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Luheng Technology Group Co (BJSE:870866) Debt-to-Equity : 0.01 (As of Mar. 2024)


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What is Luheng Technology Group Co Debt-to-Equity?

Luheng Technology Group Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥0.7 Mil. Luheng Technology Group Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥8.5 Mil. Luheng Technology Group Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥747.1 Mil. Luheng Technology Group 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 Luheng Technology Group Co's Debt-to-Equity or its related term are showing as below:

BJSE:870866' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01   Med: 0.06   Max: 0.11
Current: 0.01

During the past 10 years, the highest Debt-to-Equity Ratio of Luheng Technology Group Co was 0.11. The lowest was 0.01. And the median was 0.06.

BJSE:870866's Debt-to-Equity is ranked better than
99.54% of 219 companies
in the Agriculture industry
Industry Median: 0.35 vs BJSE:870866: 0.01

Luheng Technology Group Co Debt-to-Equity Historical Data

The historical data trend for Luheng Technology Group 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.

Luheng Technology Group Co Debt-to-Equity Chart

Luheng Technology Group Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.07 0.11 0.06 0.01 0.01

Luheng Technology Group 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 0.01 0.02 0.01 0.01 0.01

Competitive Comparison of Luheng Technology Group Co's Debt-to-Equity

For the Agricultural Inputs subindustry, Luheng Technology Group 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.


Luheng Technology Group Co's Debt-to-Equity Distribution in the Agriculture Industry

For the Agriculture industry and Basic Materials sector, Luheng Technology Group Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Luheng Technology Group Co's Debt-to-Equity falls into.



Luheng Technology Group Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Luheng Technology Group Co's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Luheng Technology Group 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.


Luheng Technology Group Co  (BJSE:870866) 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.


Luheng Technology Group Co Debt-to-Equity Related Terms

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Luheng Technology Group Co (BJSE:870866) Business Description

Traded in Other Exchanges
N/A
Address
No. 167, Haibin Road, Nansha Street, Room 804, Nansha District, Guangdong Province, Guangzhou City, CHN, 511455
Luheng Technology Group Co Ltd engages in research and development, production, and sales of pesticide products and vegetable seeds.

Luheng Technology Group Co (BJSE:870866) Headlines

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