DBAPPSecurity Co (SHSE:688023) Debt-to-Equity : 0.54 (As of Mar. 2024)

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What is DBAPPSecurity Co Debt-to-Equity?

DBAPPSecurity Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥933 Mil. DBAPPSecurity Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥382 Mil. DBAPPSecurity Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥2,424 Mil. DBAPPSecurity Co's debt to equity for the quarter that ended in Mar. 2024 was 0.54.

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

SHSE:688023' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.24 Max: 0.54
Current: 0.54

During the past 8 years, the highest Debt-to-Equity Ratio of DBAPPSecurity Co was 0.54. The lowest was 0.01. And the median was 0.24.

SHSE:688023's Debt-to-Equity is ranked worse than
73.64% of 2200 companies
in the Software industry
Industry Median: 0.2 vs SHSE:688023: 0.54

DBAPPSecurity Co Debt-to-Equity Historical Data

The historical data trend for DBAPPSecurity 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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DBAPPSecurity Co Debt-to-Equity Chart

DBAPPSecurity Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.08

0.09

0.29

0.37

0.51

DBAPPSecurity 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															0.41	0.46	0.51	0.51	0.54

Competitive Comparison of DBAPPSecurity Co's Debt-to-Equity

For the Software - Infrastructure subindustry, DBAPPSecurity 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.

DBAPPSecurity Co's Debt-to-Equity Distribution in the Software Industry

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

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

DBAPPSecurity Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

DBAPPSecurity 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
	=	(887.62	+	415.805)	/	2559.901
	=	0.51

DBAPPSecurity 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
	=	(933.429	+	382.435)	/	2423.585
	=	0.54

DBAPPSecurity Co (SHSE:688023) 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.

DBAPPSecurity Co Debt-to-Equity Related Terms

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DBAPPSecurity Co (SHSE:688023) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » DBAPPSecurity Co Ltd (SHSE:688023) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 188, Lianhui Street, Anheng Building, Xixing Street, Binjiang District, Zhejiang, Hangzhou, CHN, 310051

Website

https://www.dbappsecurity.com.cn

DBAPPSecurity Co Ltd is engaged in the development, production and sales of network information security products and provides customers with professional network information security services. The company's products and services cover applications such as Application Security, Big data Security, Cloud Security, IoT Security, Industrial Control Security, and Industrial Internet Security.

Executives

Tan Xiu Zhu	Core technical personnel
Liu Bo	Core technical personnel
Jiang You Wei	Director
Fan Yuan	Director
Shen Ren Mei	Director

DBAPPSecurity Co (SHSE:688023) Headlines

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