Qingdao Weflo Valve Co (SZSE:002871) Debt-to-Equity : 0.00 (As of Mar. 2024)

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What is Qingdao Weflo Valve Co Debt-to-Equity?

Qingdao Weflo Valve Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥0.0 Mil. Qingdao Weflo Valve Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥0.0 Mil. Qingdao Weflo Valve Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥782.0 Mil. Qingdao Weflo Valve Co's debt to equity for the quarter that ended in Mar. 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 Qingdao Weflo Valve Co's Debt-to-Equity or its related term are showing as below:

SZSE:002871' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.02 Med: 0.04 Max: 0.08
Current: 0.03

During the past 12 years, the highest Debt-to-Equity Ratio of Qingdao Weflo Valve Co was 0.08. The lowest was 0.02. And the median was 0.04.

SZSE:002871's Debt-to-Equity is ranked better than
90.01% of 2623 companies
in the Industrial Products industry
Industry Median: 0.28 vs SZSE:002871: 0.03

Qingdao Weflo Valve Co Debt-to-Equity Historical Data

The historical data trend for Qingdao Weflo Valve 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.

Qingdao Weflo Valve Co Debt-to-Equity Chart

Qingdao Weflo Valve Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.08

0.05

0.04

Qingdao Weflo Valve 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															0.04	0.03	-	-	-

Competitive Comparison of Qingdao Weflo Valve Co's Debt-to-Equity

For the Specialty Industrial Machinery subindustry, Qingdao Weflo Valve 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.

Qingdao Weflo Valve Co's Debt-to-Equity Distribution in the Industrial Products Industry

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

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

Qingdao Weflo Valve Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Qingdao Weflo Valve 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
	=	(0	+	0)	/	791.341
	=	0.00

Qingdao Weflo Valve 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
	=	(0	+	0)	/	782.033
	=	0.00

Qingdao Weflo Valve Co (SZSE:002871) 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.

Qingdao Weflo Valve Co Debt-to-Equity Related Terms

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

Qingdao Weflo Valve Co (SZSE:002871) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Qingdao Weflo Valve Co Ltd (SZSE:002871) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 45 Xinghe Road, Jimo City Blue Village, Shandong Province, Qingdao City, CHN, 266111

Website

http://www.weilongvalve.com

Qingdao Weflo Valve Co Ltd is a high-tech enterprise specializing in design, development, manufacturing and sales of water supply and drainage valve products. Its products portfolio includes butterfly valves, fire valves, multi-function valves, globe valves, check valves, ball valves, rubber joints, filters, exhaust valves, balance valves and bottom valves. Its products are mainly used in the urban water supply and drainage systems, firefighting water supply systems, heating ventilation air conditioning (HVAC) systems and sewage treatment systems, among others.

Executives

Li Hui Jun	Director
Qu Hui Cheng	Executives
Zhang Hui Ting	Executives
Guo Cheng Ni	Executives
Wang Zhao Jian	Executives
Fan Qing Wei	Director
Zhao Xiang	Securities Affairs Representative
Liu Ke Ping	Directors, executives
Cui Xing Jian	Executives

Qingdao Weflo Valve Co (SZSE:002871) Headlines

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