Jiangsu Hagong Intelligent Robot Co (SZSE:000584) Debt-to-Equity : 0.57 (As of Mar. 2024)

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What is Jiangsu Hagong Intelligent Robot Co Debt-to-Equity?

Jiangsu Hagong Intelligent Robot Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥102 Mil. Jiangsu Hagong Intelligent Robot Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥207 Mil. Jiangsu Hagong Intelligent Robot Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥546 Mil. Jiangsu Hagong Intelligent Robot Co's debt to equity for the quarter that ended in Mar. 2024 was 0.57.

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 Jiangsu Hagong Intelligent Robot Co's Debt-to-Equity or its related term are showing as below:

SZSE:000584' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.03 Med: 0.24 Max: 0.67
Current: 0.57

During the past 13 years, the highest Debt-to-Equity Ratio of Jiangsu Hagong Intelligent Robot Co was 0.67. The lowest was 0.03. And the median was 0.24.

SZSE:000584's Debt-to-Equity is ranked worse than
70.68% of 2623 companies
in the Industrial Products industry
Industry Median: 0.28 vs SZSE:000584: 0.57

Jiangsu Hagong Intelligent Robot Co Debt-to-Equity Historical Data

The historical data trend for Jiangsu Hagong Intelligent Robot 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.

Jiangsu Hagong Intelligent Robot Co Debt-to-Equity Chart

Jiangsu Hagong Intelligent Robot Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.33

0.31

0.40

0.59

0.67

Jiangsu Hagong Intelligent Robot Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															0.50	0.50	0.44	0.67	0.57

Competitive Comparison of Jiangsu Hagong Intelligent Robot Co's Debt-to-Equity

For the Specialty Industrial Machinery subindustry, Jiangsu Hagong Intelligent Robot 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.

Jiangsu Hagong Intelligent Robot Co's Debt-to-Equity Distribution in the Industrial Products Industry

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

* The bar in red indicates where Jiangsu Hagong Intelligent Robot Co's Debt-to-Equity falls into.

Jiangsu Hagong Intelligent Robot Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Jiangsu Hagong Intelligent Robot 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
	=	(154.007	+	207.794)	/	543.068
	=	0.67

Jiangsu Hagong Intelligent Robot 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
	=	(101.599	+	207.354)	/	546.166
	=	0.57

Jiangsu Hagong Intelligent Robot Co (SZSE:000584) 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.

Jiangsu Hagong Intelligent Robot Co Debt-to-Equity Related Terms

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Jiangsu Hagong Intelligent Robot Co (SZSE:000584) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Jiangsu Hagong Intelligent Robot Co Ltd (SZSE:000584) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1799 Wuzhong Road, No. 808, 8th Floor, Block D, The Mixc, Minhang District, Shanghai, CHN

Website

http://www.hgzngroup.com

Jiangsu Hagong Intelligent Robot Co Ltd is a company with high-end intelligent manufacturing and industrial robots as its main business and artificial intelligence as its research direction. It includes three sections namely high-end intelligent equipment manufacturing, one-stop cloud service platform of industrial robots and artificial intelligence robots.

Executives

Wang Da Yong	Executives
Ma Pei Lin	Director
Pan Su Ming	Directors, Directors, and Executives
Hong Fu Sheng	Director

Jiangsu Hagong Intelligent Robot Co (SZSE:000584) Headlines

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