MeiG Smart Technology Co (SZSE:002881) Debt-to-Equity : 0.09 (As of Sep. 2024)

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What is MeiG Smart Technology Co Debt-to-Equity?

MeiG Smart Technology Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was ¥140 Mil. MeiG Smart Technology Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was ¥3 Mil. MeiG Smart Technology Co's Total Stockholders Equity for the quarter that ended in Sep. 2024 was ¥1,527 Mil. MeiG Smart Technology Co's debt to equity for the quarter that ended in Sep. 2024 was 0.09.

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

SZSE:002881' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.02 Med: 0.13 Max: 0.51
Current: 0.09

During the past 11 years, the highest Debt-to-Equity Ratio of MeiG Smart Technology Co was 0.51. The lowest was 0.02. And the median was 0.13.

SZSE:002881's Debt-to-Equity is ranked better than
75.71% of 2182 companies
in the Hardware industry
Industry Median: 0.29 vs SZSE:002881: 0.09

MeiG Smart Technology Co Debt-to-Equity Historical Data

The historical data trend for MeiG Smart Technology 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.

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MeiG Smart Technology Co Debt-to-Equity Chart

MeiG Smart Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.03

0.14

0.48

0.51

0.02

MeiG Smart Technology Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Debt-to-Equity	Get a 7-Day Free Trial															0.06	0.02	0.27	0.17	0.09

Competitive Comparison of MeiG Smart Technology Co's Debt-to-Equity

For the Communication Equipment subindustry, MeiG Smart Technology 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.

MeiG Smart Technology Co's Debt-to-Equity Distribution in the Hardware Industry

For the Hardware industry and Technology sector, MeiG Smart Technology Co's Debt-to-Equity distribution charts can be found below:

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

MeiG Smart Technology Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

MeiG Smart Technology 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
	=	(21.487	+	9.3)	/	1480.858
	=	0.02

MeiG Smart Technology Co's Debt to Equity Ratio for the quarter that ended in Sep. 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
	=	(139.974	+	2.671)	/	1527.193
	=	0.09

MeiG Smart Technology Co (SZSE:002881) 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.

MeiG Smart Technology Co Debt-to-Equity Related Terms

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MeiG Smart Technology Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » MeiG Smart Technology Co Ltd (SZSE:002881) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

No.5 Lingxia Road, Fenghuang Fourth Industrial Zone, Fuyong Street, Baoan District, No.1, 2nd Floor, 3rd Floor, Building A, Building B, Guangdong Province, Shenzhen, CHN, 518103

Website

http://www.meigsmart.com

MeiG Smart Technology Co Ltd is the communications equipment manufacturing company. Its core business is the development and production of IoT smart terminals, wireless communication modules (M2M) and intelligent hardware as well as precision mold development and production and sales of precision components. The company's IoT smart terminals, LTE module products and wireless data solutions applied in the fields of mobile payment, car networking, security, industrial routing, consumer electronics, smart power, smart meter reading, intelligent terminals, and item tracking. application.

Executives

Ning Huan	Supervisors
Ning Jian	Supervisors
Chen Yue Liang	Secretary, Director

MeiG Smart Technology Co Headlines

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