Jones Tech (SZSE:300684) Debt-to-Equity : 0.01 (As of Mar. 2024)

View and export this data going back to 2017. Start your Free Trial

What is Jones Tech Debt-to-Equity?

Jones Tech's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥5 Mil. Jones Tech's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥8 Mil. Jones Tech's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥1,922 Mil. Jones Tech's debt to equity for the quarter that ended in Mar. 2024 was 0.01.

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 Jones Tech's Debt-to-Equity or its related term are showing as below:

SZSE:300684' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.06 Max: 0.27
Current: 0.01

During the past 13 years, the highest Debt-to-Equity Ratio of Jones Tech was 0.27. The lowest was 0.00. And the median was 0.06.

SZSE:300684's Debt-to-Equity is ranked better than
99.95% of 2191 companies
in the Hardware industry
Industry Median: 0.29 vs SZSE:300684: 0.01

Jones Tech Debt-to-Equity Historical Data

The historical data trend for Jones Tech'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.

Jones Tech Debt-to-Equity Chart

Jones Tech Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

0.07

0.01

0.06

Jones Tech 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															0.02	0.02	0.01	-	0.01

Competitive Comparison of Jones Tech's Debt-to-Equity

For the Electronic Components subindustry, Jones Tech'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.

Jones Tech's Debt-to-Equity Distribution in the Hardware Industry

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

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

Jones Tech Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Jones Tech'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
	=	(2.025	+	2.264)	/	1896.074
	=	0.00

Jones Tech'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
	=	(5.102	+	7.746)	/	1921.536
	=	0.01

Jones Tech (SZSE:300684) 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.

Jones Tech Debt-to-Equity Related Terms

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

Jones Tech (SZSE:300684) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Jones Tech PLC (SZSE:300684) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.3 Dong Huan Zhong Lu, Beijing Economical & Technological Development Area, Beijing, CHN, 100070

Website

http://www.jones-corp.com

Jones Tech PLC provides solutions to improve electronics equipment. The company's core products consist of thermal management materials, shielding material, power filters, and EMC/EMP services. Jones Tech also provides EMI testing and certification service. The company serves a diverse set of markets including telecommunications, medical electronics, information technology, industrial machinery manufacturing, rail transportation and renewable energy.

Executives

Zhu Guang Fu	Executives
Yuan Jing	Supervisors
Chen Yu	Directors, Directors, and Executives
Chen Qu	Directors, executives
Ye Lu	Directors, executives
Wu Xiao Ning	Director
	Director
Zhang Wei Na	Securities Affairs Representative

Jones Tech (SZSE:300684) Headlines

No Headlines