Changzhou Aohong Electronics Co (SHSE:605058) Debt-to-Equity : 0.06 (As of Mar. 2024)

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What is Changzhou Aohong Electronics Co Debt-to-Equity?

Changzhou Aohong Electronics Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥93 Mil. Changzhou Aohong Electronics Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥0 Mil. Changzhou Aohong Electronics Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥1,651 Mil. Changzhou Aohong Electronics Co's debt to equity for the quarter that ended in Mar. 2024 was 0.06.

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 Changzhou Aohong Electronics Co's Debt-to-Equity or its related term are showing as below:

SHSE:605058' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.03 Med: 0.1 Max: 0.26
Current: 0.06

During the past 8 years, the highest Debt-to-Equity Ratio of Changzhou Aohong Electronics Co was 0.26. The lowest was 0.03. And the median was 0.10.

SHSE:605058's Debt-to-Equity is ranked better than
81.15% of 2196 companies
in the Hardware industry
Industry Median: 0.29 vs SHSE:605058: 0.06

Changzhou Aohong Electronics Co Debt-to-Equity Historical Data

The historical data trend for Changzhou Aohong Electronics 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.

Changzhou Aohong Electronics Co Debt-to-Equity Chart

Changzhou Aohong Electronics Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.26

0.10

0.12

0.11

0.06

Changzhou Aohong Electronics 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															0.10	0.03	0.06	0.06	0.06

Competitive Comparison of Changzhou Aohong Electronics Co's Debt-to-Equity

For the Electronic Components subindustry, Changzhou Aohong Electronics 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.

Changzhou Aohong Electronics Co's Debt-to-Equity Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Changzhou Aohong Electronics Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Changzhou Aohong Electronics Co's Debt-to-Equity falls into.

Changzhou Aohong Electronics Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Changzhou Aohong Electronics 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
	=	(93	+	0)	/	1619.301
	=	0.06

Changzhou Aohong Electronics 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
	=	(93	+	0)	/	1650.699
	=	0.06

Changzhou Aohong Electronics Co (SHSE:605058) 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.

Changzhou Aohong Electronics Co Debt-to-Equity Related Terms

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

Changzhou Aohong Electronics Co (SHSE:605058) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Changzhou Aohong Electronics Co Ltd (SHSE:605058) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

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Address

No. 15, Xinke Road, Xinbei District, Jiangsu Province, Changzhou, CHN, 213031

Website

http://www.czaohong.com

Changzhou Aohong Electronics Co Ltd is engaged in the production and sales of printed circuit boards (PCB). Its main products are single-sided PCB, double-sided PCB, multi-layer PCB and metal base, printed boards, tin-jet printed boards, carbon film boards and others. The products cover many fields such as household appliances, consumer electronics, power sources, network communications and automotive electronics.

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