Hefei Snowky Electric Co (SZSE:001387) Debt-to-Equity : 0.01 (As of Mar. 2024)

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What is Hefei Snowky Electric Co Debt-to-Equity?

Hefei Snowky Electric Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥5 Mil. Hefei Snowky Electric Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥3 Mil. Hefei Snowky Electric Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥1,187 Mil. Hefei Snowky Electric 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 Hefei Snowky Electric Co's Debt-to-Equity or its related term are showing as below:

SZSE:001387' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.04 Max: 0.8
Current: 0.01

During the past 5 years, the highest Debt-to-Equity Ratio of Hefei Snowky Electric Co was 0.80. The lowest was 0.01. And the median was 0.04.

SZSE:001387's Debt-to-Equity is ranked better than
99.74% of 380 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 0.32 vs SZSE:001387: 0.01

Hefei Snowky Electric Co Debt-to-Equity Historical Data

The historical data trend for Hefei Snowky Electric 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.

Hefei Snowky Electric Co Debt-to-Equity Chart

Hefei Snowky Electric Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

0.80

0.57

0.12

0.03

0.02

Hefei Snowky Electric Co Quarterly Data
	Dec19	Dec20	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial							-	0.05	0.02	0.02	0.01

Competitive Comparison of Hefei Snowky Electric Co's Debt-to-Equity

For the Furnishings, Fixtures & Appliances subindustry, Hefei Snowky Electric 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.

Hefei Snowky Electric Co's Debt-to-Equity Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Hefei Snowky Electric Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Hefei Snowky Electric Co's Debt-to-Equity falls into.

Hefei Snowky Electric Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Hefei Snowky Electric 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
	=	(12.957	+	2.928)	/	711.388
	=	0.02

Hefei Snowky Electric 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
	=	(5.382	+	3.331)	/	1186.675
	=	0.01

Hefei Snowky Electric Co (SZSE:001387) 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.

Hefei Snowky Electric Co Debt-to-Equity Related Terms

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Hefei Snowky Electric Co (SZSE:001387) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Hefei Snowky Electric Co Ltd (SZSE:001387) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

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Address

Website

Hefei Snowky Electric Co Ltd is mainly engaged in the research and development, production, and sales of refrigerators and commercial display cabinets, providing domestic and foreign brands with large refrigerators and commercial display cabinets with a volume of more than 400L and other products. Its products include Hand over door, Four doors, Three doors and French door refrigerators.

Hefei Snowky Electric Co (SZSE:001387) Headlines

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