Brilliance Technology Co (SZSE:300542) Debt-to-Equity : 0.67 (As of Mar. 2024)

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What is Brilliance Technology Co Debt-to-Equity?

Brilliance Technology Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥425 Mil. Brilliance Technology Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥0 Mil. Brilliance Technology Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥636 Mil. Brilliance Technology Co's debt to equity for the quarter that ended in Mar. 2024 was 0.67.

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

SZSE:300542' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.22 Max: 0.79
Current: 0.67

During the past 13 years, the highest Debt-to-Equity Ratio of Brilliance Technology Co was 0.79. The lowest was 0.00. And the median was 0.22.

SZSE:300542's Debt-to-Equity is ranked worse than
78.35% of 2203 companies
in the Software industry
Industry Median: 0.2 vs SZSE:300542: 0.67

Brilliance Technology Co Debt-to-Equity Historical Data

The historical data trend for Brilliance 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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Brilliance Technology Co Debt-to-Equity Chart

Brilliance Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.19

0.06

0.15

0.44

0.53

Brilliance 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															0.57	0.62	0.79	0.53	0.67

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

For the Software - Application subindustry, Brilliance 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.

Brilliance Technology Co's Debt-to-Equity Distribution in the Software Industry

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

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

Brilliance Technology Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Brilliance 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
	=	(341.87	+	0.436)	/	649.643
	=	0.53

Brilliance 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
	=	(424.851	+	0.394)	/	636.436
	=	0.67

Brilliance Technology Co (SZSE:300542) 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.

Brilliance Technology Co Debt-to-Equity Related Terms

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Brilliance Technology Co (SZSE:300542) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Brilliance Technology Co Ltd (SZSE:300542) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Landianchang East Road, Haidian District, 8/F,Tower B2, Golden Resource & Times Business Center No 2, Beijing, CHN, 100097

Website

http://www.brilliance.com.cn

Brilliance Technology Co Ltd provides software development, computer system integration, consulting and project management services. The company's software solutions include international business, corporate settlement system, bank settlement system, and bank intermediary business platform solutions; channel integration cloud platform, total cooperation cloud platform, television banking system, online banking system, and call center application platform solutions; and data exchange applications and service products. It also provides IT infrastructure solutions comprising an information security system, enterprise network construction, and data center infrastructure solutions; and IT services.

Executives

Kang Lu	Director
Yu Ke Jian	Directors, executives
Tang Ruo Mei	Supervisors
Zhang Yan Sheng	Directors, executives
Yang Han Jie	Director
Zhang Da Xin	Directors, executives
Li Fu Hua	Director
Ding Fei	Securities Affairs Representative

Brilliance Technology Co (SZSE:300542) Headlines

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