Shenzhen King Explorer Science And Technology (SZSE:002917) Debt-to-Equity : 0.46 (As of Mar. 2024)

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What is Shenzhen King Explorer Science And Technology Debt-to-Equity?

Shenzhen King Explorer Science And Technology's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥645 Mil. Shenzhen King Explorer Science And Technology's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥60 Mil. Shenzhen King Explorer Science And Technology's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥1,519 Mil. Shenzhen King Explorer Science And Technology's debt to equity for the quarter that ended in Mar. 2024 was 0.46.

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 King Explorer Science And Technology's Debt-to-Equity or its related term are showing as below:

SZSE:002917' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.15 Med: 0.42 Max: 0.62
Current: 0.46

During the past 11 years, the highest Debt-to-Equity Ratio of Shenzhen King Explorer Science And Technology was 0.62. The lowest was 0.15. And the median was 0.42.

SZSE:002917's Debt-to-Equity is ranked worse than
58.62% of 1392 companies
in the Chemicals industry
Industry Median: 0.35 vs SZSE:002917: 0.46

Shenzhen King Explorer Science And Technology Debt-to-Equity Historical Data

The historical data trend for Shenzhen King Explorer Science And Technology'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 King Explorer Science And Technology Debt-to-Equity Chart

Shenzhen King Explorer Science And Technology Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

0.24

0.59

0.39

0.46

Shenzhen King Explorer Science And Technology 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															0.44	0.45	0.43	0.46	0.46

Competitive Comparison of Shenzhen King Explorer Science And Technology's Debt-to-Equity

For the Specialty Chemicals subindustry, Shenzhen King Explorer Science And Technology'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 King Explorer Science And Technology's Debt-to-Equity Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Shenzhen King Explorer Science And Technology's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Shenzhen King Explorer Science And Technology's Debt-to-Equity falls into.

Shenzhen King Explorer Science And Technology Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Shenzhen King Explorer Science And Technology'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
	=	(688.282	+	8.884)	/	1512.616
	=	0.46

Shenzhen King Explorer Science And Technology'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
	=	(644.597	+	59.84)	/	1519.179
	=	0.46

Shenzhen King Explorer Science And Technology (SZSE:002917) 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 King Explorer Science And Technology Debt-to-Equity Related Terms

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Shenzhen King Explorer Science And Technology (SZSE:002917) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Shenzhen King Explorer Science And Technology Corp (SZSE:002917) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Room No. 3, Building R2-A, Nanshan High-Tech Industrial Park, South Area, Guangdong Province, Shenzhen, CHN, 518057

Website

http://www.kingexplorer.com

Shenzhen King Explorer Science And Technology Corp engages in the research, development, design, manufacture, and sale of intelligent equipment systems to civil explosive production companies and blasting service companies in the People's Republic of China and internationally. It offers industrial explosive and detonator production lines, mobile and ground bulk emulsion modules, bulk trucks for emulsion, portable underground charging units, and underground chargers. The products of the company include Industrial Explosives Dynamic Monitoring System, Anti-Explosion Products and Special Equipment for Explosives Production.

Executives

Ming Jing Gu	Director
Li Hui	Supervisors
Zhou Xiao Xi	Executives

Shenzhen King Explorer Science And Technology (SZSE:002917) Headlines

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