Guangdong Senssun Weighing Apparatus Group (SZSE:002870) Debt-to-Equity : 1.96 (As of Mar. 2024)

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What is Guangdong Senssun Weighing Apparatus Group Debt-to-Equity?

Guangdong Senssun Weighing Apparatus Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥1,899 Mil. Guangdong Senssun Weighing Apparatus Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥1,152 Mil. Guangdong Senssun Weighing Apparatus Group's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥1,561 Mil. Guangdong Senssun Weighing Apparatus Group's debt to equity for the quarter that ended in Mar. 2024 was 1.96.

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 Guangdong Senssun Weighing Apparatus Group's Debt-to-Equity or its related term are showing as below:

SZSE:002870' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.03 Med: 1.28 Max: 2.11
Current: 1.96

During the past 12 years, the highest Debt-to-Equity Ratio of Guangdong Senssun Weighing Apparatus Group was 2.11. The lowest was 0.03. And the median was 1.28.

SZSE:002870's Debt-to-Equity is ranked worse than
95.76% of 2191 companies
in the Hardware industry
Industry Median: 0.29 vs SZSE:002870: 1.96

Guangdong Senssun Weighing Apparatus Group Debt-to-Equity Historical Data

The historical data trend for Guangdong Senssun Weighing Apparatus Group'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.

Guangdong Senssun Weighing Apparatus Group Debt-to-Equity Chart

Guangdong Senssun Weighing Apparatus Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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1.98

2.07

1.28

1.73

Guangdong Senssun Weighing Apparatus Group 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															1.35	1.60	1.86	1.73	1.96

Competitive Comparison of Guangdong Senssun Weighing Apparatus Group's Debt-to-Equity

For the Scientific & Technical Instruments subindustry, Guangdong Senssun Weighing Apparatus Group'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.

Guangdong Senssun Weighing Apparatus Group's Debt-to-Equity Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Guangdong Senssun Weighing Apparatus Group's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Guangdong Senssun Weighing Apparatus Group's Debt-to-Equity falls into.

Guangdong Senssun Weighing Apparatus Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Guangdong Senssun Weighing Apparatus Group'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
	=	(1700.366	+	927.021)	/	1516.855
	=	1.73

Guangdong Senssun Weighing Apparatus Group'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
	=	(1899.265	+	1152.381)	/	1560.537
	=	1.96

Guangdong Senssun Weighing Apparatus Group (SZSE:002870) 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.

Guangdong Senssun Weighing Apparatus Group Debt-to-Equity Related Terms

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Guangdong Senssun Weighing Apparatus Group (SZSE:002870) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Guangdong Senssun Weighing Apparatus Group Ltd (SZSE:002870) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

East of Qiwan Road,, Baishawan Industrial Park, East District, Guangdong Province, Zhongshan, CHN, 528403

Website

http://www.senssun.com

Guangdong Senssun Weighing Apparatus Group Ltd is mainly engaged in the research and development, production and sales of household health (home scale) products, commercial weighing (commercial weighing) products and intelligent measuring products. It focuses on product that includes human scales, fat scales, kitchen scales, pocket scales, luggage scales and other smart household scales; Safety traceability scales, bar code scales, electronic price scales, electronic platform scales and other intelligent commercial scales.

Executives

Zhao Yu Kun	Director
Liu Huan Guang	Directors, executives

Guangdong Senssun Weighing Apparatus Group (SZSE:002870) Headlines

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