Cambricon Technologies (SHSE:688256) Debt-to-Equity : 0.01 (As of Sep. 2023)

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What is Cambricon Technologies Debt-to-Equity?

Cambricon Technologies's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ¥55.1 Mil. Cambricon Technologies's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ¥8.2 Mil. Cambricon Technologies's Total Stockholders Equity for the quarter that ended in Sep. 2023 was ¥5,808.6 Mil. Cambricon Technologies's debt to equity for the quarter that ended in Sep. 2023 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 Cambricon Technologies's Debt-to-Equity or its related term are showing as below:

SHSE:688256' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.02 Max: 0.02
Current: 0.01

During the past 6 years, the highest Debt-to-Equity Ratio of Cambricon Technologies was 0.02. The lowest was 0.01. And the median was 0.02.

SHSE:688256's Debt-to-Equity is ranked better than
99.89% of 881 companies
in the Semiconductors industry
Industry Median: 0.26 vs SHSE:688256: 0.01

Cambricon Technologies Debt-to-Equity Historical Data

The historical data trend for Cambricon Technologies'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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Cambricon Technologies Debt-to-Equity Chart

Cambricon Technologies Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Debt-to-Equity

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0.02

Cambricon Technologies Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial															0.02	0.02	0.02	0.01	0.01

Competitive Comparison of Cambricon Technologies's Debt-to-Equity

For the Semiconductors subindustry, Cambricon Technologies'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.

Cambricon Technologies's Debt-to-Equity Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Cambricon Technologies's Debt-to-Equity distribution charts can be found below:

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

Cambricon Technologies Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Cambricon Technologies's Debt to Equity Ratio for the fiscal year that ended in Dec. 2022 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
	=	(62.943	+	41.694)	/	4855.047
	=	0.02

Cambricon Technologies's Debt to Equity Ratio for the quarter that ended in Sep. 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
	=	(55.054	+	8.197)	/	5808.603
	=	0.01

Cambricon Technologies (SHSE:688256) 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.

Cambricon Technologies Debt-to-Equity Related Terms

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Cambricon Technologies (SHSE:688256) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Cambricon Technologies Corp Ltd (SHSE:688256) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 7 Zhichun Road, 11th, 14th, 16th floors, Block D, Zhizheng Building, Haidian District, Beijing, CHN, 100191

Website

http://www.cambricon.com

Cambricon Technologies Corp Ltd is engaged in design and sales of artificial intelligence core chips in various cloud servers, edge computing equipment, and terminal equipment provide customers with rich chip products and system software solutions.

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