Shenzhen UTIMES Intelligent Equipment Co (SHSE:688638) Debt-to-Equity : 0.14 (As of Mar. 2024)

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What is Shenzhen UTIMES Intelligent Equipment Co Debt-to-Equity?

Shenzhen UTIMES Intelligent Equipment Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥145 Mil. Shenzhen UTIMES Intelligent Equipment Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥5 Mil. Shenzhen UTIMES Intelligent Equipment Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥1,102 Mil. Shenzhen UTIMES Intelligent Equipment Co's debt to equity for the quarter that ended in Mar. 2024 was 0.14.

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 UTIMES Intelligent Equipment Co's Debt-to-Equity or its related term are showing as below:

SHSE:688638' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.07 Med: 0.13 Max: 0.23
Current: 0.14

During the past 5 years, the highest Debt-to-Equity Ratio of Shenzhen UTIMES Intelligent Equipment Co was 0.23. The lowest was 0.07. And the median was 0.13.

SHSE:688638's Debt-to-Equity is ranked better than
68.36% of 2623 companies
in the Industrial Products industry
Industry Median: 0.28 vs SHSE:688638: 0.14

Shenzhen UTIMES Intelligent Equipment Co Debt-to-Equity Historical Data

The historical data trend for Shenzhen UTIMES Intelligent Equipment 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 UTIMES Intelligent Equipment Co Debt-to-Equity Chart

Shenzhen UTIMES Intelligent Equipment Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

0.15

0.07

0.23

0.10

0.11

Shenzhen UTIMES Intelligent Equipment 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								0.10	0.14	0.07	0.11	0.14

Competitive Comparison of Shenzhen UTIMES Intelligent Equipment Co's Debt-to-Equity

For the Specialty Industrial Machinery subindustry, Shenzhen UTIMES Intelligent Equipment 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 UTIMES Intelligent Equipment Co's Debt-to-Equity Distribution in the Industrial Products Industry

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

* The bar in red indicates where Shenzhen UTIMES Intelligent Equipment Co's Debt-to-Equity falls into.

Shenzhen UTIMES Intelligent Equipment Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Shenzhen UTIMES Intelligent Equipment 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
	=	(121.33	+	6.484)	/	1118.881
	=	0.11

Shenzhen UTIMES Intelligent Equipment 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
	=	(144.541	+	5.44)	/	1101.921
	=	0.14

Shenzhen UTIMES Intelligent Equipment Co (SHSE:688638) 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 UTIMES Intelligent Equipment Co Debt-to-Equity Related Terms

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Shenzhen UTIMES Intelligent Equipment Co (SHSE:688638) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Shenzhen UTIMES Intelligent Equipment Co Ltd (SHSE:688638) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Shajing Street, Xinhe Avenue, Floor 1-6, Building M, Licheng Science and Technology Industrial Park, Gonghe Community, Baoan, Guangdong, Shenzhen, CHN, 518000

Website

http://www.utimes.cn

Shenzhen UTIMES Intelligent Equipment Co Ltd is engaged in research & development, production and sales of non-standard automated intelligent assembly equipment and testing equipment. The company's main products are lithium-ion battery intelligent equipment and consumer electronics intelligent manufacturing equipment, which can be widely used in the intelligent production and manufacturing of products in multiple fields such as new energy, automotive electronics, and consumer electronics.

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