RCON (Recon Technology) Debt-to-Equity : 0.08 (As of Jun. 2024)

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What is Recon Technology Debt-to-Equity?

Recon Technology's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was $3.61 Mil. Recon Technology's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was $1.93 Mil. Recon Technology's Total Stockholders Equity for the quarter that ended in Jun. 2024 was $69.27 Mil. Recon Technology's debt to equity for the quarter that ended in Jun. 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 Recon Technology's Debt-to-Equity or its related term are showing as below:

RCON' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.08 Med: 0.24 Max: 0.32
Current: 0.08

During the past 13 years, the highest Debt-to-Equity Ratio of Recon Technology was 0.32. The lowest was 0.08. And the median was 0.24.

RCON's Debt-to-Equity is ranked better than
84.22% of 824 companies
in the Oil & Gas industry
Industry Median: 0.47 vs RCON: 0.08

Recon Technology Debt-to-Equity Historical Data

The historical data trend for Recon Technology'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.

Recon Technology Debt-to-Equity Chart

Recon Technology Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Debt-to-Equity

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0.28

0.14

0.08

Recon Technology Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Debt-to-Equity	Get a 7-Day Free Trial															0.08	0.08	0.08	0.08	0.08

Competitive Comparison of Recon Technology's Debt-to-Equity

For the Oil & Gas Equipment & Services subindustry, Recon Technology'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.

Recon Technology's Debt-to-Equity Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Recon Technology's Debt-to-Equity distribution charts can be found below:

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

Recon Technology Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Recon Technology's Debt to Equity Ratio for the fiscal year 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
	=	(3.607	+	1.926)	/	69.273
	=	0.08

Recon Technology'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
	=	(3.607	+	1.926)	/	69.273
	=	0.08

Recon Technology (NAS:RCON) 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.

Recon Technology Debt-to-Equity Related Terms

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Recon Technology Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Recon Technology Ltd (NAS:RCON) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1 Shui’an South Street, Room 601, Chaoyang District, Beijing, CHN, 100012

Website

http://www.recon.cn

Recon Technology Ltd is an oilfield service company. The company is engaged in providing oilfield automation products, specialized equipment for oil and gas production and transportation, chemicals, and field services to petroleum companies mainly in the People's Republic of China (PRC). It has four reportable operating segments: Automation Product and Software, Equipment and Accessories, Platform outsourcing services, and Oilfield Environmental Protection. The majority of the firm's revenue comes from the Automation Product and Software segment which provides products and services like pumping unit controllers, natural gas flow computer systems, wireless dynamometers and wireless pressure gauges, and an oilfield monitor and data acquisition system among others.