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Zhejiang Heda Technology CoSHSE:688296 -0.23%53 Debt-to-Equity is 0.19 as of Jun. 2026, which is 375% above its 10-year median of 0.04. GuruFocus rates SHSE:688296 with a GF Score™ of 53/100 and a GF Value™ of ¥10.38 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 472 Utilities - Regulated companies, Zhejiang Heda Technology Co ranks better than 86.23% on this metric.
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 Heda Technology Co's Debt-to-Equity or its related term are showing as below:
SHSE:688296'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.04 Max: 0.13
Current: 0.13
During the past 8 years, the highest Debt-to-Equity Ratio of Zhejiang Heda Technology Co was 0.13. The lowest was 0.01. And the median was 0.04.
SHSE:688296's Debt-to-Equity is ranked better than 86.23% of 472
companies
in the Utilities - Regulated industry
Industry Median: 1
vs SHSE:688296: 0.13
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 Heda Technology Co Debt-to-Equity Related Terms
Zhejiang Heda Technology Co Debt-to-Equity Historical Data
* 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.
SHSE:688296 vs AWK, WTRG, AWR: Debt-to-Equity Comparison
For the Utilities - Regulated Water subindustry, Zhejiang Heda 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 Heda Technology Co Debt-to-Equity vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Zhejiang Heda Technology Co's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Zhejiang Heda Technology Co's Debt-to-Equity falls into.
* 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.
Zhejiang Heda Technology Co (SHSE:688296) has a Debt-to-Equity of 0.19 as of Jun. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Zhejiang Heda Technology Co and its competitors. This is 375% above median its historical median of 0.04. Over the past decade, Zhejiang Heda Technology Co's Debt-to-Equity has ranged from 0.01 to 0.13. According to the industry distribution chart, Zhejiang Heda Technology Co ranks #65 out of 472 companies in the Utilities - Regulated industry, placing it in the top 13.8%.
Is Zhejiang Heda Technology Co's Debt-to-Equity too high?
Zhejiang Heda Technology Co's current Debt-to-Equity of 0.19 is 375% above median its 10-year median of 0.04. Over the past 10 years, this metric has ranged from a low of 0.01 to a high of 0.13. The Utilities - Regulated industry median Debt-to-Equity is 1.00. Zhejiang Heda Technology Co's value of 0.19 is 81% below this industry median. Based on the distribution chart, Zhejiang Heda Technology Co ranks #65 out of 472 companies in the Utilities - Regulated industry, which is in the top quartile — a strong position relative to peers. Overall, Zhejiang Heda Technology Co has a GF Score™ of 53/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Zhejiang Heda Technology Co's Debt-to-Equity compare to AWK and WTRG?
According to the Utilities - Regulated industry distribution chart, Zhejiang Heda Technology Co ranks #65 out of 472 companies for Debt-to-Equity. This places Zhejiang Heda Technology Co in the top 14% of its industry — outperforming the majority of peers. The industry median Debt-to-Equity is 1.00. Zhejiang Heda Technology Co's value of 0.19 is 81% below this benchmark. Historically, Zhejiang Heda Technology Co's own Debt-to-Equity has ranged from 0.01 to 0.13 over the past decade. While the company's 10-year median is 0.04 vs. the industry median of 1.00, Zhejiang Heda Technology Co has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-Equity for an Utilities - Regulated company?
The median Debt-to-Equity among Utilities - Regulated companies is 1.00, based on 472 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Zhejiang Heda Technology Co's current Debt-to-Equity of 0.19 is 81% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Zhejiang Heda Technology Co and its competitors. For the Utilities - Regulated industry, the median Debt-to-Equity is 1.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Zhejiang Heda Technology Co's current Debt-to-Equity is 0.19, which is 375% above median its own 10-year median of 0.04. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zhejiang Heda Technology Co stock overvalued right now?
Based on GuruFocus' analysis, Zhejiang Heda Technology Co (SHSE:688296) is currently considered Significantly Overvalued. The stock's GF Value™ is ¥10.38, compared to a current price of ¥26.50 — trading 155.3% above its estimated fair value. The current Debt-to-Equity is 0.19, which is 375% above median its 10-year median of 0.04 and 81% below the Utilities - Regulated industry median of 1.00. Zhejiang Heda Technology Co's overall GF Score™ is 53/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For Zhejiang Heda Technology Co (SHSE:688296), the current Debt-to-Equity is 0.19 as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Zhejiang Heda Technology Co (SHSE:688296) Overvalued in 2026?
Based on GuruFocus' analysis, Zhejiang Heda Technology Co stock appears to be overvalued.
The current stock price of ¥26.50 is trading 155.3% above its estimated GF Value™ of ¥10.38.
GuruFocus considers Zhejiang Heda Technology Co to be Significantly Overvalued.
Key valuation signals for SHSE:688296:
Debt-to-Equity: 0.19 (375% above median its 10-year median of 0.04)
GF Value™: ¥10.38 vs. price of ¥26.50 (155.3% above fair value)
Industry Position: 81% below the Utilities - Regulated median (#65 of 472)
No single metric tells the full story. See the SHSE:688296 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Address36 Changsheng South Road, Building 18, Jiaxing Smart Industrial Innovation Park, Economic and Technological Development Zone, Zhejiang Province, Jiaxing, CHN, 314006
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