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ERA Co (SZSE:002641) Debt-to-Equity : 0.02 (As of Mar. 2024)


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What is ERA Co Debt-to-Equity?

ERA Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥88 Mil. ERA Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥36 Mil. ERA Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥5,359 Mil. ERA Co's debt to equity for the quarter that ended in Mar. 2024 was 0.02.

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

SZSE:002641' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01   Med: 0.12   Max: 0.24
Current: 0.02

During the past 13 years, the highest Debt-to-Equity Ratio of ERA Co was 0.24. The lowest was 0.01. And the median was 0.12.

SZSE:002641's Debt-to-Equity is ranked better than
95.59% of 1519 companies
in the Construction industry
Industry Median: 0.44 vs SZSE:002641: 0.02

ERA Co Debt-to-Equity Historical Data

The historical data trend for ERA 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.

ERA Co Debt-to-Equity Chart

ERA 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 0.03 0.01 0.02 0.02

ERA 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 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 0.03 0.03 0.01 0.02 0.02

Competitive Comparison of ERA Co's Debt-to-Equity

For the Building Products & Equipment subindustry, ERA 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.


ERA Co's Debt-to-Equity Distribution in the Construction Industry

For the Construction industry and Industrials sector, ERA Co's Debt-to-Equity distribution charts can be found below:

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



ERA Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

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

ERA Co's Debt to Equity Ratio for the quarter that ended in Mar. 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.


ERA Co  (SZSE:002641) 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.


ERA Co Debt-to-Equity Related Terms

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


ERA Co (SZSE:002641) Business Description

Traded in Other Exchanges
N/A
Address
No.2 Daixi Road, Economic Development Zone, Huangyan East, Zhejiang Province, Taizhou, CHN
ERA Co Ltd, formerly Yonggao Co Ltd manufacturers of plastic valves and fittings. Its products offer PP compression fittings and clamp saddles, CPVC valves, PVC pressure pipes and fittings and PVC pressure fittings, among others.
Executives
Zhang Wei Directors, executives
Lu Zhen Yu Director
Lu Cai Fen Director
Zhang Xian Kang Executives
Lin Ying Fu Executives
Wang Jie Jun Executives

ERA Co (SZSE:002641) Headlines

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