Hangzhou Jingye Intelligent Technology Co (SHSE:688290) Debt-to-Equity : 0.04 (As of Mar. 2024)

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What is Hangzhou Jingye Intelligent Technology Co Debt-to-Equity?

Hangzhou Jingye Intelligent Technology Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥2.9 Mil. Hangzhou Jingye Intelligent Technology Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥48.5 Mil. Hangzhou Jingye Intelligent Technology Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥1,229.9 Mil. Hangzhou Jingye Intelligent Technology Co's debt to equity for the quarter that ended in Mar. 2024 was 0.04.

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 Hangzhou Jingye Intelligent Technology Co's Debt-to-Equity or its related term are showing as below:

SHSE:688290' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.02 Max: 0.68
Current: 0.04

During the past 6 years, the highest Debt-to-Equity Ratio of Hangzhou Jingye Intelligent Technology Co was 0.68. The lowest was 0.00. And the median was 0.02.

SHSE:688290's Debt-to-Equity is ranked better than
86.59% of 2193 companies
in the Hardware industry
Industry Median: 0.29 vs SHSE:688290: 0.04

Hangzhou Jingye Intelligent Technology Co Debt-to-Equity Historical Data

The historical data trend for Hangzhou Jingye 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.

Hangzhou Jingye Intelligent Technology Co Debt-to-Equity Chart

Hangzhou Jingye Intelligent Technology Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.02

0.04

0.03

0.01

0.03

Hangzhou Jingye Intelligent Technology Co Quarterly Data
	Dec18	Dec19	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	0.02	0.03	0.04

Competitive Comparison of Hangzhou Jingye Intelligent Technology Co's Debt-to-Equity

For the Computer Hardware subindustry, Hangzhou Jingye 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.

Hangzhou Jingye Intelligent Technology Co's Debt-to-Equity Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Hangzhou Jingye Intelligent Technology Co's Debt-to-Equity distribution charts can be found below:

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

Hangzhou Jingye Intelligent Technology Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Hangzhou Jingye 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
	=	(2.884	+	33.413)	/	1259.739
	=	0.03

Hangzhou Jingye 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
	=	(2.908	+	48.549)	/	1229.902
	=	0.04

Hangzhou Jingye Intelligent Technology Co (SHSE:688290) 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.

Hangzhou Jingye Intelligent Technology Co Debt-to-Equity Related Terms

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Hangzhou Jingye Intelligent Technology Co (SHSE:688290) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Hangzhou Jingye Intelligent Technology Co Ltd (SHSE:688290) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

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Address

No. 857 Xincheng Road, Room 35001, Yuejiang Commercial Center, Binjiang District, Zhejiang Province, Hangzhou, CHN, 310052

Website

http://www.boomy.cn

Hangzhou Jingye Intelligent Technology Co Ltd is engaged in the research and development, production and sales of special robots and intelligent equipment.

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