Changzhou Kaidi Electrical (SHSE:605288) Debt-to-Equity : 0.02 (As of Mar. 2024)

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What is Changzhou Kaidi Electrical Debt-to-Equity?

Changzhou Kaidi Electrical's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥34 Mil. Changzhou Kaidi Electrical's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥13 Mil. Changzhou Kaidi Electrical's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥2,187 Mil. Changzhou Kaidi Electrical's debt to equity for the quarter that ended in Mar. 2024 was 0.02.

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 Kaidi Electrical's Debt-to-Equity or its related term are showing as below:

SHSE:605288' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.01 Max: 0.27
Current: 0.02

During the past 9 years, the highest Debt-to-Equity Ratio of Changzhou Kaidi Electrical was 0.27. The lowest was 0.00. And the median was 0.01.

SHSE:605288's Debt-to-Equity is ranked better than
94.04% of 2617 companies
in the Industrial Products industry
Industry Median: 0.29 vs SHSE:605288: 0.02

Changzhou Kaidi Electrical Debt-to-Equity Historical Data

The historical data trend for Changzhou Kaidi Electrical'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 Kaidi Electrical Debt-to-Equity Chart

Changzhou Kaidi Electrical Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

0.27

0.01

Changzhou Kaidi Electrical 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															-	0.01	0.01	0.01	0.02

Competitive Comparison of Changzhou Kaidi Electrical's Debt-to-Equity

For the Electrical Equipment & Parts subindustry, Changzhou Kaidi Electrical'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 Kaidi Electrical's Debt-to-Equity Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Changzhou Kaidi Electrical's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Changzhou Kaidi Electrical's Debt-to-Equity falls into.

Changzhou Kaidi Electrical Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Changzhou Kaidi Electrical'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
	=	(3.56	+	9.396)	/	2168.05
	=	0.01

Changzhou Kaidi Electrical'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
	=	(34.194	+	12.959)	/	2186.811
	=	0.02

Changzhou Kaidi Electrical (SHSE:605288) 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 Kaidi Electrical Debt-to-Equity Related Terms

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Changzhou Kaidi Electrical (SHSE:605288) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Changzhou Kaidi Electrical Inc (SHSE:605288) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

No. 2, Hengcui Road, Jiangcun Village, Henglin Town, Wujin District, Jiangsu Province, Changzhou, CHN, 213101

Website

http://www.czkaidi.cn

Changzhou Kaidi Electrical Inc is engaged in production and sales of linear drive system products. The company develops linear drive systems, product development, manufacturing, and domestic and international marketing. It provides linear drive system products in the fields of medical care, auto parts, among others.

Executives

Yao Bu Tang	senior management
Lu Xiao Bo	Directors, senior managers
Zhou Rong Qing	Directors, senior managers
Yan Guo Hong	senior management
Zhou Lin Yu	Director
Zhou Shu Cheng	Directors, senior managers
Chen Xu Pei	senior management
Zhou Yan Qin	senior management

Changzhou Kaidi Electrical (SHSE:605288) Headlines

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