Yangtze Optical Fibre and Cable Joint Stock Co (HKSE:06869) Debt-to-Equity : 0.81 (As of Mar. 2024)

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What is Yangtze Optical Fibre and Cable Joint Stock Co Debt-to-Equity?

Yangtze Optical Fibre and Cable Joint Stock Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was HK$3,775.87 Mil. Yangtze Optical Fibre and Cable Joint Stock Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was HK$6,194.80 Mil. Yangtze Optical Fibre and Cable Joint Stock Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was HK$12,319.34 Mil. Yangtze Optical Fibre and Cable Joint Stock Co's debt to equity for the quarter that ended in Mar. 2024 was 0.81.

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 Yangtze Optical Fibre and Cable Joint Stock Co's Debt-to-Equity or its related term are showing as below:

HKSE:06869' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.18 Med: 0.52 Max: 0.88
Current: 0.81

During the past 11 years, the highest Debt-to-Equity Ratio of Yangtze Optical Fibre and Cable Joint Stock Co was 0.88. The lowest was 0.18. And the median was 0.52.

HKSE:06869's Debt-to-Equity is ranked worse than
80.89% of 2198 companies
in the Hardware industry
Industry Median: 0.28 vs HKSE:06869: 0.81

Yangtze Optical Fibre and Cable Joint Stock Co Debt-to-Equity Historical Data

The historical data trend for Yangtze Optical Fibre and Cable Joint Stock 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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Yangtze Optical Fibre and Cable Joint Stock Co Debt-to-Equity Chart

Yangtze Optical Fibre and Cable Joint Stock Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.18

0.27

0.47

0.69

0.75

Yangtze Optical Fibre and Cable Joint Stock Co Quarterly Data
	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															N/A	0.82	0.78	0.75	0.81

Competitive Comparison of Yangtze Optical Fibre and Cable Joint Stock Co's Debt-to-Equity

For the Communication Equipment subindustry, Yangtze Optical Fibre and Cable Joint Stock 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.

Yangtze Optical Fibre and Cable Joint Stock Co's Debt-to-Equity Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Yangtze Optical Fibre and Cable Joint Stock Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Yangtze Optical Fibre and Cable Joint Stock Co's Debt-to-Equity falls into.

Yangtze Optical Fibre and Cable Joint Stock Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Yangtze Optical Fibre and Cable Joint Stock 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
	=	(3916.775	+	5376.923)	/	12367.476
	=	0.75

Yangtze Optical Fibre and Cable Joint Stock Co's Debt to Equity Ratio for the quarter that ended in Mar. 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
	=	(3775.874	+	6194.801)	/	12319.338
	=	0.81

Yangtze Optical Fibre and Cable Joint Stock Co (HKSE:06869) 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.

Yangtze Optical Fibre and Cable Joint Stock Co Debt-to-Equity Related Terms

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Yangtze Optical Fibre and Cable Joint Stock Co (HKSE:06869) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Yangtze Optical Fibre and Cable Joint Stock Ltd Co (HKSE:06869) » Definitions » Debt-to-Equity

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Traded in Other Exchanges

YZOFF:USA 1YO:Germany 601869:China

Address

No. 9 Guanggu Avenue, East Lake High-tech Development Zone, Hubei Province, Wuhan, CHN, 430073

Website

https://www.yofc.com

Yangtze Optical Fibre and Cable Joint Stock Ltd Co is engaged in the Chinese communication equipment industry. It manufactures and sells optical fiber preforms, optical fibers with various standard specifications that are widely used in the telecommunications industry. It operates its business through two operating segments, optical fibers and optical fiber preforms; and optical fiber cables. The manufacture and sale of optical fiber cables provide the company with majority of its revenue. Its other products comprise of trunk cables, patch cords, plug-and-play modules, optical distribution frames, pigtails, adapter panels, splitters, and connecting cabinets.

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