Hangzhou Cable Co (SHSE:603618) Debt-to-Equity : 1.67 (As of Sep. 2024)

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What is Hangzhou Cable Co Debt-to-Equity?

Hangzhou Cable Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was ¥4,135 Mil. Hangzhou Cable Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was ¥863 Mil. Hangzhou Cable Co's Total Stockholders Equity for the quarter that ended in Sep. 2024 was ¥3,001 Mil. Hangzhou Cable Co's debt to equity for the quarter that ended in Sep. 2024 was 1.67.

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 Hangzhou Cable Co's Debt-to-Equity or its related term are showing as below:

SHSE:603618' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.24 Med: 1.1 Max: 1.84
Current: 1.67

During the past 13 years, the highest Debt-to-Equity Ratio of Hangzhou Cable Co was 1.84. The lowest was 0.24. And the median was 1.10.

SHSE:603618's Debt-to-Equity is ranked worse than
95.32% of 2608 companies
in the Industrial Products industry
Industry Median: 0.28 vs SHSE:603618: 1.67

Hangzhou Cable Co Debt-to-Equity Historical Data

The historical data trend for Hangzhou Cable 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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Hangzhou Cable Co Debt-to-Equity Chart

Hangzhou Cable Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

0.98

1.16

1.61

1.70

Hangzhou Cable 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															1.84	1.70	1.60	1.80	1.67

Competitive Comparison of Hangzhou Cable Co's Debt-to-Equity

For the Electrical Equipment & Parts subindustry, Hangzhou Cable 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.

Hangzhou Cable Co's Debt-to-Equity Distribution in the Industrial Products Industry

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

* The bar in red indicates where Hangzhou Cable Co's Debt-to-Equity falls into.

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Hangzhou Cable Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Hangzhou Cable 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
	=	(4107.552	+	806.61)	/	2897.227
	=	1.70

Hangzhou Cable 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
	=	(4134.571	+	863.258)	/	3000.986
	=	1.67

Hangzhou Cable Co (SHSE:603618) 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.

Hangzhou Cable Co Debt-to-Equity Related Terms

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

Hangzhou Cable Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Hangzhou Cable Co Ltd (SHSE:603618) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

6th Street 68-1, Hangzhou Economic Development Zone, Zhejiang Province, Hangzhou, CHN

Website

http://www.hzcables.com

Hangzhou Cable Co Ltd engaged in the research and development, manufacturing and sale of wire and cable. The Company researches develop, produces and markets EHV cables, plastic wire, rubber cable and aerial cable, Aluminium alloy, Power cable, Rubber sleeve cable, Overhead wire, Mining cable and Control cable.

Executives

Hu Jian Ming	senior management
Hua Jian Fei	Director
Lu Chun Xiao	Director
Ni Yi Jian	Directors, senior managers
Yin Zhi Ping	senior management
Zhang Xu Dong	Supervisors
Zhang Qin Ying	Director
Zheng Xiu Hua	Director
Sun Qing Yan	Director
Zhang Xiu Hua	senior management

Hangzhou Cable Co Headlines

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