Bonree Data Technology Co (SHSE:688229) Debt-to-Equity : 0.01 (As of Mar. 2024)

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What is Bonree Data Technology Co Debt-to-Equity?

Bonree Data Technology Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥5.1 Mil. Bonree Data Technology Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥0.2 Mil. Bonree Data Technology Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥522.5 Mil. Bonree Data Technology Co's debt to equity for the quarter that ended in Mar. 2024 was 0.01.

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

SHSE:688229' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.01 Max: 0.02
Current: 0.01

During the past 11 years, the highest Debt-to-Equity Ratio of Bonree Data Technology Co was 0.02. The lowest was 0.00. And the median was 0.01.

SHSE:688229's Debt-to-Equity is ranked better than
99.95% of 2213 companies
in the Software industry
Industry Median: 0.21 vs SHSE:688229: 0.01

Bonree Data Technology Co Debt-to-Equity Historical Data

The historical data trend for Bonree Data 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.

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Bonree Data Technology Co Debt-to-Equity Chart

Bonree Data Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.01

0.02

0.01

Bonree Data 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															0.01	0.01	0.01	0.01	0.01

Competitive Comparison of Bonree Data Technology Co's Debt-to-Equity

For the Software - Infrastructure subindustry, Bonree Data 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.

Bonree Data Technology Co's Debt-to-Equity Distribution in the Software Industry

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

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

Bonree Data Technology Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Bonree Data 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
	=	(6.457	+	1.358)	/	552.507
	=	0.01

Bonree Data 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
	=	(5.088	+	0.194)	/	522.509
	=	0.01

Bonree Data Technology Co (SHSE:688229) 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.

Bonree Data Technology Co Debt-to-Equity Related Terms

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Bonree Data Technology Co (SHSE:688229) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Bonree Data Technology Co Ltd (SHSE:688229) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

4th Floor, No. 46 Dongzhong Street, Dongcheng District, Beijing, CHN, 100027

Website

http://www.bonree.com

Bonree Data Technology Co Ltd is an application performance management service provider in China. The company establishes a visual full-business chain performance management system for enterprises to ensure that performance problems at all levels are accurately discovered and located, helping enterprises quickly grasp the impact of application performance on the business, and quickly optimize application performance and IT cost investment in a targeted manner, thereby improving the efficiency and quality of IT system support for digital services, helping companies reduce costs and losses, and improving user experience and business development.

Executives

Jiao Ruo Lei	Director
Hou Jian Kang	Supervisors
Wang Li Min	Director

Bonree Data Technology Co (SHSE:688229) Headlines

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