Edifier Technology Co (SZSE:002351) Debt-to-Equity : 0.01 (As of Mar. 2024)

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What is Edifier Technology Co Debt-to-Equity?

Edifier Technology Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥6 Mil. Edifier Technology Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥9 Mil. Edifier Technology Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥2,646 Mil. Edifier 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 Edifier Technology Co's Debt-to-Equity or its related term are showing as below:

SZSE:002351' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.01 Max: 0.01
Current: 0.01

During the past 13 years, the highest Debt-to-Equity Ratio of Edifier Technology Co was 0.01. The lowest was 0.00. And the median was 0.01.

SZSE:002351's Debt-to-Equity is ranked better than
99.95% of 2198 companies
in the Hardware industry
Industry Median: 0.28 vs SZSE:002351: 0.01

Edifier Technology Co Debt-to-Equity Historical Data

The historical data trend for Edifier 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.

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Edifier Technology Co Debt-to-Equity Chart

Edifier Technology Co Annual Data

Trend

Dec14

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Dec16

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Dec19

Dec20

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Dec22

Dec23

Debt-to-Equity

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0.01

Edifier Technology 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															0.01	0.01	0.01	0.01	0.01

Competitive Comparison of Edifier Technology Co's Debt-to-Equity

For the Consumer Electronics subindustry, Edifier 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.

Edifier Technology Co's Debt-to-Equity Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Edifier Technology Co's Debt-to-Equity distribution charts can be found below:

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

Edifier Technology Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Edifier 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
	=	(5.376	+	7.882)	/	2541.801
	=	0.01

Edifier 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
	=	(5.831	+	9.234)	/	2646.255
	=	0.01

Edifier Technology Co (SZSE:002351) 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.

Edifier Technology Co Debt-to-Equity Related Terms

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

Edifier Technology Co (SZSE:002351) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Edifier Technology Co Ltd (SZSE:002351) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

No.9998 Shennan Road, Unit 9, 22nd Floor, Wanlida Technology Building, Science and Technology Park, Nanshan District, Guangdong, Shenzhen, CHN, 518057

Website

http://www.edifier.com

Edifier Technology Co Ltd, a Chinese company, is principally engaged in the research and development of audio technology and its product applications. The company's core business products are professional multimedia audio and home audio equipment. It offers headphones, bookshelf speakers, computer speakers, TV and Home theater, sound bar, and other products. It sells its products in China and other countries.

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