Yuneng Technology Co (SHSE:688348) Debt-to-Equity : 0.16 (As of Mar. 2024)

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What is Yuneng Technology Co Debt-to-Equity?

Yuneng Technology Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥586 Mil. Yuneng Technology Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥6 Mil. Yuneng Technology Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥3,671 Mil. Yuneng Technology Co's debt to equity for the quarter that ended in Mar. 2024 was 0.16.

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

SHSE:688348' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.19 Max: 5.29
Current: 0.16

During the past 6 years, the highest Debt-to-Equity Ratio of Yuneng Technology Co was 5.29. The lowest was 0.00. And the median was 0.19.

SHSE:688348's Debt-to-Equity is ranked better than
65.34% of 2193 companies
in the Hardware industry
Industry Median: 0.29 vs SHSE:688348: 0.16

Yuneng Technology Co Debt-to-Equity Historical Data

The historical data trend for Yuneng 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.

Yuneng Technology Co Debt-to-Equity Chart

Yuneng Technology Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

0.83

0.16

0.02

0.19

Yuneng Technology Co Quarterly Data
	Dec18	Dec19	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial											0.12	0.27	0.30	0.19	0.16

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

For the Communication Equipment subindustry, Yuneng 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.

Yuneng Technology Co's Debt-to-Equity Distribution in the Hardware Industry

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

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

Yuneng Technology Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Yuneng 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
	=	(711.135	+	3.682)	/	3677.05
	=	0.19

Yuneng 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
	=	(586.172	+	6.152)	/	3670.881
	=	0.16

Yuneng Technology Co (SHSE:688348) 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.

Yuneng Technology Co Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Yuneng Technology Co's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Yuneng Technology Co (SHSE:688348) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Yuneng Technology Co Ltd (SHSE:688348) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

No. 1, Yatai Road, 3rd Floor, Building 1, Jiaxing Science and Technology City, Nanhu District, Zhejiang Province, Jiaxing, CHN, 314006

Website

http://www.apsystems.cn

Yuneng Technology Co Ltd is engaged in the research and development, production and sales of component-level power electronic equipment in distributed photovoltaic power generation systems.

Executives

	Director
	Director

Yuneng Technology Co (SHSE:688348) Headlines

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