iRay Technology Co (SHSE:688301) Debt-to-Equity : 0.67 (As of Mar. 2024)

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What is iRay Technology Co Debt-to-Equity?

iRay Technology Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥111 Mil. iRay Technology Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥2,897 Mil. iRay Technology Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥4,477 Mil. iRay Technology Co's debt to equity for the quarter that ended in Mar. 2024 was 0.67.

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

SHSE:688301' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.06 Max: 0.67
Current: 0.67

During the past 9 years, the highest Debt-to-Equity Ratio of iRay Technology Co was 0.67. The lowest was 0.01. And the median was 0.06.

SHSE:688301's Debt-to-Equity is ranked worse than
79.8% of 698 companies
in the Medical Devices & Instruments industry
Industry Median: 0.22 vs SHSE:688301: 0.67

iRay Technology Co Debt-to-Equity Historical Data

The historical data trend for iRay 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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iRay Technology Co Debt-to-Equity Chart

iRay Technology Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.14

0.03

0.02

0.37

0.48

iRay 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															0.36	0.39	0.37	0.48	0.67

Competitive Comparison of iRay Technology Co's Debt-to-Equity

For the Medical Instruments & Supplies subindustry, iRay 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.

iRay Technology Co's Debt-to-Equity Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, iRay Technology Co's Debt-to-Equity distribution charts can be found below:

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

iRay Technology Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

iRay 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
	=	(379.746	+	1717.757)	/	4330.419
	=	0.48

iRay 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
	=	(110.651	+	2897.246)	/	4477.023
	=	0.67

iRay Technology Co (SHSE:688301) 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.

iRay Technology Co Debt-to-Equity Related Terms

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iRay Technology Co (SHSE:688301) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » iRay Technology Co Ltd (SHSE:688301) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.590 Ruiqing Road, Room 202, 2nd Floor, Building 9, Pudong New Area, Shanghai, CHN, 201201

Website

http://www.iraygroup.com

iRay Technology Co Ltd is engaged in development and manufacturing of key X-ray system components used in medical, dental, veterinary and industrial imaging applications. The company's products portfolio includes Wireless Radiography Detectors; Tethered Radiography Detectors; Mammography Detectors; Dynamic/Real-time Detectors; Linear Detector Arrays; Software; and Other.

Executives

	Director
	Directors, senior managers, core technical personn

iRay Technology Co (SHSE:688301) Headlines

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