Sichuan Tianwei Electronic Co (SHSE:688511) Debt-to-Equity : 0.00 (As of Sep. 2024)

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What is Sichuan Tianwei Electronic Co Debt-to-Equity?

Sichuan Tianwei Electronic Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was ¥0.0 Mil. Sichuan Tianwei Electronic Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was ¥0.0 Mil. Sichuan Tianwei Electronic Co's Total Stockholders Equity for the quarter that ended in Sep. 2024 was ¥845.1 Mil. Sichuan Tianwei Electronic Co's debt to equity for the quarter that ended in Sep. 2024 was 0.00.

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 Sichuan Tianwei Electronic Co's Debt-to-Equity or its related term are showing as below:

During the past 7 years, the highest Debt-to-Equity Ratio of Sichuan Tianwei Electronic Co was 0.51. The lowest was 0.04. And the median was 0.16.

SHSE:688511's Debt-to-Equity is not ranked ^*
in the Aerospace & Defense industry.
Industry Median: 0.36
* Ranked among companies with meaningful Debt-to-Equity only.

Sichuan Tianwei Electronic Co Debt-to-Equity Historical Data

The historical data trend for Sichuan Tianwei Electronic 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.

Sichuan Tianwei Electronic Co Debt-to-Equity Chart

Sichuan Tianwei Electronic Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.22

0.18

0.04

Sichuan Tianwei Electronic 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															-	-	-	-	-

Competitive Comparison of Sichuan Tianwei Electronic Co's Debt-to-Equity

For the Aerospace & Defense subindustry, Sichuan Tianwei Electronic 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.

Sichuan Tianwei Electronic Co's Debt-to-Equity Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Sichuan Tianwei Electronic Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Sichuan Tianwei Electronic Co's Debt-to-Equity falls into.

Sichuan Tianwei Electronic Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Sichuan Tianwei Electronic 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
	=	(0	+	0)	/	851.87
	=	0.00

Sichuan Tianwei Electronic 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
	=	(0	+	0)	/	845.127
	=	0.00

Sichuan Tianwei Electronic Co (SHSE:688511) 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.

Sichuan Tianwei Electronic Co Debt-to-Equity Related Terms

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Sichuan Tianwei Electronic Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Sichuan Tianwei Electronic Co Ltd (SHSE:688511) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 233, Wulian 1st Road, Gongxing Street, China (Sichuan) Pilot Free Trade Zone, Shuangliu District, Chengdu, CHN, 610200

Website

http://www.sctwdz.cn

Sichuan Tianwei Electronic Co Ltd is a military scientific research and production company engaged in the research and development, production and sales of high-speed automatic fire suppression and explosion suppression systems, high-energy aviation ignition discharge devices, and high-precision fuse devices. The company's products are widely used in weapons, aviation, aerospace, shipbuilding, electronics and other fields such as in coal mines, energy, electric power, dust industries, and public Civil areas such as transportation.

Executives

Ju Wan Li	Director
Chen Jian	Directors, senior managers, core technical personnel
Chen Cong Yu	Directors, senior managers
Yang De Zhi	Core technical personnel
Hou Guang Li	senior management
Yang Qin Qin	senior management
Zhang Chao	Directors, senior managers, core technical personnel
Liu Bin	Core technical personnel
Luo Yuan Lin	Core technical personnel
Ma Yi	Director
Yang Hai Yan	Core technical personnel

Sichuan Tianwei Electronic Co Headlines

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