ComNav Technology (SHSE:688592) Debt-to-Equity : 0.01 (As of Mar. 2024)

View and export this data going back to 2023. Start your Free Trial

What is ComNav Technology Debt-to-Equity?

ComNav Technology's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥8.7 Mil. ComNav Technology's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥5.7 Mil. ComNav Technology's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥1,017.0 Mil. ComNav Technology's debt to equity for the quarter that ended in Mar. 2024 was 0.01.

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

SHSE:688592' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.1 Max: 0.22
Current: 0.01

During the past 7 years, the highest Debt-to-Equity Ratio of ComNav Technology was 0.22. The lowest was 0.01. And the median was 0.10.

SHSE:688592's Debt-to-Equity is ranked better than
99.95% of 2193 companies
in the Hardware industry
Industry Median: 0.29 vs SHSE:688592: 0.01

ComNav Technology Debt-to-Equity Historical Data

The historical data trend for ComNav Technology'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.

ComNav Technology Debt-to-Equity Chart

ComNav Technology Annual Data

Trend

Dec13

Dec14

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

0.22

0.12

0.08

0.02

ComNav Technology Quarterly Data
	Dec13	Dec14	Mar15	Dec19	Dec20	Dec21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial									0.17	0.17	0.06	0.02	0.01

Competitive Comparison of ComNav Technology's Debt-to-Equity

For the Communication Equipment subindustry, ComNav Technology'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.

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

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

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

ComNav Technology Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

ComNav Technology'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
	=	(10.827	+	5.76)	/	1024.137
	=	0.02

ComNav Technology'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
	=	(8.702	+	5.655)	/	1016.973
	=	0.01

ComNav Technology (SHSE:688592) 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.

ComNav Technology Debt-to-Equity Related Terms

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

ComNav Technology (SHSE:688592) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » ComNav Technology Ltd (SHSE:688592) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

No. 618 Chengliu Middle Road, 3rd Floor, Building 2, Malu Town, Jiading District, Shanghai, CHN, 201801

Website

https://www.sinognss.com

ComNav Technology Ltd is engaged in the research and development of high-precision satellite navigation dedicated chips and differential positioning (RTK) technology.

ComNav Technology (SHSE:688592) Headlines

No Headlines