Elegant Home-tech Co (SHSE:603221) Debt-to-Equity : 0.24 (As of Mar. 2024)

View and export this data going back to 2020. Start your Free Trial

What is Elegant Home-tech Co Debt-to-Equity?

Elegant Home-tech Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥273 Mil. Elegant Home-tech Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥95 Mil. Elegant Home-tech Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥1,512 Mil. Elegant Home-tech Co's debt to equity for the quarter that ended in Mar. 2024 was 0.24.

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 Elegant Home-tech Co's Debt-to-Equity or its related term are showing as below:

SHSE:603221' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.14 Max: 0.42
Current: 0.24

During the past 9 years, the highest Debt-to-Equity Ratio of Elegant Home-tech Co was 0.42. The lowest was 0.01. And the median was 0.14.

SHSE:603221's Debt-to-Equity is ranked better than
61.26% of 382 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 0.345 vs SHSE:603221: 0.24

Elegant Home-tech Co Debt-to-Equity Historical Data

The historical data trend for Elegant Home-tech 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.

Elegant Home-tech Co Debt-to-Equity Chart

Elegant Home-tech Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

0.07

0.01

0.07

0.15

0.22

Elegant Home-tech 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															0.21	0.22	0.16	0.22	0.24

Competitive Comparison of Elegant Home-tech Co's Debt-to-Equity

For the Furnishings, Fixtures & Appliances subindustry, Elegant Home-tech 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.

Elegant Home-tech Co's Debt-to-Equity Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Elegant Home-tech Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Elegant Home-tech Co's Debt-to-Equity falls into.

Elegant Home-tech Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Elegant Home-tech 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
	=	(240.207	+	79.131)	/	1475.197
	=	0.22

Elegant Home-tech 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
	=	(272.559	+	95.223)	/	1511.869
	=	0.24

Elegant Home-tech Co (SHSE:603221) 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.

Elegant Home-tech Co Debt-to-Equity Related Terms

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

Elegant Home-tech Co (SHSE:603221) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Elegant Home-tech Co Ltd (SHSE:603221) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

Hexing Street,Jinfeng Town, Jiangsu, Zhangjiagang, CHN, 215616

Website

http://www.eletile.com

Elegant Home-tech Co Ltd formerly known as Zhangjiagang Elegant Home-Tech Co Ltd is a manufacturer of Vinyl Floor Tiles in China. The company has both residential and commercial collections with more than 1,000 patterns for customer characterized by the look and feel of natural wood, stone, ceramic & carpet. Its products range includes Vinyl planks in wooden designs, Vinyl planks In-registered, Vinyl tiles in stone, marble, granite designs, Vinyl tiles in Carpet design, and Anti slip & Solid color Vinyl tiles.

Executives

Yang Wen Hai

Supervisors

Elegant Home-tech Co (SHSE:603221) Headlines

No Headlines