Shenzhen SEICHI Technologies Co (SHSE:688627) Debt-to-Equity : 0.01 (As of Mar. 2024)

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What is Shenzhen SEICHI Technologies Co Debt-to-Equity?

Shenzhen SEICHI Technologies Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥3.8 Mil. Shenzhen SEICHI Technologies Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥4.8 Mil. Shenzhen SEICHI Technologies Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥1,705.5 Mil. Shenzhen SEICHI Technologies Co'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 Shenzhen SEICHI Technologies Co's Debt-to-Equity or its related term are showing as below:

SHSE:688627' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.01 Max: 0.09
Current: 0.01

During the past 7 years, the highest Debt-to-Equity Ratio of Shenzhen SEICHI Technologies Co was 0.09. The lowest was 0.01. And the median was 0.01.

SHSE:688627's Debt-to-Equity is ranked better than
99.96% of 2632 companies
in the Industrial Products industry
Industry Median: 0.29 vs SHSE:688627: 0.01

Shenzhen SEICHI Technologies Co Debt-to-Equity Historical Data

The historical data trend for Shenzhen SEICHI 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.

Shenzhen SEICHI Technologies Co Debt-to-Equity Chart

Shenzhen SEICHI Technologies Co Annual Data

Trend

Dec13

Dec14

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

0.09

0.07

0.04

0.01

Shenzhen SEICHI Technologies Co Quarterly Data
	Dec13	Dec14	Dec19	Dec20	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial										0.01	0.01	0.01	0.01	0.01

Competitive Comparison of Shenzhen SEICHI Technologies Co's Debt-to-Equity

For the Specialty Industrial Machinery subindustry, Shenzhen SEICHI 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.

Shenzhen SEICHI Technologies Co's Debt-to-Equity Distribution in the Industrial Products Industry

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

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

Shenzhen SEICHI Technologies Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Shenzhen SEICHI 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
	=	(4.683	+	5.45)	/	1719.227
	=	0.01

Shenzhen SEICHI 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
	=	(3.837	+	4.751)	/	1705.543
	=	0.01

Shenzhen SEICHI Technologies Co (SHSE:688627) 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.

Shenzhen SEICHI Technologies Co Debt-to-Equity Related Terms

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Shenzhen SEICHI Technologies Co (SHSE:688627) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Shenzhen SEICHI Technologies Co Ltd (SHSE:688627) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Longhua Street, East of 1st Floor, Building D, 101 Industrial Park, No. 1 Fuanna Company, Qinghu Village, Longhua, Qinghu, Guangdong, Shenzhen, CHN, 518110

Website

http://www.seichitech.com

Shenzhen SEICHI Technologies Co Ltd is a provider of testing equipment and system solution. It is mainly engaged in research, development, production and sales of new display device testing equipment. Detection and calibration repair, and gradually extended to the field of semiconductor storage device testing equipment, related products are used in wafer testing, packaging testing and aging repair of semiconductor storage devices represented by DRAM.

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