Hangzhou Raycloud Technology Co (SHSE:688365) Debt-to-Equity : 0.18 (As of Sep. 2024)

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What is Hangzhou Raycloud Technology Co Debt-to-Equity?

Hangzhou Raycloud Technology Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was ¥151.8 Mil. Hangzhou Raycloud Technology Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was ¥21.6 Mil. Hangzhou Raycloud Technology Co's Total Stockholders Equity for the quarter that ended in Sep. 2024 was ¥973.2 Mil. Hangzhou Raycloud Technology Co's debt to equity for the quarter that ended in Sep. 2024 was 0.18.

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

SHSE:688365' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.09 Max: 0.19
Current: 0.18

During the past 8 years, the highest Debt-to-Equity Ratio of Hangzhou Raycloud Technology Co was 0.19. The lowest was 0.01. And the median was 0.09.

SHSE:688365's Debt-to-Equity is ranked better than
53.43% of 2201 companies
in the Software industry
Industry Median: 0.2 vs SHSE:688365: 0.18

Hangzhou Raycloud Technology Co Debt-to-Equity Historical Data

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

Hangzhou Raycloud Technology Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.02

0.08

0.16

0.15

Hangzhou Raycloud Technology Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Debt-to-Equity	Get a 7-Day Free Trial															0.19	0.15	0.17	0.19	0.18

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

For the Software - Application subindustry, Hangzhou Raycloud 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 Raycloud Technology Co's Debt-to-Equity Distribution in the Software Industry

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

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

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Hangzhou Raycloud Technology Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Hangzhou Raycloud 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
	=	(117.879	+	36.337)	/	1023.236
	=	0.15

Hangzhou Raycloud Technology Co's Debt to Equity Ratio for the quarter that ended in Sep. 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
	=	(151.84	+	21.622)	/	973.174
	=	0.18

Hangzhou Raycloud Technology Co (SHSE:688365) 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 Raycloud Technology Co Debt-to-Equity Related Terms

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

Hangzhou Raycloud Technology Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Hangzhou Raycloud Technology Co Ltd (SHSE:688365) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

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Address

No.588 Jiangnan Avenue, 11th Floor, Main Building, Hengxin Building, Binjiang District, Zhejiang Province, Hangzhou, CHN, 310052

Website

http://www.raycloud.com

Hangzhou Raycloud Technology Co Ltd is an e-commerce software and service technology company. It provides value-added products and services such as SaaS products, supporting hardware, operating services, and CRM SMS for e-commerce merchants based on e-commerce platforms. Its products and services include super manager, courier assistant, wangdian transaction, wangdian data, merchandise, prosperous store promotion, super store manager-cross-border edition, super express, super commodity, super deal and seller network.

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