Zenner Metering Technology (Shanghai) (SZSE:301303) Debt-to-Equity : 0.05 (As of Mar. 2024)

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What is Zenner Metering Technology (Shanghai) Debt-to-Equity?

Zenner Metering Technology (Shanghai)'s Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥87 Mil. Zenner Metering Technology (Shanghai)'s Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥80 Mil. Zenner Metering Technology (Shanghai)'s Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥3,144 Mil. Zenner Metering Technology (Shanghai)'s debt to equity for the quarter that ended in Mar. 2024 was 0.05.

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 Zenner Metering Technology (Shanghai)'s Debt-to-Equity or its related term are showing as below:

SZSE:301303' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.05 Max: 0.29
Current: 0.05

During the past 6 years, the highest Debt-to-Equity Ratio of Zenner Metering Technology (Shanghai) was 0.29. The lowest was 0.00. And the median was 0.05.

SZSE:301303's Debt-to-Equity is ranked better than
84.14% of 2616 companies
in the Industrial Products industry
Industry Median: 0.29 vs SZSE:301303: 0.05

Zenner Metering Technology (Shanghai) Debt-to-Equity Historical Data

The historical data trend for Zenner Metering Technology (Shanghai)'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.

Zenner Metering Technology (Shanghai) Debt-to-Equity Chart

Zenner Metering Technology (Shanghai) Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.03

0.20

0.17

0.22

0.03

Zenner Metering Technology (Shanghai) Quarterly Data
	Dec18	Dec19	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial											0.04	-	0.01	0.03	0.05

Competitive Comparison of Zenner Metering Technology (Shanghai)'s Debt-to-Equity

For the Electrical Equipment & Parts subindustry, Zenner Metering Technology (Shanghai)'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.

Zenner Metering Technology (Shanghai)'s Debt-to-Equity Distribution in the Industrial Products Industry

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

* The bar in red indicates where Zenner Metering Technology (Shanghai)'s Debt-to-Equity falls into.

Zenner Metering Technology (Shanghai) Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Zenner Metering Technology (Shanghai)'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
	=	(20.95	+	80.073)	/	3080.014
	=	0.03

Zenner Metering Technology (Shanghai)'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
	=	(86.966	+	80.073)	/	3144.012
	=	0.05

Zenner Metering Technology (Shanghai) (SZSE:301303) 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.

Zenner Metering Technology (Shanghai) Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Zenner Metering Technology (Shanghai)'s Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Zenner Metering Technology (Shanghai) (SZSE:301303) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Zenner Metering Technology (Shanghai) Ltd (SZSE:301303) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

No. 6558 Yinggang East Road, Building 4, Qingpu District, Shanghai, CHN, 201703

Website

https://www.zenner-metering.com

Zenner Metering Technology (Shanghai) Ltd is engaged in the research and development, manufacture and sales of gas metering instruments and supporting products. The main products are wide-range series civil membrane gas meters and industrial and commercial membrane gas meters, NB-IoT IoT gas meters, wireless remote transmission gas meters, IC card smart gas meters, ultrasonic gas meters, ultrasonic flow meters, smart gas waist wheels Flow meter & turbine flow meter, IoT intelligent controller, bellows, ATM self-service payment system, Bluetooth smart card and iGasLink smart gas information cloud platform based on cloud service.

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