GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Baosheng Science And Technology Innovation Co Ltd (SHSE:600973) » Definitions » Debt-to-Equity

Baosheng Science And Technology Innovation Co (SHSE:600973) Debt-to-Equity : 3.56 (As of Sep. 2024)


View and export this data going back to 2004. Start your Free Trial

What is Baosheng Science And Technology Innovation Co Debt-to-Equity?

Baosheng Science And Technology Innovation Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was ¥10,041 Mil. Baosheng Science And Technology Innovation Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was ¥3,590 Mil. Baosheng Science And Technology Innovation Co's Total Stockholders Equity for the quarter that ended in Sep. 2024 was ¥3,825 Mil. Baosheng Science And Technology Innovation Co's debt to equity for the quarter that ended in Sep. 2024 was 3.56.

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 Baosheng Science And Technology Innovation Co's Debt-to-Equity or its related term are showing as below:

SHSE:600973' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.65   Med: 2.58   Max: 4.03
Current: 3.56

During the past 13 years, the highest Debt-to-Equity Ratio of Baosheng Science And Technology Innovation Co was 4.03. The lowest was 0.65. And the median was 2.58.

SHSE:600973's Debt-to-Equity is ranked worse than
98.51% of 2617 companies
in the Industrial Products industry
Industry Median: 0.29 vs SHSE:600973: 3.56

Baosheng Science And Technology Innovation Co Debt-to-Equity Historical Data

The historical data trend for Baosheng Science And Technology Innovation 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.

Baosheng Science And Technology Innovation Co Debt-to-Equity Chart

Baosheng Science And Technology Innovation 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 2.43 2.28 3.46 3.28 3.28

Baosheng Science And Technology Innovation 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 3.92 3.28 3.35 3.65 3.56

Competitive Comparison of Baosheng Science And Technology Innovation Co's Debt-to-Equity

For the Electrical Equipment & Parts subindustry, Baosheng Science And Technology Innovation 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.


Baosheng Science And Technology Innovation Co's Debt-to-Equity Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Baosheng Science And Technology Innovation Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Baosheng Science And Technology Innovation Co's Debt-to-Equity falls into.



Baosheng Science And Technology Innovation Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Baosheng Science And Technology Innovation Co's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Baosheng Science And Technology Innovation 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.


Baosheng Science And Technology Innovation Co  (SHSE:600973) 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.


Baosheng Science And Technology Innovation Co Debt-to-Equity Related Terms

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


Baosheng Science And Technology Innovation Co Business Description

Traded in Other Exchanges
N/A
Address
No.1 Baoying Suzhong Road, Anyi Town, Baoying County, Jiangsu Province, Yangzhou, CHN, 225800
Baosheng Science And Technology Innovation Co Ltd is a China-based company engaged in the wire and cable industry. It offers engineering, smart city, traffic, new energy wires and cables; military and aerospace cable assembly systems; locomotive cable assembly systems, military cable assembly systems and nuclear cable assembly systems. Geographically, the activities are carried out through China.
Executives
Liang Wen Xu Director
Sheng Zhang Shan Director
Yang Ze Yuan Director
Xia Cheng Jun Director
Chou Jia Bin Director
Hu Zheng Ming Director
Fang Quan Sheng senior management
Tang Chao Rong senior management
Zhao Wen Ming Supervisors
Shao Wen Lin Director
Yang Ying Hua senior management
Sun Zhen Hua Director

Baosheng Science And Technology Innovation Co Headlines

No Headlines