Lingyi Itech (Guangdong) Co (SZSE:002600) Debt-to-Equity : 0.49 (As of Mar. 2024)

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What is Lingyi Itech (Guangdong) Co Debt-to-Equity?

Lingyi Itech (Guangdong) Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥3,023 Mil. Lingyi Itech (Guangdong) Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥6,102 Mil. Lingyi Itech (Guangdong) Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥18,701 Mil. Lingyi Itech (Guangdong) Co's debt to equity for the quarter that ended in Mar. 2024 was 0.49.

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 Lingyi Itech (Guangdong) Co's Debt-to-Equity or its related term are showing as below:

SZSE:002600' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.29 Med: 0.49 Max: 0.74
Current: 0.49

During the past 13 years, the highest Debt-to-Equity Ratio of Lingyi Itech (Guangdong) Co was 0.74. The lowest was 0.29. And the median was 0.49.

SZSE:002600's Debt-to-Equity is ranked worse than
66.64% of 2191 companies
in the Hardware industry
Industry Median: 0.29 vs SZSE:002600: 0.49

Lingyi Itech (Guangdong) Co Debt-to-Equity Historical Data

The historical data trend for Lingyi Itech (Guangdong) 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.

Lingyi Itech (Guangdong) Co Debt-to-Equity Chart

Lingyi Itech (Guangdong) Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.52

0.43

0.60

0.53

0.45

Lingyi Itech (Guangdong) 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															0.51	0.50	0.53	0.45	0.49

Competitive Comparison of Lingyi Itech (Guangdong) Co's Debt-to-Equity

For the Electronic Components subindustry, Lingyi Itech (Guangdong) 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.

Lingyi Itech (Guangdong) Co's Debt-to-Equity Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Lingyi Itech (Guangdong) Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Lingyi Itech (Guangdong) Co's Debt-to-Equity falls into.

Lingyi Itech (Guangdong) Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Lingyi Itech (Guangdong) 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
	=	(3659.465	+	4473.816)	/	18250.835
	=	0.45

Lingyi Itech (Guangdong) 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
	=	(3023.424	+	6101.532)	/	18701.296
	=	0.49

Lingyi Itech (Guangdong) Co (SZSE:002600) 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.

Lingyi Itech (Guangdong) Co Debt-to-Equity Related Terms

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

Lingyi Itech (Guangdong) Co (SZSE:002600) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Lingyi Itech (Guangdong) Co Ltd (SZSE:002600) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 8, Longwan Road, GuangDong Province, Jiangmen, CHN, 529000

Website

http://www.lingyiitech.com

Lingyi Itech (Guangdong) Co Ltd is a Chinese company that manufactures magnetic materials, precision components and modules, precision structural parts, liquid crystal display modules, capacitive touch screens, wire and cable, motors, trade logistics, and supply chain finance. Its products are used in consumer electronics, automotive control, smart security, smart wear, smart home, new materials, new energy vehicles and other fields.

Executives

Liu Jian Feng	Supervisors
Fan Wei	Supervisors
Tan Jun	Director
Li Xue Hua	Supervisors
Li Xiao Qing	Executives
Cheng Xin	Independent director
Chen Guo Shi	Director
Cao Yun	Director
Liu Ji Wen	Supervisors
Li Zhong Xuan	Independent director
Wang Yan	Executives
Wang Nan Dong	Directors, executives
Zhou Zhan Feng	Directors, Directors, and Executives
Liu Gang	Directors, executives
Wu Jie	Directors, executives

Lingyi Itech (Guangdong) Co (SZSE:002600) Headlines

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