Zhongfu Information (SZSE:300659) Debt-to-Equity : 0.16 (As of Mar. 2024)

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What is Zhongfu Information Debt-to-Equity?

Zhongfu Information's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥220.5 Mil. Zhongfu Information's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥4.3 Mil. Zhongfu Information's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥1,400.3 Mil. Zhongfu Information's debt to equity for the quarter that ended in Mar. 2024 was 0.16.

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 Zhongfu Information's Debt-to-Equity or its related term are showing as below:

SZSE:300659' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.05 Max: 0.36
Current: 0.16

During the past 12 years, the highest Debt-to-Equity Ratio of Zhongfu Information was 0.36. The lowest was 0.01. And the median was 0.05.

SZSE:300659's Debt-to-Equity is ranked better than
55.37% of 2205 companies
in the Software industry
Industry Median: 0.2 vs SZSE:300659: 0.16

Zhongfu Information Debt-to-Equity Historical Data

The historical data trend for Zhongfu Information'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.

Zhongfu Information Debt-to-Equity Chart

Zhongfu Information Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

0.03

0.04

0.30

0.32

Zhongfu Information 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															0.36	0.33	0.34	0.32	0.16

Competitive Comparison of Zhongfu Information's Debt-to-Equity

For the Software - Infrastructure subindustry, Zhongfu Information'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.

Zhongfu Information's Debt-to-Equity Distribution in the Software Industry

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

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

Zhongfu Information Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Zhongfu Information'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
	=	(312.105	+	6.223)	/	982.567
	=	0.32

Zhongfu Information'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
	=	(220.544	+	4.296)	/	1400.333
	=	0.16

Zhongfu Information (SZSE:300659) 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.

Zhongfu Information Debt-to-Equity Related Terms

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

Zhongfu Information (SZSE:300659) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Zhongfu Information Inc (SZSE:300659) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

1166 Xinyi Street, Gaoxin Zone, Floors 15-16, Building 2, Aosheng Building, Jinan High-tech Zone, Shandong, Jinan, CHN, 250101

Website

http://www.zhongfu.net

Zhongfu Information Inc is a provider of network and information security solutions. It specializes in information security technology and product development, sales and providing industry solutions and security services. The company offers security solutions, password application solutions and public safety solutions. Security solutions include information security and confidentiality management, network information one-way data transmission, and integrated business information management solutions. Password application solution comprises electronic business license and mobile billing. Public safety solutions consist of the public opinion warning application, visual intelligence analysis, and public security synthetic combat platform.

Executives

Wei Dong Xiao	Directors, executives
Chen Zhi Jiang	Director
Liu Zhen Dong	Supervisors
Zhang Tai Xiang	Supervisors
Yu Wei Hua	Supervisors
Sun Qiang	Directors, Directors, and Executives
Liu Hai Wei	Directors, executives
Wang Meng	Supervisors

Zhongfu Information (SZSE:300659) Headlines

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