Zhejiang Risun Intelligent Technology Co (SHSE:688215) Debt-to-Equity : 0.23 (As of Mar. 2024)

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What is Zhejiang Risun Intelligent Technology Co Debt-to-Equity?

Zhejiang Risun Intelligent Technology Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥102.2 Mil. Zhejiang Risun Intelligent Technology Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥1.7 Mil. Zhejiang Risun Intelligent Technology Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥454.6 Mil. Zhejiang Risun Intelligent 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 Zhejiang Risun Intelligent Technology Co's Debt-to-Equity or its related term are showing as below:

SHSE:688215' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.11 Max: 0.27
Current: 0.23

During the past 10 years, the highest Debt-to-Equity Ratio of Zhejiang Risun Intelligent Technology Co was 0.27. The lowest was 0.01. And the median was 0.11.

SHSE:688215's Debt-to-Equity is ranked better than
56.98% of 2629 companies
in the Industrial Products industry
Industry Median: 0.29 vs SHSE:688215: 0.23

Zhejiang Risun Intelligent Technology Co Debt-to-Equity Historical Data

The historical data trend for Zhejiang Risun Intelligent 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.

Zhejiang Risun Intelligent Technology Co Debt-to-Equity Chart

Zhejiang Risun Intelligent Technology Co Annual Data

Trend

Dec13

Dec14

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.11

0.03

0.10

0.13

0.18

Zhejiang Risun Intelligent 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															0.14	0.17	0.16	0.18	0.23

Competitive Comparison of Zhejiang Risun Intelligent Technology Co's Debt-to-Equity

For the Specialty Industrial Machinery subindustry, Zhejiang Risun Intelligent 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.

Zhejiang Risun Intelligent Technology Co's Debt-to-Equity Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Zhejiang Risun Intelligent Technology Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Zhejiang Risun Intelligent Technology Co's Debt-to-Equity falls into.

Zhejiang Risun Intelligent Technology Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Zhejiang Risun Intelligent Technology 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
	=	(81.044	+	1.821)	/	453.043
	=	0.18

Zhejiang Risun Intelligent Technology 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
	=	(102.221	+	1.702)	/	454.589
	=	0.23

Zhejiang Risun Intelligent Technology Co (SHSE:688215) 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.

Zhejiang Risun Intelligent Technology Co Debt-to-Equity Related Terms

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Zhejiang Risun Intelligent Technology Co (SHSE:688215) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Zhejiang Risun Intelligent Technology Co Ltd (SHSE:688215) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Room 4-18, No. 6, Jingyuan Road, Ningbo High-tech Zone, Zhejiang Province, Ningbo, CHN, 315040

Website

http://www.sunrise.com.cn

Zhejiang Risun Intelligent Technology Co Ltd is engaged in production and sales of intelligent material transfer, automated production, automated storage, automated sorting and logistics systems in industrial production. The company's main products are intelligent suspension production system, intelligent suspension warehouse sorting system, plane logistics transportation system, intelligent intersection pallet sorting machine, intelligent stereo storage system, real time data acquisition system and intelligent mobile robot (AGV), MES, WMS and other automated production equipment and logistics equipment, that are mainly applied to clothing, home textile, home, auto parts, cases, bags, shoes, baby carrier, electric business, logistics, warehousing, washing, and other industries.

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