China Post Technology Co (SHSE:688648) Debt-to-Equity : 0.01 (As of Mar. 2024)

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

What is China Post Technology Co Debt-to-Equity?

China Post Technology Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥6 Mil. China Post Technology Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥13 Mil. China Post Technology Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥1,707 Mil. China Post Technology 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 China Post Technology Co's Debt-to-Equity or its related term are showing as below:

SHSE:688648' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.08 Max: 0.41
Current: 0.01

During the past 5 years, the highest Debt-to-Equity Ratio of China Post Technology Co was 0.41. The lowest was 0.01. And the median was 0.08.

SHSE:688648's Debt-to-Equity is ranked better than
99.96% of 2613 companies
in the Industrial Products industry
Industry Median: 0.28 vs SHSE:688648: 0.01

China Post Technology Co Debt-to-Equity Historical Data

The historical data trend for China Post Technology 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.

China Post Technology Co Debt-to-Equity Chart

China Post Technology Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

0.41

0.16

0.03

0.09

0.01

China Post Technology Co Quarterly Data
	Dec19	Dec20	Dec21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial						N/A	0.08	0.08	0.01	0.01

Competitive Comparison of China Post Technology Co's Debt-to-Equity

For the Specialty Industrial Machinery subindustry, China Post Technology 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.

China Post Technology Co's Debt-to-Equity Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, China Post Technology Co's Debt-to-Equity distribution charts can be found below:

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

China Post Technology Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

China Post Technology 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
	=	(5.449	+	14.157)	/	1725.707
	=	0.01

China Post Technology 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
	=	(5.731	+	12.877)	/	1706.827
	=	0.01

China Post Technology Co (SHSE:688648) 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.

China Post Technology Co Debt-to-Equity Related Terms

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

China Post Technology Co (SHSE:688648) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » China Post Technology Co Ltd (SHSE:688648) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 3185, Zhongshan North Road, Putuo, Shanghai, CHN, 200062

Website

https://www.cpte.com

China Post Technology Co Ltd is engaged in the Research and development, design, production, and sales of intelligent logistics systems, as well as the transformation, design, and sales of intelligent special vehicles.

China Post Technology Co (SHSE:688648) Headlines

No Headlines