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Zhongyeda Electric Co (SZSE:002441) Debt-to-Equity : 0.00 (As of Jun. 2024)


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What is Zhongyeda Electric Co Debt-to-Equity?

Zhongyeda Electric Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was ¥14 Mil. Zhongyeda Electric Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was ¥2 Mil. Zhongyeda Electric Co's Total Stockholders Equity for the quarter that ended in Jun. 2024 was ¥4,526 Mil. Zhongyeda Electric Co's debt to equity for the quarter that ended in Jun. 2024 was 0.00.

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 Zhongyeda Electric Co's Debt-to-Equity or its related term are showing as below:

During the past 13 years, the highest Debt-to-Equity Ratio of Zhongyeda Electric Co was 0.31. The lowest was 0.00. And the median was 0.04.

SZSE:002441's Debt-to-Equity is not ranked *
in the Industrial Products industry.
Industry Median: 0.29
* Ranked among companies with meaningful Debt-to-Equity only.

Zhongyeda Electric Co Debt-to-Equity Historical Data

The historical data trend for Zhongyeda 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.

Zhongyeda Electric Co Debt-to-Equity Chart

Zhongyeda Electric Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.03 - 0.01 - 0.01

Zhongyeda Electric Co Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 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 - 0.01 0.01 - -

Competitive Comparison of Zhongyeda Electric Co's Debt-to-Equity

For the Specialty Industrial Machinery subindustry, Zhongyeda 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.


Zhongyeda Electric Co's Debt-to-Equity Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Zhongyeda Electric Co's Debt-to-Equity distribution charts can be found below:

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



Zhongyeda Electric Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Zhongyeda Electric Co's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Zhongyeda Electric 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.


Zhongyeda Electric Co  (SZSE:002441) 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.


Zhongyeda Electric Co Debt-to-Equity Related Terms

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


Zhongyeda Electric Co Business Description

Traded in Other Exchanges
N/A
Address
No.62, Hengshan Road, Longhu District, Guangdong Province, Shantou, CHN, 515041
Zhongyeda Electric Co Ltd is a distributor of industrial electrical products. The company's main business is the distribution of industrial electrical component products of contracted suppliers through its own sales network, as well as the production and sales of system integration products and complete manufacturing products. Its products include low-voltage electrical products, medium voltage electrical products, industrial control products and others.
Executives
Yang Song Directors, executives
Wang Bao Yu Directors, executives
Lin Jing Supervisors
Chen Dai Ai Supervisors
Li Xiao Yong Director
Wu Kai Xian Directors, executives
Zhang Ying Supervisors
Ke Ni Xiang Executives
Wang Zong Cheng Director
Wang Pei Qing Executives

Zhongyeda Electric Co Headlines

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