Saimo Technology Co (SZSE:300466) Debt-to-Equity : 0.32 (As of Mar. 2024)

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What is Saimo Technology Co Debt-to-Equity?

Saimo Technology Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥240.8 Mil. Saimo Technology Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥14.7 Mil. Saimo Technology Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥807.9 Mil. Saimo Technology Co's debt to equity for the quarter that ended in Mar. 2024 was 0.32.

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

SZSE:300466' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.14 Max: 0.32
Current: 0.32

During the past 13 years, the highest Debt-to-Equity Ratio of Saimo Technology Co was 0.32. The lowest was 0.01. And the median was 0.14.

SZSE:300466's Debt-to-Equity is ranked worse than
52.53% of 2191 companies
in the Hardware industry
Industry Median: 0.29 vs SZSE:300466: 0.32

Saimo Technology Co Debt-to-Equity Historical Data

The historical data trend for Saimo 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.

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Saimo Technology Co Debt-to-Equity Chart

Saimo Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.18

0.12

0.19

0.14

0.29

Saimo 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															0.16	0.20	0.21	0.29	0.32

Competitive Comparison of Saimo Technology Co's Debt-to-Equity

For the Scientific & Technical Instruments subindustry, Saimo 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.

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

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

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

Saimo Technology Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Saimo 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
	=	(220.382	+	14.775)	/	816.219
	=	0.29

Saimo 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
	=	(240.829	+	14.747)	/	807.893
	=	0.32

Saimo Technology Co (SZSE:300466) 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.

Saimo Technology Co Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Saimo Technology Co's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Saimo Technology Co (SZSE:300466) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Saimo Technology Co Ltd (SZSE:300466) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 2 Luoshan Road, Xuzhou Economic Development Zone, Xuzhou, CHN, 221004

Website

http://www.saimo.cn

Saimo Technology Co Ltd is engaged in bulk material measurement, testing products, robot automation products, powder factory intelligent application systems and other fields, provide intelligent detection products and control system for electric power, port, chemical, feed, metallurgy, building materials, coal and other bulk materials industry production process. The products include weighing products, bulk material detection systems, conveyor protection devices, packing machines, complete packaging line, metal detector, and other instruments.

Executives

Li Ran	Directors, executives
Wu Hong Jun	Executives
Li Da	Director

Saimo Technology Co (SZSE:300466) Headlines

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