Jiangsu Kangliyuan Sports Tech Co (SZSE:301287) Debt-to-Equity : 0.03 (As of Mar. 2024)

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What is Jiangsu Kangliyuan Sports Tech Co Debt-to-Equity?

Jiangsu Kangliyuan Sports Tech Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥30.5 Mil. Jiangsu Kangliyuan Sports Tech Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥7.3 Mil. Jiangsu Kangliyuan Sports Tech Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥1,099.7 Mil. Jiangsu Kangliyuan Sports Tech Co's debt to equity for the quarter that ended in Mar. 2024 was 0.03.

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 Jiangsu Kangliyuan Sports Tech Co's Debt-to-Equity or its related term are showing as below:

SZSE:301287' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.02 Med: 0.11 Max: 1.01
Current: 0.03

During the past 6 years, the highest Debt-to-Equity Ratio of Jiangsu Kangliyuan Sports Tech Co was 1.01. The lowest was 0.02. And the median was 0.11.

SZSE:301287's Debt-to-Equity is ranked better than
92.92% of 692 companies
in the Travel & Leisure industry
Industry Median: 0.46 vs SZSE:301287: 0.03

Jiangsu Kangliyuan Sports Tech Co Debt-to-Equity Historical Data

The historical data trend for Jiangsu Kangliyuan Sports Tech 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.

Jiangsu Kangliyuan Sports Tech Co Debt-to-Equity Chart

Jiangsu Kangliyuan Sports Tech Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.76

0.35

0.17

0.07

0.04

Jiangsu Kangliyuan Sports Tech Co Quarterly Data
	Dec18	Dec19	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial										0.07	0.02	0.02	0.04	0.03

Competitive Comparison of Jiangsu Kangliyuan Sports Tech Co's Debt-to-Equity

For the Leisure subindustry, Jiangsu Kangliyuan Sports Tech 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.

Jiangsu Kangliyuan Sports Tech Co's Debt-to-Equity Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Jiangsu Kangliyuan Sports Tech Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Jiangsu Kangliyuan Sports Tech Co's Debt-to-Equity falls into.

Jiangsu Kangliyuan Sports Tech Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Jiangsu Kangliyuan Sports Tech 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
	=	(29.765	+	8.194)	/	1082.384
	=	0.04

Jiangsu Kangliyuan Sports Tech 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
	=	(30.543	+	7.337)	/	1099.744
	=	0.03

Jiangsu Kangliyuan Sports Tech Co (SZSE:301287) 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.

Jiangsu Kangliyuan Sports Tech Co Debt-to-Equity Related Terms

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Jiangsu Kangliyuan Sports Tech Co (SZSE:301287) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Jiangsu Kangliyuan Sports Tech Co Ltd (SZSE:301287) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

North side of Binhu Avenue, High-tech Industrial Park, Paoche Sub-district Office, Jiangsu, Pizhou, CHN, 221327

Website

http://www.junxia.net

Jiangsu Kangliyuan Sports Tech Co Ltd is engaged in research & development, manufacturing, and sales of Multi-series, differentiated and customized fitness equipment. The company's main products cover seven series, including treadmills, fitness bikes, strength trainers, free weight trainer, outdoor paths and group activity equipment. Its products reach more than 100 kinds.

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