Lanzhou Great Wall Electrical Co (SHSE:600192) Debt-to-Equity : 1.19 (As of Sep. 2024)

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What is Lanzhou Great Wall Electrical Co Debt-to-Equity?

Lanzhou Great Wall Electrical Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was ¥1,262 Mil. Lanzhou Great Wall Electrical Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was ¥283 Mil. Lanzhou Great Wall Electrical Co's Total Stockholders Equity for the quarter that ended in Sep. 2024 was ¥1,293 Mil. Lanzhou Great Wall Electrical Co's debt to equity for the quarter that ended in Sep. 2024 was 1.19.

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 Lanzhou Great Wall Electrical Co's Debt-to-Equity or its related term are showing as below:

SHSE:600192' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.53 Med: 0.65 Max: 1.19
Current: 1.19

During the past 13 years, the highest Debt-to-Equity Ratio of Lanzhou Great Wall Electrical Co was 1.19. The lowest was 0.53. And the median was 0.65.

SHSE:600192's Debt-to-Equity is ranked worse than
90.33% of 2617 companies
in the Industrial Products industry
Industry Median: 0.29 vs SHSE:600192: 1.19

Lanzhou Great Wall Electrical Co Debt-to-Equity Historical Data

The historical data trend for Lanzhou Great Wall Electrical 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.

Lanzhou Great Wall Electrical Co Debt-to-Equity Chart

Lanzhou Great Wall Electrical Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

0.56

0.66

0.75

0.86

1.00

Lanzhou Great Wall Electrical Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	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															0.94	1.00	1.12	1.19	1.19

Competitive Comparison of Lanzhou Great Wall Electrical Co's Debt-to-Equity

For the Electrical Equipment & Parts subindustry, Lanzhou Great Wall Electrical 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.

Lanzhou Great Wall Electrical Co's Debt-to-Equity Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Lanzhou Great Wall Electrical Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Lanzhou Great Wall Electrical Co's Debt-to-Equity falls into.

Lanzhou Great Wall Electrical Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Lanzhou Great Wall Electrical 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
	=	(1362.098	+	62.669)	/	1423.624
	=	1.00

Lanzhou Great Wall Electrical 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
	=	(1261.704	+	282.518)	/	1293.012
	=	1.19

Lanzhou Great Wall Electrical Co (SHSE:600192) 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.

Lanzhou Great Wall Electrical Co Debt-to-Equity Related Terms

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Lanzhou Great Wall Electrical Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Lanzhou Great Wall Electrical Co Ltd (SHSE:600192) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

No. 215 Nongmin Lane, Chengguan District, Lanzhou, Gansu, CHN, 730000

Website

http://www.chinagwe.com

Lanzhou Great Wall Electrical Co Ltd is engaged in the research and development, manufacturing, sales and service of high and medium voltage switchgear complete sets of equipment, high and low voltage electrical components and key components, electric drive automation and new energy control systems, intelligent low voltage complete power distribution devices and busbar trunks. The company also operates fruit and vegetable juice processing, hydropower operation management and new energy batteries.

Executives

Mao Jian Guang

Director

Lanzhou Great Wall Electrical Co Headlines

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