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Up-Shine Lighting Co (SZSE:301362) Debt-to-Equity : 0.03 (As of Sep. 2024)


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What is Up-Shine Lighting Co Debt-to-Equity?

Up-Shine Lighting Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was ¥24 Mil. Up-Shine Lighting Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was ¥48 Mil. Up-Shine Lighting Co's Total Stockholders Equity for the quarter that ended in Sep. 2024 was ¥2,505 Mil. Up-Shine Lighting Co's debt to equity for the quarter that ended in Sep. 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 Up-Shine Lighting Co's Debt-to-Equity or its related term are showing as below:

SZSE:301362' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01   Med: 0.03   Max: 0.2
Current: 0.03

During the past 7 years, the highest Debt-to-Equity Ratio of Up-Shine Lighting Co was 0.20. The lowest was 0.01. And the median was 0.03.

SZSE:301362's Debt-to-Equity is ranked better than
89.33% of 2164 companies
in the Hardware industry
Industry Median: 0.29 vs SZSE:301362: 0.03

Up-Shine Lighting Co Debt-to-Equity Historical Data

The historical data trend for Up-Shine Lighting 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.

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Up-Shine Lighting Co Debt-to-Equity Chart

Up-Shine Lighting Co Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-Equity
Get a 7-Day Free Trial 0.01 0.03 0.03 0.08 0.03

Up-Shine Lighting Co Quarterly Data
Dec17 Dec18 Dec19 Mar20 Jun20 Dec20 Mar21 Jun21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Debt-to-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.03 0.03 0.03 0.03 0.03

Competitive Comparison of Up-Shine Lighting Co's Debt-to-Equity

For the Electronic Components subindustry, Up-Shine Lighting 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.


Up-Shine Lighting Co's Debt-to-Equity Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Up-Shine Lighting Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Up-Shine Lighting Co's Debt-to-Equity falls into.



Up-Shine Lighting Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Up-Shine Lighting Co's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Up-Shine Lighting Co's Debt to Equity Ratio for the quarter that ended in Sep. 2024 is calculated as

* 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.


Up-Shine Lighting Co  (SZSE:301362) 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.


Up-Shine Lighting Co Debt-to-Equity Related Terms

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Up-Shine Lighting Co Business Description

Traded in Other Exchanges
N/A
Address
Fuyong Street, 2-5th floor, 2nd workshop, Runheng Industrial Factory, Baoan, Guangdong, Shenzhen, CHN, 518103
Up-Shine Lighting Co Ltd is engaged in Research and development, design, manufacture, sales and service of LED lighting products.

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