Harbin Jiuzhou Group Co (SZSE:300040) Debt-to-Equity : 1.09 (As of Mar. 2024)

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What is Harbin Jiuzhou Group Co Debt-to-Equity?

Harbin Jiuzhou Group Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥419 Mil. Harbin Jiuzhou Group Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥2,747 Mil. Harbin Jiuzhou Group Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥2,915 Mil. Harbin Jiuzhou Group Co's debt to equity for the quarter that ended in Mar. 2024 was 1.09.

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 Harbin Jiuzhou Group Co's Debt-to-Equity or its related term are showing as below:

SZSE:300040' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.02 Med: 0.42 Max: 1.4
Current: 1.09

During the past 13 years, the highest Debt-to-Equity Ratio of Harbin Jiuzhou Group Co was 1.40. The lowest was 0.02. And the median was 0.42.

SZSE:300040's Debt-to-Equity is ranked worse than
88.3% of 2624 companies
in the Industrial Products industry
Industry Median: 0.285 vs SZSE:300040: 1.09

Harbin Jiuzhou Group Co Debt-to-Equity Historical Data

The historical data trend for Harbin Jiuzhou Group 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.

Harbin Jiuzhou Group Co Debt-to-Equity Chart

Harbin Jiuzhou Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.42

0.86

0.89

0.99

1.10

Harbin Jiuzhou Group 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															1.08	1.09	1.14	1.10	1.09

Competitive Comparison of Harbin Jiuzhou Group Co's Debt-to-Equity

For the Specialty Industrial Machinery subindustry, Harbin Jiuzhou Group 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.

Harbin Jiuzhou Group Co's Debt-to-Equity Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Harbin Jiuzhou Group Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Harbin Jiuzhou Group Co's Debt-to-Equity falls into.

Harbin Jiuzhou Group Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Harbin Jiuzhou Group 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
	=	(421.176	+	2766.893)	/	2898.742
	=	1.10

Harbin Jiuzhou Group 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
	=	(418.719	+	2747.228)	/	2915.268
	=	1.09

Harbin Jiuzhou Group Co (SZSE:300040) 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.

Harbin Jiuzhou Group Co Debt-to-Equity Related Terms

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Harbin Jiuzhou Group Co (SZSE:300040) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Harbin Jiuzhou Group Co Ltd (SZSE:300040) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 609 Jiuzhou Road, Songbei District, Heilongjiang Province, Harbin, CHN, 150027

Website

http://www.jze.com.cn

Harbin Jiuzhou Group Co Ltd operates as an electrical equipment supplier and energy efficient management solutions provider. The solutions provided by the company include building technology, distribution automation, rail transit solution, data center, and city and infrastructure. The products and services include power products, switchgear, high voltage motor drive products, and power system automation.

Executives

Li Yin	Director
Li Zhen	Securities Affairs Representative
Zhang Qing	Directors, executives
Liu Fu Li	Executives
Yang Deng Rui	Independent director
Zou Cun Dong	Executives

Harbin Jiuzhou Group Co (SZSE:300040) Headlines

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