Datang Telecom Technology Co (SHSE:600198) Debt-to-Equity : 2.02 (As of Mar. 2024)

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What is Datang Telecom Technology Co Debt-to-Equity?

Datang Telecom Technology Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥409 Mil. Datang Telecom Technology Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥67 Mil. Datang Telecom Technology Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥236 Mil. Datang Telecom Technology Co's debt to equity for the quarter that ended in Mar. 2024 was 2.02.

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 Datang Telecom Technology Co's Debt-to-Equity or its related term are showing as below:

SHSE:600198' s Debt-to-Equity Range Over the Past 10 Years
Min: -34.14 Med: 0.96 Max: 95.43
Current: 2.02

During the past 13 years, the highest Debt-to-Equity Ratio of Datang Telecom Technology Co was 95.43. The lowest was -34.14. And the median was 0.96.

SHSE:600198's Debt-to-Equity is ranked worse than
96.08% of 2193 companies
in the Hardware industry
Industry Median: 0.28 vs SHSE:600198: 2.02

Datang Telecom Technology Co Debt-to-Equity Historical Data

The historical data trend for Datang Telecom Technology 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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Datang Telecom Technology Co Debt-to-Equity Chart

Datang Telecom Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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91.39

-1.06

1.57

0.61

0.79

Datang Telecom Technology 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															0.49	0.38	0.51	0.79	2.02

Competitive Comparison of Datang Telecom Technology Co's Debt-to-Equity

For the Communication Equipment subindustry, Datang Telecom Technology 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.

Datang Telecom Technology Co's Debt-to-Equity Distribution in the Hardware Industry

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

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

Datang Telecom Technology Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Datang Telecom Technology 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
	=	(175.143	+	68.665)	/	309.966
	=	0.79

Datang Telecom Technology 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
	=	(409.131	+	67.315)	/	235.615
	=	2.02

Datang Telecom Technology Co (SHSE:600198) 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.

Datang Telecom Technology Co Debt-to-Equity Related Terms

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Datang Telecom Technology Co (SHSE:600198) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Datang Telecom Technology Co Ltd (SHSE:600198) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

No. 6 Yongjia North Road, Haidian District, Beijing, CHN, 100094

Website

http://www.datang.com

Datang Telecom Technology Co Ltd is a China-based company engaged in the communication equipment manufacturing industry. It is involved in the manufacturing of electronic and communication equipment, mobile phone, instrument and cultural and official goods, production and sales of security and protection products and design construction of security and protection work. It also provides system integration and network engineering services. The company operates its businesses primarily in domestic market.

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