where Weihai Tiangang Instrument Co's Debt-to-Equity falls into.



Weihai Tiangang Instrument Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Weihai Tiangang Instrument Co's Debt to Equity Ratio for the fiscal year that ended in Dec. 2022 is calculated as

Weihai Tiangang Instrument Co's Debt to Equity Ratio for the quarter that ended in Sep. 2024 is calculated as

* 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.


Weihai Tiangang Instrument Co  (BJSE:832651) 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.


Weihai Tiangang Instrument Co Debt-to-Equity Related Terms

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Weihai Tiangang Instrument Co Business Description

Traded in Other Exchanges
N/A
Address
No. 28-1, Hengrui Street, Weihai High-tech Industrial Development Zone, Huancui District, Shandong Province, Weihai City, CHN, 264200
Weihai Tiangang Instrument Co Ltd engages in research and development, production, and sales of IoT ultrasonic measuring instruments such as ultrasonic heat meters, ultrasonic flow sensors, data transmission products, and ultrasonic water meters.

Weihai Tiangang Instrument Co Headlines

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