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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 Shenzhen Kingdom Sci-tech Co's Debt-to-Equity or its related term are showing as below:
SHSE:600446'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.11 Med: 0.36 Max: 0.52
Current: 0.36
During the past 13 years, the highest Debt-to-Equity Ratio of Shenzhen Kingdom Sci-tech Co was 0.52. The lowest was 0.11. And the median was 0.36.
SHSE:600446's Debt-to-Equity is ranked worse than 62.72% of 2245
companies
in the Software industry
Industry Median: 0.2
vs SHSE:600446: 0.36
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.
Shenzhen Kingdom Sci-tech Co Debt-to-Equity Related Terms
Shenzhen Kingdom Sci-tech Co Debt-to-Equity Historical Data
* 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.
SHSE:600446 vs CRM, SHOP, UBER: Debt-to-Equity Comparison
For the Software - Application subindustry, Shenzhen Kingdom Sci-tech 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.
Shenzhen Kingdom Sci-tech Co Debt-to-Equity vs Software Industry
For the Software industry and Technology sector, Shenzhen Kingdom Sci-tech Co's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Shenzhen Kingdom Sci-tech Co's Debt-to-Equity falls into.
* 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.
Shenzhen Kingdom Sci-tech Co (SHSE:600446) has a Debt-to-Equity of 0.36 as of Jun. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Shenzhen Kingdom Sci-tech Co and its competitors. This is near median its historical median of 0.36. Over the past decade, Shenzhen Kingdom Sci-tech Co's Debt-to-Equity has ranged from 0.11 to 0.52. According to the industry distribution chart, Shenzhen Kingdom Sci-tech Co ranks #1408 out of 2245 companies in the Software industry, placing it in the top 62.7%.
Is Shenzhen Kingdom Sci-tech Co's Debt-to-Equity too high?
Shenzhen Kingdom Sci-tech Co's current Debt-to-Equity of 0.36 is near median its 10-year median of 0.36. Over the past 10 years, this metric has ranged from a low of 0.11 to a high of 0.52. The Software industry median Debt-to-Equity is 0.20. Shenzhen Kingdom Sci-tech Co's value of 0.36 is 80% above this industry median. Based on the distribution chart, Shenzhen Kingdom Sci-tech Co ranks #1408 out of 2245 companies in the Software industry, which is below the industry midpoint. Overall, Shenzhen Kingdom Sci-tech Co has a GF Score™ of 61/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Shenzhen Kingdom Sci-tech Co's Debt-to-Equity compare to CRM and SHOP?
According to the Software industry distribution chart, Shenzhen Kingdom Sci-tech Co ranks #1408 out of 2245 companies for Debt-to-Equity. This places Shenzhen Kingdom Sci-tech Co in the lower half of its industry. The industry median Debt-to-Equity is 0.20. Shenzhen Kingdom Sci-tech Co's value of 0.36 is 80% above this benchmark. Historically, Shenzhen Kingdom Sci-tech Co's own Debt-to-Equity has ranged from 0.11 to 0.52 over the past decade. While the company's 10-year median is 0.36 vs. the industry median of 0.20, Shenzhen Kingdom Sci-tech Co has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-Equity for a Software company?
The median Debt-to-Equity among Software companies is 0.20, based on 2,245 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Shenzhen Kingdom Sci-tech Co's current Debt-to-Equity of 0.36 is 80% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Shenzhen Kingdom Sci-tech Co and its competitors. For the Software industry, the median Debt-to-Equity is 0.20 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shenzhen Kingdom Sci-tech Co's current Debt-to-Equity is 0.36, which is near median its own 10-year median of 0.36. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shenzhen Kingdom Sci-tech Co stock overvalued right now?
Based on GuruFocus' analysis, Shenzhen Kingdom Sci-tech Co (SHSE:600446) is currently considered Significantly Overvalued. The stock's GF Value™ is ¥7.78, compared to a current price of ¥11.18 — trading 43.7% above its estimated fair value. The current Debt-to-Equity is 0.36, which is near median its 10-year median of 0.36 and 80% above the Software industry median of 0.20. Shenzhen Kingdom Sci-tech Co's overall GF Score™ is 61/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For Shenzhen Kingdom Sci-tech Co (SHSE:600446), the current Debt-to-Equity is 0.36 as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Shenzhen Kingdom Sci-tech Co (SHSE:600446) Overvalued in 2026?
Based on GuruFocus' analysis, Shenzhen Kingdom Sci-tech Co stock appears to be overvalued.
The current stock price of ¥11.18 is trading 43.7% above its estimated GF Value™ of ¥7.78.
GuruFocus considers Shenzhen Kingdom Sci-tech Co to be Significantly Overvalued.
Key valuation signals for SHSE:600446:
Debt-to-Equity: 0.36 (near median its 10-year median of 0.36)
GF Value™: ¥7.78 vs. price of ¥11.18 (43.7% above fair value)
Industry Position: 80% above the Software median (#1408 of 2245)
No single metric tells the full story. See the SHSE:600446 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Shenzhen Kingdom Sci-tech Co Ltd operates as a financial technology company in China. It offers software in the fields of securities, funds, banking, futures, insurance, trust, integrated finance, and regulatory agencies.
61GF Score
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