Shanghai Automobile Air-Conditioner Accessories Co (SHSE:603107) Debt-to-Equity : 0.11 (As of Mar. 2024)

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What is Shanghai Automobile Air-Conditioner Accessories Co Debt-to-Equity?

Shanghai Automobile Air-Conditioner Accessories Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥59 Mil. Shanghai Automobile Air-Conditioner Accessories Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥162 Mil. Shanghai Automobile Air-Conditioner Accessories Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥2,047 Mil. Shanghai Automobile Air-Conditioner Accessories Co's debt to equity for the quarter that ended in Mar. 2024 was 0.11.

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 Automobile Air-Conditioner Accessories Co's Debt-to-Equity or its related term are showing as below:

SHSE:603107' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.11 Med: 0.28 Max: 0.42
Current: 0.11

During the past 7 years, the highest Debt-to-Equity Ratio of Shanghai Automobile Air-Conditioner Accessories Co was 0.42. The lowest was 0.11. And the median was 0.28.

SHSE:603107's Debt-to-Equity is ranked better than
82.41% of 1177 companies
in the Vehicles & Parts industry
Industry Median: 0.47 vs SHSE:603107: 0.11

Shanghai Automobile Air-Conditioner Accessories Co Debt-to-Equity Historical Data

The historical data trend for Shanghai Automobile Air-Conditioner Accessories 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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Shanghai Automobile Air-Conditioner Accessories Co Debt-to-Equity Chart

Shanghai Automobile Air-Conditioner Accessories Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.24

0.28

0.23

0.33

0.11

Shanghai Automobile Air-Conditioner Accessories Co Quarterly Data
	Dec17	Dec18	Dec19	Jun20	Dec20	Dec21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial									N/A	0.36	0.36	0.11	0.11

Competitive Comparison of Shanghai Automobile Air-Conditioner Accessories Co's Debt-to-Equity

For the Auto Parts subindustry, Shanghai Automobile Air-Conditioner Accessories 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 Automobile Air-Conditioner Accessories Co's Debt-to-Equity Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Shanghai Automobile Air-Conditioner Accessories Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Shanghai Automobile Air-Conditioner Accessories Co's Debt-to-Equity falls into.

Shanghai Automobile Air-Conditioner Accessories Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Shanghai Automobile Air-Conditioner Accessories 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
	=	(60.593	+	161.567)	/	2002.889
	=	0.11

Shanghai Automobile Air-Conditioner Accessories 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
	=	(59.033	+	161.678)	/	2047.12
	=	0.11

Shanghai Automobile Air-Conditioner Accessories Co (SHSE:603107) 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 Automobile Air-Conditioner Accessories Co Debt-to-Equity Related Terms

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Shanghai Automobile Air-Conditioner Accessories Co (SHSE:603107) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Shanghai Automobile Air-Conditioner Accessories Co Ltd (SHSE:603107) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1188, Lianxi Road, Pudong New Area, Shanghai, CHN, 201204

Website

Shanghai Automobile Air-Conditioner Accessories Co Ltd is engaged in research & development, production and sales of automobile parts such as air conditioning pipes and fuel distribution pipes.

Shanghai Automobile Air-Conditioner Accessories Co (SHSE:603107) Headlines

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