Wuxi Smart Auto-control Engineering Co (SZSE:002877) Debt-to-Equity : 0.63 (As of Mar. 2024)

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What is Wuxi Smart Auto-control Engineering Co Debt-to-Equity?

Wuxi Smart Auto-control Engineering Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥428 Mil. Wuxi Smart Auto-control Engineering Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥325 Mil. Wuxi Smart Auto-control Engineering Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥1,187 Mil. Wuxi Smart Auto-control Engineering Co's debt to equity for the quarter that ended in Mar. 2024 was 0.63.

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 Wuxi Smart Auto-control Engineering Co's Debt-to-Equity or its related term are showing as below:

SZSE:002877' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.14 Med: 0.38 Max: 0.85
Current: 0.63

During the past 12 years, the highest Debt-to-Equity Ratio of Wuxi Smart Auto-control Engineering Co was 0.85. The lowest was 0.14. And the median was 0.38.

SZSE:002877's Debt-to-Equity is ranked worse than
73.81% of 2623 companies
in the Industrial Products industry
Industry Median: 0.28 vs SZSE:002877: 0.63

Wuxi Smart Auto-control Engineering Co Debt-to-Equity Historical Data

The historical data trend for Wuxi Smart Auto-control Engineering 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.

Wuxi Smart Auto-control Engineering Co Debt-to-Equity Chart

Wuxi Smart Auto-control Engineering Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.35

0.42

0.57

0.80

0.59

Wuxi Smart Auto-control Engineering 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															0.83	0.85	0.67	0.59	0.63

Competitive Comparison of Wuxi Smart Auto-control Engineering Co's Debt-to-Equity

For the Specialty Industrial Machinery subindustry, Wuxi Smart Auto-control Engineering 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.

Wuxi Smart Auto-control Engineering Co's Debt-to-Equity Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Wuxi Smart Auto-control Engineering Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Wuxi Smart Auto-control Engineering Co's Debt-to-Equity falls into.

Wuxi Smart Auto-control Engineering Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Wuxi Smart Auto-control Engineering 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
	=	(385.486	+	310.931)	/	1172.802
	=	0.59

Wuxi Smart Auto-control Engineering 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
	=	(428.125	+	324.892)	/	1187.115
	=	0.63

Wuxi Smart Auto-control Engineering Co (SZSE:002877) 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.

Wuxi Smart Auto-control Engineering Co Debt-to-Equity Related Terms

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Wuxi Smart Auto-control Engineering Co (SZSE:002877) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Wuxi Smart Auto-control Engineering Co Ltd (SZSE:002877) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 258 Xida Road, Meicun Wuxi New District, Jiangsu, Wuxi, CHN, 214112

Website

http://www.wuxismart.com

Wuxi Smart Auto-control Engineering Co Ltd is a China based company engaged in the research and development, manufacturing, sales and service of intelligent control valves in the field of industrial process control. It offers customers with industrial solution control valve solutions under various working conditions. The product portfolio of the company includes P/J series single seat valve, R series ball valve, F series anti-corrosion, W series butterfly valve, T series three-way valve, Z series special valve, Y series self-operated valve, and Q series pneumatic actuator. The company's products and technologies are used in petroleum, chemical, steel, metallurgy, textile, energy, electricity, food, environmental protection and other industries.

Executives

Chen Yan	Director
Zhong Pei Ya	Executives
Wu Wei	Director
Du Xue Jun	Executives
Shen Jian Fei	Directors, Directors, and Executives
Sun Ming Dong	Supervisors

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