Tsinghua Tongfang Co (SHSE:600100) Debt-to-Equity : 1.13 (As of Mar. 2024)

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What is Tsinghua Tongfang Co Debt-to-Equity?

Tsinghua Tongfang Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥6,281 Mil. Tsinghua Tongfang Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥10,146 Mil. Tsinghua Tongfang Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥14,536 Mil. Tsinghua Tongfang Co's debt to equity for the quarter that ended in Mar. 2024 was 1.13.

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 Tsinghua Tongfang Co's Debt-to-Equity or its related term are showing as below:

SHSE:600100' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.59 Med: 1.3 Max: 1.72
Current: 1.13

During the past 13 years, the highest Debt-to-Equity Ratio of Tsinghua Tongfang Co was 1.72. The lowest was 0.59. And the median was 1.30.

SHSE:600100's Debt-to-Equity is ranked worse than
88.74% of 2193 companies
in the Hardware industry
Industry Median: 0.29 vs SHSE:600100: 1.13

Tsinghua Tongfang Co Debt-to-Equity Historical Data

The historical data trend for Tsinghua Tongfang 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.

Tsinghua Tongfang Co Debt-to-Equity Chart

Tsinghua Tongfang Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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1.35

1.66

1.64

1.25

1.20

Tsinghua Tongfang Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															1.35	1.30	1.33	1.20	1.13

Competitive Comparison of Tsinghua Tongfang Co's Debt-to-Equity

For the Computer Hardware subindustry, Tsinghua Tongfang 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.

Tsinghua Tongfang Co's Debt-to-Equity Distribution in the Hardware Industry

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

* The bar in red indicates where Tsinghua Tongfang Co's Debt-to-Equity falls into.

Tsinghua Tongfang Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Tsinghua Tongfang 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
	=	(9768.776	+	7346.493)	/	14268.091
	=	1.20

Tsinghua Tongfang 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
	=	(6280.679	+	10145.706)	/	14536.114
	=	1.13

Tsinghua Tongfang Co (SHSE:600100) 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.

Tsinghua Tongfang Co Debt-to-Equity Related Terms

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Tsinghua Tongfang Co (SHSE:600100) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Tsinghua Tongfang Co Ltd (SHSE:600100) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

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Address

No. 1 Wangzhuang Road, 30th Floor, Tower A, Tsinghua Tongfang Technology Building, Haidian District, Beijing, CHN, 100083

Website

http://www.thtf.com.cn

Tsinghua Tongfang Co Ltd is a China-based company primarily engaged in the business of manufacturing personal computers. It develops computers, internet applications, microelectronics, radio frequency technology, multimedia, semiconductors, lighting, digital TVs and environmental technology products. The company also provides intelligence and information services for many buildings, subway lines, and high-speed rail passenger stations. The company is involved in the public safety industry, industrial manufacturing industry, lighting industry, science, and technology park and other businesses.

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