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Henan Cocyber Information and Technology Co (BJSE:835207) Debt-to-Equity : 0.33 (As of Mar. 2024)


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What is Henan Cocyber Information and Technology Co Debt-to-Equity?

Henan Cocyber Information and Technology Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥110.7 Mil. Henan Cocyber Information and Technology Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥3.7 Mil. Henan Cocyber Information and Technology Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥342.5 Mil. Henan Cocyber Information and Technology Co's debt to equity for the quarter that ended in Mar. 2024 was 0.33.

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 Cocyber Information and Technology Co's Debt-to-Equity or its related term are showing as below:

BJSE:835207' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.1   Med: 0.19   Max: 0.55
Current: 0.33

During the past 10 years, the highest Debt-to-Equity Ratio of Henan Cocyber Information and Technology Co was 0.55. The lowest was 0.10. And the median was 0.19.

BJSE:835207's Debt-to-Equity is ranked worse than
60.76% of 2202 companies
in the Software industry
Industry Median: 0.2 vs BJSE:835207: 0.33

Henan Cocyber Information and Technology Co Debt-to-Equity Historical Data

The historical data trend for Henan Cocyber Information and 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.

Henan Cocyber Information and Technology Co Debt-to-Equity Chart

Henan Cocyber Information and Technology Co Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.17 0.55 0.35 0.45 0.15

Henan Cocyber Information and Technology 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.15 0.16 0.14 0.33 0.33

Competitive Comparison of Henan Cocyber Information and Technology Co's Debt-to-Equity

For the Information Technology Services subindustry, Henan Cocyber Information and 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.


Henan Cocyber Information and Technology Co's Debt-to-Equity Distribution in the Software Industry

For the Software industry and Technology sector, Henan Cocyber Information and Technology Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Henan Cocyber Information and Technology Co's Debt-to-Equity falls into.



Henan Cocyber Information and Technology Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Henan Cocyber Information and Technology Co's Debt to Equity Ratio for the fiscal year that ended in Dec. 2022 is calculated as

Henan Cocyber Information and Technology Co's Debt to Equity Ratio for the quarter that ended in Mar. 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.


Henan Cocyber Information and Technology Co  (BJSE:835207) 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 Cocyber Information and Technology Co Debt-to-Equity Related Terms

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Henan Cocyber Information and Technology Co (BJSE:835207) Business Description

Traded in Other Exchanges
N/A
Address
No. 148, West Third Ring Road,, Floor 12 and Floor 13, Building 7, High-tech Industrial Development Zone, Henan Province, Zhengzhou City, CHN, 450003
Henan Cocyber Information and Technology Co Ltd is an information system integration service provider. It engages in the development of virtual reality core technology, security and big data services, cloud transformation, operation and maintenance operations.

Henan Cocyber Information and Technology Co (BJSE:835207) Headlines

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