Shenzhen Intellifusion Technologies Co (SHSE:688343) Debt-to-Equity : 0.02 (As of Mar. 2024)

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What is Shenzhen Intellifusion Technologies Co Debt-to-Equity?

Shenzhen Intellifusion Technologies Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥64.0 Mil. Shenzhen Intellifusion Technologies Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥21.3 Mil. Shenzhen Intellifusion Technologies Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥4,290.7 Mil. Shenzhen Intellifusion Technologies Co's debt to equity for the quarter that ended in Mar. 2024 was 0.02.

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 Shenzhen Intellifusion Technologies Co's Debt-to-Equity or its related term are showing as below:

SHSE:688343' s Debt-to-Equity Range Over the Past 10 Years
Min: -3.01 Med: 0.02 Max: 0.15
Current: 0.02

During the past 7 years, the highest Debt-to-Equity Ratio of Shenzhen Intellifusion Technologies Co was 0.15. The lowest was -3.01. And the median was 0.02.

SHSE:688343's Debt-to-Equity is ranked better than
92.36% of 2213 companies
in the Software industry
Industry Median: 0.21 vs SHSE:688343: 0.02

Shenzhen Intellifusion Technologies Co Debt-to-Equity Historical Data

The historical data trend for Shenzhen Intellifusion Technologies 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.

Shenzhen Intellifusion Technologies Co Debt-to-Equity Chart

Shenzhen Intellifusion Technologies Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

-3.01

0.07

0.03

0.02

0.01

Shenzhen Intellifusion Technologies Co Quarterly Data
	Dec17	Dec18	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial														-	-	-	0.01	0.02

Competitive Comparison of Shenzhen Intellifusion Technologies Co's Debt-to-Equity

For the Software - Application subindustry, Shenzhen Intellifusion Technologies 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.

Shenzhen Intellifusion Technologies Co's Debt-to-Equity Distribution in the Software Industry

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

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

Shenzhen Intellifusion Technologies Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Shenzhen Intellifusion Technologies 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
	=	(13.817	+	22.856)	/	4380.325
	=	0.01

Shenzhen Intellifusion Technologies 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
	=	(63.953	+	21.311)	/	4290.697
	=	0.02

Shenzhen Intellifusion Technologies Co (SHSE:688343) 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.

Shenzhen Intellifusion Technologies Co Debt-to-Equity Related Terms

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Shenzhen Intellifusion Technologies Co (SHSE:688343) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Shenzhen Intellifusion Technologies Co Ltd (SHSE:688343) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 8288, Longgang Avenue, Yuanshan Street, 4th Floor, Building 36, Shenzhen Universiade Software Town, Longgang District, Guangdong, Shenzhen, CHN, 518000

Website

https://www.intellif.com

Shenzhen Intellifusion Technologies Co Ltd with artificial intelligence algorithm and chip technology as the core, it provides customers with self-developed core products such as algorithm software and chips.

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