Henan Chicheng Electric Co (BJSE:834407) Debt-to-Equity : 0.01 (As of Mar. 2024)

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What is Henan Chicheng Electric Co Debt-to-Equity?

Henan Chicheng Electric Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥0.6 Mil. Henan Chicheng Electric Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥0.7 Mil. Henan Chicheng Electric Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥261.8 Mil. Henan Chicheng Electric Co's debt to equity for the quarter that ended in Mar. 2024 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 Henan Chicheng Electric Co's Debt-to-Equity or its related term are showing as below:

BJSE:834407' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.07 Max: 0.18
Current: 0.01

During the past 11 years, the highest Debt-to-Equity Ratio of Henan Chicheng Electric Co was 0.18. The lowest was 0.00. And the median was 0.07.

BJSE:834407's Debt-to-Equity is ranked better than
99.93% of 1524 companies
in the Construction industry
Industry Median: 0.44 vs BJSE:834407: 0.01

Henan Chicheng Electric Co Debt-to-Equity Historical Data

The historical data trend for Henan Chicheng Electric 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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Henan Chicheng Electric Co Debt-to-Equity Chart

Henan Chicheng Electric Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

0.12

0.05

0.04

0.01

Henan Chicheng Electric Co Quarterly Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															0.03	0.03	-	0.01	0.01

Competitive Comparison of Henan Chicheng Electric Co's Debt-to-Equity

For the Building Products & Equipment subindustry, Henan Chicheng Electric 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.

Henan Chicheng Electric Co's Debt-to-Equity Distribution in the Construction Industry

For the Construction industry and Industrials sector, Henan Chicheng Electric Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Henan Chicheng Electric Co's Debt-to-Equity falls into.

Henan Chicheng Electric Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Henan Chicheng Electric 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
	=	(0.714	+	0.657)	/	256.456
	=	0.01

Henan Chicheng Electric 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
	=	(0.624	+	0.744)	/	261.771
	=	0.01

Henan Chicheng Electric Co (BJSE:834407) 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.

Henan Chicheng Electric Co Debt-to-Equity Related Terms

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Henan Chicheng Electric Co (BJSE:834407) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Henan Chicheng Electric Co Ltd (BJSE:834407) » Definitions » Debt-to-Equity

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Traded in Other Exchanges

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Address

No. 11, Changchun Road, Floor 17, Building B, Building 5, National University Science and Technology Park, High-tech Zone, Henan Province, Zhengzhou City, CHN, 450000

Website

https://www.cce-china.com

Henan Chicheng Electric Co Ltd is an enterprise integrating product research and development, manufacturing, marketing, and customer service. It is a manufacturer and supplier of gas safety products and system solutions. Its main products are: gas Detection and alarm instruments, alarm control systems and supporting equipment, intelligent sensors, safety and environmental protection analysis instruments and systems, safety monitoring software systems, smart cloud platforms, etc., which are widely used in electric power, electronics, metallurgy, chemical industry, petroleum, coal, mining, railways, medicine, and scientific research institutions.

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