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Shanghai Broadband Technology Co (SHSE:600608) Debt-to-Equity : 0.25 (As of Sep. 2024)


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What is Shanghai Broadband Technology Co Debt-to-Equity?

Shanghai Broadband Technology Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was ¥10.35 Mil. Shanghai Broadband Technology Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was ¥0.75 Mil. Shanghai Broadband Technology Co's Total Stockholders Equity for the quarter that ended in Sep. 2024 was ¥43.70 Mil. Shanghai Broadband Technology Co's debt to equity for the quarter that ended in Sep. 2024 was 0.25.

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

SHSE:600608' s Debt-to-Equity Range Over the Past 10 Years
Min: -6.31   Med: 0.01   Max: 9.36
Current: 0.25

During the past 13 years, the highest Debt-to-Equity Ratio of Shanghai Broadband Technology Co was 9.36. The lowest was -6.31. And the median was 0.01.

SHSE:600608's Debt-to-Equity is ranked better than
53.6% of 2164 companies
in the Hardware industry
Industry Median: 0.29 vs SHSE:600608: 0.25

Shanghai Broadband Technology Co Debt-to-Equity Historical Data

The historical data trend for Shanghai Broadband 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.

* Premium members only.

Shanghai Broadband Technology Co Debt-to-Equity Chart

Shanghai Broadband Technology Co 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 0.01 0.31

Shanghai Broadband Technology 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 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 - 0.31 0.24 0.24 0.25

Competitive Comparison of Shanghai Broadband Technology Co's Debt-to-Equity

For the Communication Equipment subindustry, Shanghai Broadband 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.


Shanghai Broadband Technology Co's Debt-to-Equity Distribution in the Hardware Industry

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

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



Shanghai Broadband Technology Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Shanghai Broadband Technology Co's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Shanghai Broadband Technology Co'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.


Shanghai Broadband Technology Co  (SHSE:600608) 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.


Shanghai Broadband Technology Co Debt-to-Equity Related Terms

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Shanghai Broadband Technology Co Business Description

Traded in Other Exchanges
N/A
Address
No. 299, Jiangchang West Road, Room 1601, Building 1, Shanghai, CHN
Shanghai Broadband Technology Co Ltd is principally engaged in the information technology industry. The main products and services include mobile communication terminals, integrated circuit chips, network communication and computer products and special shaped steel pipes. Geographically, the activities are carried out through China.
Executives
Li Chen Cheng Supervisors
Jiang Wei Director
Jin Wei Director
Lei Sheng Kui Director
Li Xing Hong Director
Xu Shao Director
He Guan Xing senior management
Li De Ping Supervisors
Ye Qi Min Supervisors
Hu Liang senior management

Shanghai Broadband Technology Co Headlines

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