Zhejiang Canaan Technology (SZSE:300412) Debt-to-Equity : 0.47 (As of Mar. 2024)

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What is Zhejiang Canaan Technology Debt-to-Equity?

Zhejiang Canaan Technology's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥283 Mil. Zhejiang Canaan Technology's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥194 Mil. Zhejiang Canaan Technology's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥1,010 Mil. Zhejiang Canaan Technology's debt to equity for the quarter that ended in Mar. 2024 was 0.47.

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

SZSE:300412' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.12 Max: 0.47
Current: 0.47

During the past 13 years, the highest Debt-to-Equity Ratio of Zhejiang Canaan Technology was 0.47. The lowest was 0.00. And the median was 0.12.

SZSE:300412's Debt-to-Equity is ranked worse than
64.7% of 2626 companies
in the Industrial Products industry
Industry Median: 0.28 vs SZSE:300412: 0.47

Zhejiang Canaan Technology Debt-to-Equity Historical Data

The historical data trend for Zhejiang Canaan 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.

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Zhejiang Canaan Technology Debt-to-Equity Chart

Zhejiang Canaan Technology Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.10

0.25

0.21

0.26

0.41

Zhejiang Canaan 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															0.26	0.29	0.34	0.41	0.47

Competitive Comparison of Zhejiang Canaan Technology's Debt-to-Equity

For the Specialty Industrial Machinery subindustry, Zhejiang Canaan 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.

Zhejiang Canaan Technology's Debt-to-Equity Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Zhejiang Canaan Technology's Debt-to-Equity distribution charts can be found below:

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

Zhejiang Canaan Technology Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Zhejiang Canaan 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
	=	(222.726	+	191.899)	/	1015.68
	=	0.41

Zhejiang Canaan 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
	=	(282.832	+	194.232)	/	1009.693
	=	0.47

Zhejiang Canaan Technology (SZSE:300412) 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.

Zhejiang Canaan Technology Debt-to-Equity Related Terms

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Zhejiang Canaan Technology (SZSE:300412) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Zhejiang Canaan Technology Ltd (SZSE:300412) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Linpu Bridge, Dong'ou Industrial Park, Wenzhou, Zhejiang Province, CHN, 325105

Website

http://www.china-jianan.company.weiku.com

Zhejiang Canaan Technology Ltd is a manufacturer of designing and processing equipment for solid dosage. Its main products include powder processing equipment, solid Body preparation equipment, Chinese medicine extraction equipment and fluid processing equipment. Its products categories are NT series Pharma Lifters, HZD series Bin Blenders, FZ series Fluid-bed Granulators, QD series Automatic Washing Stations and LHS series Mixers & Granulators which are widely used in pharmaceutical industry, chemical industry, foodstuff industry.

Executives

Zhou Zhen Dao	Director
Fang Zhi Yi	Director
Xu Hai Zhi	Executives
Chao Hu	Directors, executives, securities affairs represen
Wan Guo Hua	Executives
Liao Quan Hui	Executives
Chen Yong Xing	Directors, executives, securities affairs represen
Sun Guo Long	Director
Yang Dao Xiao	Supervisors

Zhejiang Canaan Technology (SZSE:300412) Headlines

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