Suzhou Agioe Technologies Co (SHSE:688450) Debt-to-Equity : 0.10 (As of Mar. 2024)

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What is Suzhou Agioe Technologies Co Debt-to-Equity?

Suzhou Agioe Technologies Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥107.6 Mil. Suzhou Agioe Technologies Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥0.4 Mil. Suzhou Agioe Technologies Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥1,084.6 Mil. Suzhou Agioe Technologies Co's debt to equity for the quarter that ended in Mar. 2024 was 0.10.

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

SHSE:688450' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.09 Med: 0.24 Max: 0.48
Current: 0.1

During the past 5 years, the highest Debt-to-Equity Ratio of Suzhou Agioe Technologies Co was 0.48. The lowest was 0.09. And the median was 0.24.

SHSE:688450's Debt-to-Equity is ranked better than
74.39% of 2624 companies
in the Industrial Products industry
Industry Median: 0.28 vs SHSE:688450: 0.10

Suzhou Agioe Technologies Co Debt-to-Equity Historical Data

The historical data trend for Suzhou Agioe 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.

Suzhou Agioe Technologies Co Debt-to-Equity Chart

Suzhou Agioe Technologies Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

0.30

0.18

0.12

0.30

0.09

Suzhou Agioe Technologies Co Quarterly Data
	Dec19	Dec20	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial								0.41	0.48	0.12	0.09	0.10

Competitive Comparison of Suzhou Agioe Technologies Co's Debt-to-Equity

For the Specialty Industrial Machinery subindustry, Suzhou Agioe 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.

Suzhou Agioe Technologies Co's Debt-to-Equity Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Suzhou Agioe Technologies Co's Debt-to-Equity distribution charts can be found below:

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

Suzhou Agioe Technologies Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Suzhou Agioe 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
	=	(92.298	+	0.728)	/	1096.312
	=	0.08

Suzhou Agioe 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
	=	(107.599	+	0.366)	/	1084.586
	=	0.10

Suzhou Agioe Technologies Co (SHSE:688450) 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.

Suzhou Agioe Technologies Co Debt-to-Equity Related Terms

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Suzhou Agioe Technologies Co (SHSE:688450) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Suzhou Agioe Technologies Co Ltd (SHSE:688450) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 270 Dongping Street, 3C, 3D, Aoyang Shunchang Building, Suzhou Industrial Park, Jiangsu, Suzhou, CHN, 215123

Website

http://www.agioe.com

Suzhou Agioe Technologies Co Ltd is a high-tech enterprise focusing on the research, development, production and sales of a new generation of optical fiber sensing network and asset digital operation and maintenance management system. The company has formed a series of products such as power facility asset monitoring operation and maintenance management system, submarine cable asset monitoring operation and maintenance management system, and integrated pipeline asset monitoring operation and maintenance management system, which are widely used in power grids, offshore wind power, integrated pipelines, petroleum and petrochemical and other important areas of the national economy.

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