Zhejiang Ygm Technology Co (BJSE:873527) Debt-to-Equity : 0.08 (As of Sep. 2024)

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What is Zhejiang Ygm Technology Co Debt-to-Equity?

Zhejiang Ygm Technology Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was ¥3.2 Mil. Zhejiang Ygm Technology Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was ¥28.1 Mil. Zhejiang Ygm Technology Co's Total Stockholders Equity for the quarter that ended in Sep. 2024 was ¥371.8 Mil. Zhejiang Ygm Technology Co's debt to equity for the quarter that ended in Sep. 2024 was 0.08.

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 Zhejiang Ygm Technology Co's Debt-to-Equity or its related term are showing as below:

BJSE:873527' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.03 Med: 0.09 Max: 2.1
Current: 0.08

During the past 11 years, the highest Debt-to-Equity Ratio of Zhejiang Ygm Technology Co was 2.10. The lowest was 0.03. And the median was 0.09.

BJSE:873527's Debt-to-Equity is ranked better than
83.89% of 360 companies
in the Packaging & Containers industry
Industry Median: 0.44 vs BJSE:873527: 0.08

Zhejiang Ygm Technology Co Debt-to-Equity Historical Data

The historical data trend for Zhejiang Ygm 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.

Zhejiang Ygm Technology Co Debt-to-Equity Chart

Zhejiang Ygm Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.10

0.05

0.09

Zhejiang Ygm Technology Co Quarterly Data
	Jun18	Dec18	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															0.09	0.09	0.08	0.08	0.08

Competitive Comparison of Zhejiang Ygm Technology Co's Debt-to-Equity

For the Packaging & Containers subindustry, Zhejiang Ygm 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.

Zhejiang Ygm Technology Co's Debt-to-Equity Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Zhejiang Ygm Technology Co's Debt-to-Equity distribution charts can be found below:

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

Zhejiang Ygm Technology Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Zhejiang Ygm Technology 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
	=	(3.91	+	30.939)	/	371.117
	=	0.09

Zhejiang Ygm Technology 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
	=	(3.233	+	28.083)	/	371.805
	=	0.08

Zhejiang Ygm Technology Co (BJSE:873527) 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.

Zhejiang Ygm Technology Co Debt-to-Equity Related Terms

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Zhejiang Ygm Technology Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Zhejiang Ygm Technology Co Ltd (BJSE:873527) » Definitions » Debt-to-Equity

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Traded in Other Exchanges

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Address

No. 2355 Haifeng Road, Binhai Industrial Park, Taizhou Economic Development Zone, Zhejiang Province, Hangzhou, CHN, 318014

Website

http://www.yeguangming.cn

Zhejiang Ygm Technology Co Ltd is mainly engaged in the research, development, production, and sales of reflective materials and their products. The company's products cover reflective materials such as reflective cloth and reflective film, as well as reflective products such as reflective clothing and cursors. Outdoor advertising, municipal facilities construction, and other fields.

Zhejiang Ygm Technology Co Headlines

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