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Asiainfo Security Technologies Co (SHSE:688225) Debt-to-Equity : 0.17 (As of Mar. 2024)


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What is Asiainfo Security Technologies Co Debt-to-Equity?

Asiainfo Security Technologies Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥98 Mil. Asiainfo Security Technologies Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥244 Mil. Asiainfo Security Technologies Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥1,991 Mil. Asiainfo Security Technologies Co's debt to equity for the quarter that ended in Mar. 2024 was 0.17.

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

SHSE:688225' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.04   Med: 0.06   Max: 0.17
Current: 0.17

During the past 7 years, the highest Debt-to-Equity Ratio of Asiainfo Security Technologies Co was 0.17. The lowest was 0.04. And the median was 0.06.

SHSE:688225's Debt-to-Equity is ranked better than
53.97% of 2205 companies
in the Software industry
Industry Median: 0.2 vs SHSE:688225: 0.17

Asiainfo Security Technologies Co Debt-to-Equity Historical Data

The historical data trend for Asiainfo Security Technologies 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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Asiainfo Security Technologies Co Debt-to-Equity Chart

Asiainfo Security Technologies Co Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-Equity
Get a 7-Day Free Trial - 0.11 0.10 0.04 0.15

Asiainfo Security Technologies Co Quarterly Data
Dec17 Dec18 Dec19 Mar20 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 0.04 0.05 0.05 0.15 0.17

Competitive Comparison of Asiainfo Security Technologies Co's Debt-to-Equity

For the Information Technology Services subindustry, Asiainfo Security Technologies 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.


Asiainfo Security Technologies Co's Debt-to-Equity Distribution in the Software Industry

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

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



Asiainfo Security Technologies Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Asiainfo Security Technologies Co's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Asiainfo Security Technologies 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.


Asiainfo Security Technologies Co  (SHSE:688225) 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.


Asiainfo Security Technologies Co Debt-to-Equity Related Terms

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Asiainfo Security Technologies Co (SHSE:688225) Business Description

Traded in Other Exchanges
N/A
Address
No. 98, Huashen Avenue, Building 01, Yuhuatai District, Jiangsu Province, Nanjing, CHN, 100089
Asiainfo Security Technologies Co Ltd is a leader in China's network security software field, and a network security company that knows the Internet and the cloud in the industry.

Asiainfo Security Technologies Co (SHSE:688225) Headlines

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