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Henan Thinker Automatic Equipment Co (SHSE:603508) Debt-to-Equity : 0.00 (As of Mar. 2024)


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What is Henan Thinker Automatic Equipment Co Debt-to-Equity?

Henan Thinker Automatic Equipment Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥0 Mil. Henan Thinker Automatic Equipment Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥0 Mil. Henan Thinker Automatic Equipment Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥4,654 Mil. Henan Thinker Automatic Equipment Co's debt to equity for the quarter that ended in Mar. 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 Henan Thinker Automatic Equipment Co's Debt-to-Equity or its related term are showing as below:

SHSE:603508's Debt-to-Equity is not ranked *
in the Hardware industry.
Industry Median: 0.29
* Ranked among companies with meaningful Debt-to-Equity only.

Henan Thinker Automatic Equipment Co Debt-to-Equity Historical Data

The historical data trend for Henan Thinker Automatic 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.

* Premium members only.

Henan Thinker Automatic Equipment Co Debt-to-Equity Chart

Henan Thinker Automatic Equipment Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-Equity
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Henan Thinker Automatic Equipment Co Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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Competitive Comparison of Henan Thinker Automatic Equipment Co's Debt-to-Equity

For the Scientific & Technical Instruments subindustry, Henan Thinker Automatic 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.


Henan Thinker Automatic Equipment Co's Debt-to-Equity Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Henan Thinker Automatic Equipment Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Henan Thinker Automatic Equipment Co's Debt-to-Equity falls into.



Henan Thinker Automatic Equipment Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Henan Thinker Automatic Equipment Co's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Henan Thinker Automatic Equipment Co's Debt to Equity Ratio for the quarter that ended in Mar. 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.


Henan Thinker Automatic Equipment Co  (SHSE:603508) 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.


Henan Thinker Automatic Equipment Co Debt-to-Equity Related Terms

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Henan Thinker Automatic Equipment Co (SHSE:603508) Business Description

Traded in Other Exchanges
N/A
Address
No. 97, Science Avenue, High-tech Zone, Henan Province, Zhengzhou, CHN, 450001
Henan Thinker Automatic Equipment Co Ltd is engaged in Software and IT services. Its products include LKJ2000 train running monitor device, Wireless Shunting Locomotive Signaling and monitoring systems, and among others.
Executives
Sun Kun senior management
Wang Pei Zeng Supervisors
Su Zhan Zhan senior management
Fang Wei Director
Jie Zong Guang Director
Zhao Jian Zhou Director
Li Xin Director
Wang Wei Ping Director
Guo Jie Director
Xu Jing Sheng senior management
Luo Yong Jin Supervisors
Qin Wei senior management
Gao Ya Ju senior management

Henan Thinker Automatic Equipment Co (SHSE:603508) Headlines

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