Eastern Communications Co (SHSE:600776) Debt-to-Equity : 0.03 (As of Mar. 2024)

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What is Eastern Communications Co Debt-to-Equity?

Eastern Communications Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥9 Mil. Eastern Communications Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥107 Mil. Eastern Communications Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥3,563 Mil. Eastern Communications Co's debt to equity for the quarter that ended in Mar. 2024 was 0.03.

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 Eastern Communications Co's Debt-to-Equity or its related term are showing as below:

SHSE:600776' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.01 Max: 0.03
Current: 0.03

During the past 13 years, the highest Debt-to-Equity Ratio of Eastern Communications Co was 0.03. The lowest was 0.01. And the median was 0.01.

SHSE:600776's Debt-to-Equity is ranked better than
90.11% of 2195 companies
in the Hardware industry
Industry Median: 0.29 vs SHSE:600776: 0.03

Eastern Communications Co Debt-to-Equity Historical Data

The historical data trend for Eastern Communications 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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Eastern Communications Co Debt-to-Equity Chart

Eastern Communications Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.03

Eastern Communications 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															-	-	-	0.03	0.03

Competitive Comparison of Eastern Communications Co's Debt-to-Equity

For the Communication Equipment subindustry, Eastern Communications 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.

Eastern Communications Co's Debt-to-Equity Distribution in the Hardware Industry

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

* The bar in red indicates where Eastern Communications Co's Debt-to-Equity falls into.

Eastern Communications Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Eastern Communications 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
	=	(8.736	+	109.235)	/	3427.883
	=	0.03

Eastern Communications 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
	=	(8.767	+	107.039)	/	3562.713
	=	0.03

Eastern Communications Co (SHSE:600776) 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.

Eastern Communications Co Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Eastern Communications Co's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Eastern Communications Co (SHSE:600776) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Eastern Communications Co Ltd (SHSE:600776) » Definitions » Debt-to-Equity

Traded in Other Exchanges

900941:China

Address

No. 66 Dongxin Avenue, New and High-Technology Development Zone, Binjiang District, Zhejiang, Hangzhou, CHN, 310053

Website

http://www.eastcom.com

Eastern Communications Co Ltd is a China-based communications services company. It provides solutions for industrial applications and listed companies in the fields of communication and financial technology, communications business, an intelligent manufacturing business and intelligent services and software and other fields. The company's product portfolio includes private network communications and information security products and solutions; financial electronic equipment and operations services; communications and information technology integration services and EMS manufacturing operations. The company's products and solutions are used in China and other international countries.

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