Kangping Technology (Suzhou) Co (SZSE:300907) Debt-to-Equity : 0.18 (As of Mar. 2024)

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What is Kangping Technology (Suzhou) Co Debt-to-Equity?

Kangping Technology (Suzhou) Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥138.8 Mil. Kangping Technology (Suzhou) Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥2.0 Mil. Kangping Technology (Suzhou) Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥787.2 Mil. Kangping Technology (Suzhou) Co's debt to equity for the quarter that ended in Mar. 2024 was 0.18.

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 Kangping Technology (Suzhou) Co's Debt-to-Equity or its related term are showing as below:

SZSE:300907' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.04 Med: 0.17 Max: 0.3
Current: 0.18

During the past 8 years, the highest Debt-to-Equity Ratio of Kangping Technology (Suzhou) Co was 0.30. The lowest was 0.04. And the median was 0.17.

SZSE:300907's Debt-to-Equity is ranked better than
62.88% of 2629 companies
in the Industrial Products industry
Industry Median: 0.29 vs SZSE:300907: 0.18

Kangping Technology (Suzhou) Co Debt-to-Equity Historical Data

The historical data trend for Kangping Technology (Suzhou) 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.

* Premium members only.

Kangping Technology (Suzhou) Co Debt-to-Equity Chart

Kangping Technology (Suzhou) Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.05

0.06

0.23

0.17

0.16

Kangping Technology (Suzhou) Co Quarterly Data
	Dec18	Jun19	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															0.22	0.21	0.30	0.16	0.18

Competitive Comparison of Kangping Technology (Suzhou) Co's Debt-to-Equity

For the Electrical Equipment & Parts subindustry, Kangping Technology (Suzhou) 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.

Kangping Technology (Suzhou) Co's Debt-to-Equity Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Kangping Technology (Suzhou) Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Kangping Technology (Suzhou) Co's Debt-to-Equity falls into.

Kangping Technology (Suzhou) Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Kangping Technology (Suzhou) 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
	=	(120.599	+	2.776)	/	773.014
	=	0.16

Kangping Technology (Suzhou) 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
	=	(138.771	+	2.043)	/	787.249
	=	0.18

Kangping Technology (Suzhou) Co (SZSE:300907) 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.

Kangping Technology (Suzhou) Co Debt-to-Equity Related Terms

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Kangping Technology (Suzhou) Co (SZSE:300907) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Kangping Technology (Suzhou) Co Ltd (SZSE:300907) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

No. 18, Huayuan Road, Xiangcheng Economic Development Zone, Jiangsu Province, Suzhou, CHN, 215131

Website

http://www.chinakangping.com

Kangping Technology (Suzhou) Co Ltd is engaged in design, production and sales of motors for power tools, complete power tools and related spare parts.

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