Truking Technology (SZSE:300358) Debt-to-Equity : 0.35 (As of Mar. 2024)

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What is Truking Technology Debt-to-Equity?

Truking Technology's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥782 Mil. Truking Technology's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥908 Mil. Truking Technology's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥4,811 Mil. Truking Technology's debt to equity for the quarter that ended in Mar. 2024 was 0.35.

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

SZSE:300358' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.02 Med: 0.14 Max: 0.45
Current: 0.35

During the past 13 years, the highest Debt-to-Equity Ratio of Truking Technology was 0.45. The lowest was 0.02. And the median was 0.14.

SZSE:300358's Debt-to-Equity is ranked worse than
62.06% of 709 companies
in the Medical Devices & Instruments industry
Industry Median: 0.21 vs SZSE:300358: 0.35

Truking Technology Debt-to-Equity Historical Data

The historical data trend for Truking 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.

Truking Technology Debt-to-Equity Chart

Truking Technology Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.45

0.35

0.09

0.12

0.15

Truking 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															0.15	0.15	0.16	0.15	0.35

Competitive Comparison of Truking Technology's Debt-to-Equity

For the Medical Instruments & Supplies subindustry, Truking 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.

Truking Technology's Debt-to-Equity Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Truking Technology's Debt-to-Equity distribution charts can be found below:

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

Truking Technology Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Truking 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
	=	(653.441	+	58.144)	/	4720.008
	=	0.15

Truking 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
	=	(782.163	+	907.854)	/	4811.338
	=	0.35

Truking Technology (SZSE:300358) 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.

Truking Technology Debt-to-Equity Related Terms

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Truking Technology (SZSE:300358) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Truking Technology Ltd (SZSE:300358) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No 1 Xinkang Road, Ningxiang, Yutan Town, Hunan Province, Changsha, CHN, 410600

Website

http://www.truking.com

Truking Technology Ltd operates in the pharmaceutical and medical equipment industry. It develops, designs, manufactures, sells and provides services for aqueous pharmaceutical equipment. The company offers solutions for Fluid Processing System, Ampoule Injectable Products Production, Vial Injectable Products Production, Plastic Bottle Blow-Fill-Seal Production, Cartridge Production, and others. It sells its products in China, and also exports it to the other countries.

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