Shenzhen Zecheng Electronics Co (BJSE:837821) Debt-to-Equity : 0.17 (As of Jun. 2024)

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What is Shenzhen Zecheng Electronics Co Debt-to-Equity?

Shenzhen Zecheng Electronics Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was ¥39.2 Mil. Shenzhen Zecheng Electronics Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was ¥46.7 Mil. Shenzhen Zecheng Electronics Co's Total Stockholders Equity for the quarter that ended in Jun. 2024 was ¥505.0 Mil. Shenzhen Zecheng Electronics Co's debt to equity for the quarter that ended in Jun. 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 Shenzhen Zecheng Electronics Co's Debt-to-Equity or its related term are showing as below:

BJSE:837821' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.21 Max: 0.31
Current: 0.17

During the past 11 years, the highest Debt-to-Equity Ratio of Shenzhen Zecheng Electronics Co was 0.31. The lowest was 0.01. And the median was 0.21.

BJSE:837821's Debt-to-Equity is ranked better than
64% of 2189 companies
in the Hardware industry
Industry Median: 0.29 vs BJSE:837821: 0.17

Shenzhen Zecheng Electronics Co Debt-to-Equity Historical Data

The historical data trend for Shenzhen Zecheng Electronics 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.

Shenzhen Zecheng Electronics Co Debt-to-Equity Chart

Shenzhen Zecheng Electronics Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.22

0.26

0.22

0.14

Shenzhen Zecheng Electronics Co Quarterly Data
	Jun19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Debt-to-Equity	Get a 7-Day Free Trial															0.21	0.19	0.14	0.13	0.17

Competitive Comparison of Shenzhen Zecheng Electronics Co's Debt-to-Equity

For the Electronic Components subindustry, Shenzhen Zecheng Electronics 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.

Shenzhen Zecheng Electronics Co's Debt-to-Equity Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Shenzhen Zecheng Electronics Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Shenzhen Zecheng Electronics Co's Debt-to-Equity falls into.

Shenzhen Zecheng Electronics Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Shenzhen Zecheng Electronics 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
	=	(16.434	+	54.787)	/	505.313
	=	0.14

Shenzhen Zecheng Electronics Co's Debt to Equity Ratio for the quarter that ended in Jun. 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
	=	(39.221	+	46.653)	/	504.999
	=	0.17

Shenzhen Zecheng Electronics Co (BJSE:837821) 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.

Shenzhen Zecheng Electronics Co Debt-to-Equity Related Terms

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Shenzhen Zecheng Electronics Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Shenzhen Zecheng Electronics Co Ltd (BJSE:837821) » Definitions » Debt-to-Equity

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Address

No. 48, Kangzheng Road, Danzhutou Community, Nanwan Street, Floors 301 and 4, Building 5 and 6, Longgang District, Guangdong, Shenzhen, CHN, 518114

Website

https://www.intflex.cn

Shenzhen Zecheng Electronics Co Ltd is engaged in the research and development, production, and sales of customized intelligent control module products based on flexible applications. It has three basic businesses of smart module modules, electronic assembly, and circuit boards. Its product offering comprises Automobile EPS steering gear module, Automobile EPS steering gear module, Car rear camera module, Automotive interior lighting module, Series Eye Treatment Apparatus, Braces pressure tester, Spirometer, VR and touch module, Headphone smart touch module, Biological fingerprint recognition and sensor module, Biological fingerprint recognition and sensor module, Communication module AX series, among others.

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