Wuhan HL Engineering Tool Co (BJSE:836942) Debt-to-Equity : 0.01 (As of Sep. 2024)

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What is Wuhan HL Engineering Tool Co Debt-to-Equity?

Wuhan HL Engineering Tool Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was ¥1.9 Mil. Wuhan HL Engineering Tool Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was ¥1.5 Mil. Wuhan HL Engineering Tool Co's Total Stockholders Equity for the quarter that ended in Sep. 2024 was ¥478.6 Mil. Wuhan HL Engineering Tool Co's debt to equity for the quarter that ended in Sep. 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 Wuhan HL Engineering Tool Co's Debt-to-Equity or its related term are showing as below:

BJSE:836942' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.03 Max: 0.17
Current: 0.01

During the past 11 years, the highest Debt-to-Equity Ratio of Wuhan HL Engineering Tool Co was 0.17. The lowest was 0.00. And the median was 0.03.

BJSE:836942's Debt-to-Equity is ranked better than
99.47% of 188 companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 0.37 vs BJSE:836942: 0.01

Wuhan HL Engineering Tool Co Debt-to-Equity Historical Data

The historical data trend for Wuhan HL Engineering Tool 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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Wuhan HL Engineering Tool Co Debt-to-Equity Chart

Wuhan HL Engineering Tool Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.04

0.03

0.04

0.01

Wuhan HL Engineering Tool Co Quarterly Data
	Dec18	Jun19	Dec19	Jun20	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	0.01	0.01	0.01

Competitive Comparison of Wuhan HL Engineering Tool Co's Debt-to-Equity

For the Farm & Heavy Construction Machinery subindustry, Wuhan HL Engineering Tool 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.

Wuhan HL Engineering Tool Co's Debt-to-Equity Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Wuhan HL Engineering Tool Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Wuhan HL Engineering Tool Co's Debt-to-Equity falls into.

Wuhan HL Engineering Tool Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Wuhan HL Engineering Tool 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
	=	(2.059	+	2.771)	/	457.802
	=	0.01

Wuhan HL Engineering Tool 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
	=	(1.948	+	1.46)	/	478.55
	=	0.01

Wuhan HL Engineering Tool Co (BJSE:836942) 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.

Wuhan HL Engineering Tool Co Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Wuhan HL Engineering Tool Co's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Wuhan HL Engineering Tool Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Wuhan HL Engineering Tool Co Ltd (BJSE:836942) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

No. 5, Fortune 2nd Road, East Lake New Technology Development Zone, Hubei Province, Wuhan City, CHN, 430074

Website

http://www.hltools.cn

Wuhan HL Engineering Tool Co Ltd engages in research and development, manufacturing, sales, and service of various engineering rock-breaking drilling tools. The company's main products include various shield, TBM, pipe jacking tools; horizontal directional drilling tools (reamers, pilot bits, centralizers, pup joints, etc.), vertical reaming bits; pile rock breaking hobs, drill bits, Picks; down-the-hole drilling tools (impactors, drill bits, drill bits, drill pipes, etc.). The company's products are widely used in domestic and foreign subways, highway and railway tunnels, water diversion tunnels, urban comprehensive pipe galleries, oil and gas pipelines, pile foundation excavation, mining, and other projects.

Wuhan HL Engineering Tool Co Headlines

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