Wuxi Hodgen Technology Co (SZSE:300279) Debt-to-Equity : 0.63 (As of Mar. 2024)

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What is Wuxi Hodgen Technology Co Debt-to-Equity?

Wuxi Hodgen Technology Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥580 Mil. Wuxi Hodgen Technology Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥0 Mil. Wuxi Hodgen Technology Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥926 Mil. Wuxi Hodgen Technology 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 Hodgen Technology Co's Debt-to-Equity or its related term are showing as below:

SZSE:300279' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.1 Med: 0.7 Max: 1.04
Current: 0.63

During the past 13 years, the highest Debt-to-Equity Ratio of Wuxi Hodgen Technology Co was 1.04. The lowest was 0.10. And the median was 0.70.

SZSE:300279's Debt-to-Equity is ranked worse than
74.4% of 2191 companies
in the Hardware industry
Industry Median: 0.29 vs SZSE:300279: 0.63

Wuxi Hodgen Technology Co Debt-to-Equity Historical Data

The historical data trend for Wuxi Hodgen 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.

Wuxi Hodgen Technology Co Debt-to-Equity Chart

Wuxi Hodgen Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

0.92

1.03

0.88

0.99

0.65

Wuxi Hodgen 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															0.88	0.82	0.83	0.65	0.63

Competitive Comparison of Wuxi Hodgen Technology Co's Debt-to-Equity

For the Electronic Components subindustry, Wuxi Hodgen 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.

Wuxi Hodgen Technology Co's Debt-to-Equity Distribution in the Hardware Industry

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

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

Wuxi Hodgen Technology Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Wuxi Hodgen 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
	=	(592.465	+	0.432)	/	917.472
	=	0.65

Wuxi Hodgen 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
	=	(579.532	+	0.064)	/	925.76
	=	0.63

Wuxi Hodgen Technology Co (SZSE:300279) 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 Hodgen Technology Co Debt-to-Equity Related Terms

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Wuxi Hodgen Technology Co (SZSE:300279) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Wuxi Hodgen Technology Co Ltd (SZSE:300279) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 177, Changjiang East Road, Wuxi New District, Jiangsu Province, Wuxi, CHN, 214145

Website

http://www.hodgen-china.com

Wuxi Hodgen Technology Co Ltd is an electrical machinery and equipment manufacturing company. It is organized into four business segments: the Hejingzhi Manufacturing segment is engaged in the research, development, manufacture and sale of white goods and intelligent hardware. The System Integration segment provides information services for various enterprises and institutions in the government, education and other industries. The Interactive Data segment serves the broadcasting and television system, the main source of income is access network equipment and intelligent terminals. The Internet Education segment provides a cloud platform for preschool education.

Executives

Gu Qun	Directors, executives
Xu Hong Bin	Directors, executives
Wang Jin	Executives
Chen Bai Lin	Director
Zhou Wei Li	Supervisors
Wang Da Peng	Executives
Qiu Xiao Bin	Directors, executives
Ying Yan Ping	Supervisors
Zhang Chen Yang	Director

Wuxi Hodgen Technology Co (SZSE:300279) Headlines

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