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Bright Oceans Inter-Telecom (SHSE:600289) Debt-to-Equity : 0.02 (As of Sep. 2024)


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What is Bright Oceans Inter-Telecom Debt-to-Equity?

Bright Oceans Inter-Telecom's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was ¥6.5 Mil. Bright Oceans Inter-Telecom's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was ¥4.6 Mil. Bright Oceans Inter-Telecom's Total Stockholders Equity for the quarter that ended in Sep. 2024 was ¥722.2 Mil. Bright Oceans Inter-Telecom's debt to equity for the quarter that ended in Sep. 2024 was 0.02.

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 Bright Oceans Inter-Telecom's Debt-to-Equity or its related term are showing as below:

SHSE:600289' s Debt-to-Equity Range Over the Past 10 Years
Min: 0   Med: 0.04   Max: 0.13
Current: 0.02

During the past 13 years, the highest Debt-to-Equity Ratio of Bright Oceans Inter-Telecom was 0.13. The lowest was 0.00. And the median was 0.04.

SHSE:600289's Debt-to-Equity is not ranked
in the Software industry.
Industry Median: 0.21 vs SHSE:600289: 0.02

Bright Oceans Inter-Telecom Debt-to-Equity Historical Data

The historical data trend for Bright Oceans Inter-Telecom'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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Bright Oceans Inter-Telecom Debt-to-Equity Chart

Bright Oceans Inter-Telecom Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - 0.02 0.02 0.04

Bright Oceans Inter-Telecom 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.04 0.04 0.04 0.02 0.02

Competitive Comparison of Bright Oceans Inter-Telecom's Debt-to-Equity

For the Software - Application subindustry, Bright Oceans Inter-Telecom'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.


Bright Oceans Inter-Telecom's Debt-to-Equity Distribution in the Software Industry

For the Software industry and Technology sector, Bright Oceans Inter-Telecom's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Bright Oceans Inter-Telecom's Debt-to-Equity falls into.



Bright Oceans Inter-Telecom Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Bright Oceans Inter-Telecom's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Bright Oceans Inter-Telecom's Debt to Equity Ratio for the quarter that ended in Sep. 2024 is calculated as

* 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.


Bright Oceans Inter-Telecom  (SHSE:600289) 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.


Bright Oceans Inter-Telecom Debt-to-Equity Related Terms

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Bright Oceans Inter-Telecom Business Description

Traded in Other Exchanges
N/A
Address
No. 130 Liang Jia Dian, Yi Yang Tower, Haidian District, Beijing, Beijing, CHN, 100036
Bright Oceans Inter-Telecom Corp is a Chinese company engaged in four industries: telecommunication, transportation, energy and capital investment.
Executives
Song Jun De Director
Meng Hong Wei senior management
Ren Zhi Jun Director
Chang Xue Qun Supervisors
Fang Yuan Director
Pan Yang Fa senior management
Lin Chun Ting senior management
Li Peng senior management
Zhao Gang Director
Wang Long Sheng Director
Li Zheng Director
Cui Yong Sheng Director
Cao Xing senior management
Yang Fang Chun Director
Zhang Xiao Hong Supervisors

Bright Oceans Inter-Telecom Headlines

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