Quick Intelligent Equipment Co (SHSE:603203) Debt-to-Equity : 0.01 (As of Sep. 2024)

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What is Quick Intelligent Equipment Co Debt-to-Equity?

Quick Intelligent Equipment Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was ¥5.5 Mil. Quick Intelligent Equipment Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was ¥0.8 Mil. Quick Intelligent Equipment Co's Total Stockholders Equity for the quarter that ended in Sep. 2024 was ¥1,366.1 Mil. Quick Intelligent Equipment Co's debt to equity for the quarter that ended in Sep. 2024 was 0.00.

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 Quick Intelligent Equipment Co's Debt-to-Equity or its related term are showing as below:

SHSE:603203' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.01 Max: 0.02
Current: 0.01

During the past 13 years, the highest Debt-to-Equity Ratio of Quick Intelligent Equipment Co was 0.02. The lowest was 0.01. And the median was 0.01.

SHSE:603203's Debt-to-Equity is ranked better than
99.96% of 2592 companies
in the Industrial Products industry
Industry Median: 0.29 vs SHSE:603203: 0.01

Quick Intelligent Equipment Co Debt-to-Equity Historical Data

The historical data trend for Quick Intelligent Equipment 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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Quick Intelligent Equipment Co Debt-to-Equity Chart

Quick Intelligent Equipment Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.02

0.01

Quick Intelligent Equipment 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															0.01	0.01	0.01	0.01	0.01

Competitive Comparison of Quick Intelligent Equipment Co's Debt-to-Equity

For the Specialty Industrial Machinery subindustry, Quick Intelligent Equipment 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.

Quick Intelligent Equipment Co's Debt-to-Equity Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Quick Intelligent Equipment Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Quick Intelligent Equipment Co's Debt-to-Equity falls into.

Quick Intelligent Equipment Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Quick Intelligent Equipment 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
	=	(6.994	+	1.538)	/	1373.57
	=	0.01

Quick Intelligent Equipment Co's Debt to Equity Ratio for the quarter that ended in Sep. 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
	=	(5.47	+	0.824)	/	1366.054
	=	0.00

Quick Intelligent Equipment Co (SHSE:603203) 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.

Quick Intelligent Equipment Co Debt-to-Equity Related Terms

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Quick Intelligent Equipment Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Quick Intelligent Equipment Co Ltd (SHSE:603203) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 11, Fengxiang Road, South District, Wujin High-tech Zone, Jiangsu Province, Changzhou, CHN, 213164

Website

http://www.quickchina.com.cn

Quick Intelligent Equipment Co Ltd is an industrial machinery manufacturing company. It has two major product lines: intelligent equipment which includes soldering iron welding robot, laser welding robot, automatic welding equipment, automatic screw locking equipment and intelligent soldering station; and system integration product line include automatic welding, automatic dispensing, automatic assembly testing, AOI visual inspection, handling transfer and MES integrated application. It is widely serving 3C electronics, automotive electronics, medical electronics, smart home, new energy lithium industry customers.

Executives

Yin Wen Xian	senior management
Dou Xiao Ming	Director
Miao Xiao Ming	senior management
Liu Zhi Hong	Director
Qi Guo Qiang	Director
Wan Wen Shan	Director

Quick Intelligent Equipment Co Headlines

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