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Inner Mongolia OJing Science & Technology Co (SZSE:001269) Debt-to-Equity : 0.50 (As of Jun. 2024)


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What is Inner Mongolia OJing Science & Technology Co Debt-to-Equity?

Inner Mongolia OJing Science & Technology Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was ¥301 Mil. Inner Mongolia OJing Science & Technology Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was ¥421 Mil. Inner Mongolia OJing Science & Technology Co's Total Stockholders Equity for the quarter that ended in Jun. 2024 was ¥1,454 Mil. Inner Mongolia OJing Science & Technology Co's debt to equity for the quarter that ended in Jun. 2024 was 0.50.

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 Inner Mongolia OJing Science & Technology Co's Debt-to-Equity or its related term are showing as below:

SZSE:001269' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.08   Med: 0.15   Max: 0.5
Current: 0.5

During the past 9 years, the highest Debt-to-Equity Ratio of Inner Mongolia OJing Science & Technology Co was 0.50. The lowest was 0.08. And the median was 0.15.

SZSE:001269's Debt-to-Equity is ranked worse than
68.41% of 880 companies
in the Semiconductors industry
Industry Median: 0.26 vs SZSE:001269: 0.50

Inner Mongolia OJing Science & Technology Co Debt-to-Equity Historical Data

The historical data trend for Inner Mongolia OJing Science & 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.

Inner Mongolia OJing Science & Technology Co Debt-to-Equity Chart

Inner Mongolia OJing Science & Technology Co Annual Data
Trend Dec13 Dec14 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only 0.24 0.27 0.15 0.09 0.32

Inner Mongolia OJing Science & Technology Co Quarterly Data
Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
Debt-to-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.08 0.14 0.32 0.39 0.50

Competitive Comparison of Inner Mongolia OJing Science & Technology Co's Debt-to-Equity

For the Semiconductor Equipment & Materials subindustry, Inner Mongolia OJing Science & 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.


Inner Mongolia OJing Science & Technology Co's Debt-to-Equity Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Inner Mongolia OJing Science & Technology Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Inner Mongolia OJing Science & Technology Co's Debt-to-Equity falls into.



Inner Mongolia OJing Science & Technology Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Inner Mongolia OJing Science & Technology Co's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Inner Mongolia OJing Science & Technology Co's Debt to Equity Ratio for the quarter that ended in Jun. 2024 is calculated as

* 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.


Inner Mongolia OJing Science & Technology Co  (SZSE:001269) 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.


Inner Mongolia OJing Science & Technology Co Debt-to-Equity Related Terms

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Inner Mongolia OJing Science & Technology Co Business Description

Traded in Other Exchanges
N/A
Address
No. 31, Amur South Street, Inner Mongolia Autonomous Region, Saihan District, Hohhot, CHN, 010070
Inner Mongolia OJing Science & Technology Co Ltd is is mainly engaged in the research and development and production of quartz crucibles, the manufacture of quartz parts, the cleaning of silicon materials, and the online recycling and processing of silicon wafer cutting fluids. The company's products and services are widely used in the photovoltaic and semiconductor industries.

Inner Mongolia OJing Science & Technology Co Headlines

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