Shenzhen Sinovatio Technology Co (SZSE:002912) Debt-to-Equity : 0.01 (As of Mar. 2024)

View and export this data going back to 2017. Start your Free Trial

What is Shenzhen Sinovatio Technology Co Debt-to-Equity?

Shenzhen Sinovatio Technology Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥11.8 Mil. Shenzhen Sinovatio Technology Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥2.5 Mil. Shenzhen Sinovatio Technology Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥1,634.1 Mil. Shenzhen Sinovatio Technology Co's debt to equity for the quarter that ended in Mar. 2024 was 0.01.

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

SZSE:002912' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0 Max: 0.01
Current: 0.01

During the past 11 years, the highest Debt-to-Equity Ratio of Shenzhen Sinovatio Technology Co was 0.01. The lowest was 0.00. And the median was 0.00.

SZSE:002912's Debt-to-Equity is ranked better than
99.95% of 2213 companies
in the Software industry
Industry Median: 0.21 vs SZSE:002912: 0.01

Shenzhen Sinovatio Technology Co Debt-to-Equity Historical Data

The historical data trend for Shenzhen Sinovatio 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.

* Premium members only.

Shenzhen Sinovatio Technology Co Debt-to-Equity Chart

Shenzhen Sinovatio Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

0.01

Shenzhen Sinovatio Technology 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															-	0.01	0.01	0.01	0.01

Competitive Comparison of Shenzhen Sinovatio Technology Co's Debt-to-Equity

For the Information Technology Services subindustry, Shenzhen Sinovatio 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.

Shenzhen Sinovatio Technology Co's Debt-to-Equity Distribution in the Software Industry

For the Software industry and Technology sector, Shenzhen Sinovatio Technology Co's Debt-to-Equity distribution charts can be found below:

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

Shenzhen Sinovatio Technology Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Shenzhen Sinovatio 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
	=	(9.525	+	2.643)	/	1672.242
	=	0.01

Shenzhen Sinovatio Technology 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
	=	(11.843	+	2.49)	/	1634.087
	=	0.01

Shenzhen Sinovatio Technology Co (SZSE:002912) 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.

Shenzhen Sinovatio Technology Co Debt-to-Equity Related Terms

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

Shenzhen Sinovatio Technology Co (SZSE:002912) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Shenzhen Sinovatio Technology Co Ltd (SZSE:002912) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

South Street, High-tech South Road, Guangdong High-tech Industrial Park, 021 Sichuang Technology Building, 2nd Floor, Guangdong Province, Nanshan District, Shenzhen, CHN, 518057

Website

http://www.sinovatio.com

Shenzhen Sinovatio Technology Co Ltd provides information technology services. The company's main products include network and machine data visual acquisition platform, including broadband Internet data distributed management products, the mobile access network data collection and analysis, machine data acquisition products, network content security products.

Executives

Yi En Jiang	Director
Chen Li	Supervisors
Jin Bo	Supervisors

Shenzhen Sinovatio Technology Co (SZSE:002912) Headlines

No Headlines