Greatoo Intelligent Equipment (SZSE:002031) Debt-to-Equity : 0.52 (As of Mar. 2024)

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What is Greatoo Intelligent Equipment Debt-to-Equity?

Greatoo Intelligent Equipment's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥889.8 Mil. Greatoo Intelligent Equipment's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥366.0 Mil. Greatoo Intelligent Equipment's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥2,415.0 Mil. Greatoo Intelligent Equipment's debt to equity for the quarter that ended in Mar. 2024 was 0.52.

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

SZSE:002031' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.16 Med: 0.52 Max: 1
Current: 0.52

During the past 13 years, the highest Debt-to-Equity Ratio of Greatoo Intelligent Equipment was 1.00. The lowest was 0.16. And the median was 0.52.

SZSE:002031's Debt-to-Equity is ranked worse than
53.36% of 1177 companies
in the Vehicles & Parts industry
Industry Median: 0.48 vs SZSE:002031: 0.52

Greatoo Intelligent Equipment Debt-to-Equity Historical Data

The historical data trend for Greatoo Intelligent Equipment'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.

Greatoo Intelligent Equipment Debt-to-Equity Chart

Greatoo Intelligent Equipment Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.40

0.63

0.58

0.54

0.50

Greatoo Intelligent Equipment 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															0.53	0.47	0.47	0.50	0.52

Competitive Comparison of Greatoo Intelligent Equipment's Debt-to-Equity

For the Auto Parts subindustry, Greatoo Intelligent Equipment'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.

Greatoo Intelligent Equipment's Debt-to-Equity Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Greatoo Intelligent Equipment's Debt-to-Equity distribution charts can be found below:

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

Greatoo Intelligent Equipment Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Greatoo Intelligent Equipment'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
	=	(821.765	+	399.5)	/	2429.956
	=	0.50

Greatoo Intelligent Equipment'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
	=	(889.83	+	365.975)	/	2415.025
	=	0.52

Greatoo Intelligent Equipment (SZSE:002031) 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.

Greatoo Intelligent Equipment Debt-to-Equity Related Terms

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Greatoo Intelligent Equipment (SZSE:002031) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Greatoo Intelligent Equipment Inc (SZSE:002031) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jiedong Economic Development Zone, Jiedong, Guangdong, CHN, 515500

Website

http://www.greatoo.com

Greatoo Intelligent Equipment Inc primarily researches, invents and produces radial tire molds. It develops tire molds, hydraulic curing presses, precision machine tools and industrial robots, with main products like radial segmented molds and two-piece mold, giant industrial segmented tire molds, hydraulic curing presses of various types, light and heavy industrial robots and precision machine tools. Geographically, the company's products are sold in many countries and religions such as America, Europe, Southeast Asia and South America.

Greatoo Intelligent Equipment (SZSE:002031) Headlines

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