Zhejiang Meishuo Electric Technology Co (SZSE:301295) Debt-to-Equity : 0.00 (As of Jun. 2024)

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What is Zhejiang Meishuo Electric Technology Co Debt-to-Equity?

Zhejiang Meishuo Electric Technology Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was ¥0.7 Mil. Zhejiang Meishuo Electric Technology Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was ¥0.7 Mil. Zhejiang Meishuo Electric Technology Co's Total Stockholders Equity for the quarter that ended in Jun. 2024 was ¥950.7 Mil. Zhejiang Meishuo Electric Technology Co's debt to equity for the quarter that ended in Jun. 2024 was 0.00.

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

During the past 6 years, the highest Debt-to-Equity Ratio of Zhejiang Meishuo Electric Technology Co was 0.68. The lowest was 0.00. And the median was 0.03.

SZSE:301295's Debt-to-Equity is not ranked ^*
in the Hardware industry.
Industry Median: 0.29
* Ranked among companies with meaningful Debt-to-Equity only.

Zhejiang Meishuo Electric Technology Co Debt-to-Equity Historical Data

The historical data trend for Zhejiang Meishuo Electric 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.

* Premium members only.

Zhejiang Meishuo Electric Technology Co Debt-to-Equity Chart

Zhejiang Meishuo Electric Technology Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.25

0.09

0.03

Zhejiang Meishuo Electric Technology Co Quarterly Data
	Dec18	Dec19	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Debt-to-Equity	Get a 7-Day Free Trial												0.01	-	-	0.03	-

Competitive Comparison of Zhejiang Meishuo Electric Technology Co's Debt-to-Equity

For the Electronic Components subindustry, Zhejiang Meishuo Electric 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.

Zhejiang Meishuo Electric Technology Co's Debt-to-Equity Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Zhejiang Meishuo Electric Technology Co's Debt-to-Equity distribution charts can be found below:

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

Zhejiang Meishuo Electric Technology Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Zhejiang Meishuo Electric 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
	=	(0.73	+	0.712)	/	966.56
	=	0.00

Zhejiang Meishuo Electric Technology Co's Debt to Equity Ratio for the quarter that ended in Jun. 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
	=	(0.739	+	0.72)	/	950.747
	=	0.00

Zhejiang Meishuo Electric Technology Co (SZSE:301295) 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.

Zhejiang Meishuo Electric Technology Co Debt-to-Equity Related Terms

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Zhejiang Meishuo Electric Technology Co Business Description

Industry

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Address

No. 158, Weishier Road, Yueqing Economic Development Zone, Zhejiang, Yueqing, CHN, 325600

Website

https://www.msrelay.com

Zhejiang Meishuo Electric Technology Co Ltd is engaged in research and development, production and sales of relay control parts and their derivative actuators fluid solenoid valve products. Its main products are automotive relays, mini relays, PCB relays, power relays, latching relays, solenoid water valves, automotive connectors and harnesses.

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