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Suzhou HYC Technology Co (SHSE:688001) Debt-to-Equity : 0.23 (As of Mar. 2024)


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What is Suzhou HYC Technology Co Debt-to-Equity?

Suzhou HYC Technology Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥88 Mil. Suzhou HYC Technology Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥813 Mil. Suzhou HYC Technology Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥3,898 Mil. Suzhou HYC Technology Co's debt to equity for the quarter that ended in Mar. 2024 was 0.23.

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 Suzhou HYC Technology Co's Debt-to-Equity or its related term are showing as below:

SHSE:688001' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01   Med: 0.15   Max: 0.23
Current: 0.23

During the past 8 years, the highest Debt-to-Equity Ratio of Suzhou HYC Technology Co was 0.23. The lowest was 0.01. And the median was 0.15.

SHSE:688001's Debt-to-Equity is ranked better than
56.73% of 2193 companies
in the Hardware industry
Industry Median: 0.29 vs SHSE:688001: 0.23

Suzhou HYC Technology Co Debt-to-Equity Historical Data

The historical data trend for Suzhou HYC Technology 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.

Suzhou HYC Technology Co Debt-to-Equity Chart

Suzhou HYC Technology Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-Equity
Get a 7-Day Free Trial 0.01 0.01 0.22 0.21 0.21

Suzhou HYC Technology 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.20 0.21 0.22 0.21 0.23

Competitive Comparison of Suzhou HYC Technology Co's Debt-to-Equity

For the Electronic Components subindustry, Suzhou HYC Technology 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.


Suzhou HYC Technology Co's Debt-to-Equity Distribution in the Hardware Industry

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

* The bar in red indicates where Suzhou HYC Technology Co's Debt-to-Equity falls into.



Suzhou HYC Technology Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Suzhou HYC Technology Co's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Suzhou HYC Technology 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.


Suzhou HYC Technology Co  (SHSE:688001) 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.


Suzhou HYC Technology Co Debt-to-Equity Related Terms

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Suzhou HYC Technology Co (SHSE:688001) Business Description

Traded in Other Exchanges
N/A
Address
No. 8 Qingqiu Lane, Suzhou Industrial Park, Suzhou, CHN, 215000
Suzhou HYC Technology Co Ltd is a provider of industrial automatic test equipment and complete line system solutions. The test products are used in the manufacturers of LCD, flexible OLED, semiconductor, new energy automotive electronics and other industries.
Executives
Zhu Chen Director
Cheng Zhong senior management
Zhang Qian Director
Jiang Rui Xiang senior management

Suzhou HYC Technology Co (SHSE:688001) Headlines

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