Jinpan International (FRA:3QN) Debt-to-Equity : 0.32 (As of Sep. 2015)

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What is Jinpan International Debt-to-Equity?

Jinpan International's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2015 was €41.7 Mil. Jinpan International's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2015 was €22.5 Mil. Jinpan International's Total Stockholders Equity for the quarter that ended in Sep. 2015 was €202.7 Mil. Jinpan International's debt to equity for the quarter that ended in Sep. 2015 was 0.32.

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 Jinpan International's Debt-to-Equity or its related term are showing as below:

FRA:3QN's Debt-to-Equity is not ranked ^*
in the Hardware industry.
Industry Median: 0.29
* Ranked among companies with meaningful Debt-to-Equity only.

Jinpan International Debt-to-Equity Historical Data

The historical data trend for Jinpan International'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.

Jinpan International Debt-to-Equity Chart

Jinpan International Annual Data

Trend

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Debt-to-Equity

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0.28

0.20

0.26

0.25

0.18

Jinpan International Quarterly Data
	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15
Debt-to-Equity	Get a 7-Day Free Trial															0.20	0.18	0.24	0.30	0.32

Competitive Comparison of Jinpan International's Debt-to-Equity

For the Electronic Components subindustry, Jinpan International'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.

Jinpan International's Debt-to-Equity Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Jinpan International's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Jinpan International's Debt-to-Equity falls into.

Jinpan International Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Jinpan International's Debt to Equity Ratio for the fiscal year that ended in Dec. 2014 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
	=	(11.759	+	21.04)	/	181.778
	=	0.18

Jinpan International's Debt to Equity Ratio for the quarter that ended in Sep. 2015 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
	=	(41.682	+	22.469)	/	202.723
	=	0.32

Jinpan International (FRA:3QN) 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.

Jinpan International Debt-to-Equity Related Terms

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

Jinpan International (FRA:3QN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Jinpan International Ltd (FRA:3QN) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

Website

http://www.jst.com.cn

Jinpan International Ltd was incorporated in the British Virgin Islands on April 3, 1997 under the International Business Companies Act of the British Virgin Islands. The Company design, manufacture and sells electrical power control and distribution equipment that are used in commercial, industrial, and infrastructural applications. Its product lines include cast resin transformers, VPI transformers, VPI line reactors, switchgears and unit substations. Its manufactures low and medium voltage switchgear products under license from Schneider. It also manufactures switchgears, Vacuum Pressure Impregnated (VPI) reactors and transformers, and unit substations. The Company offers switchgear products for general power distribution and for specialized infrastructural and industrial applications. The two main categories of dry type transformers that currently dominate the market are cast resin and open ventilated dry type transformers. Cast resin dry type transformers are predominant in Europe, Japan, and newly developed markets in Asia, including China. Open ventilated dry type transformers are widely used in North America. The Company manufactures medium and low voltage switchgear products for the China market. They use sheet metal to manufacture switchgear enclosures, coat the enclosure, and assemble switchgears using components from brand name suppliers such as Siemens and Schneider. The Company owns the rights to the trademark 'JST,' which is registered with the Trademark Bureau of the State Administration of Industry and Commerce in China.

Jinpan International (FRA:3QN) Headlines

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