Hangzhou Gisway Information Technology Co (SZSE:301390) Debt-to-Equity : 0.01 (As of Jun. 2024)

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What is Hangzhou Gisway Information Technology Co Debt-to-Equity?

Hangzhou Gisway Information Technology Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was ¥3.6 Mil. Hangzhou Gisway Information Technology Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was ¥1.4 Mil. Hangzhou Gisway Information Technology Co's Total Stockholders Equity for the quarter that ended in Jun. 2024 was ¥939.9 Mil. Hangzhou Gisway Information Technology Co's debt to equity for the quarter that ended in Jun. 2024 was 0.01.

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 Hangzhou Gisway Information Technology Co's Debt-to-Equity or its related term are showing as below:

SZSE:301390' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.02 Max: 0.15
Current: 0.01

During the past 6 years, the highest Debt-to-Equity Ratio of Hangzhou Gisway Information Technology Co was 0.15. The lowest was 0.01. And the median was 0.02.

SZSE:301390's Debt-to-Equity is ranked better than
99.95% of 2219 companies
in the Software industry
Industry Median: 0.21 vs SZSE:301390: 0.01

Hangzhou Gisway Information Technology Co Debt-to-Equity Historical Data

The historical data trend for Hangzhou Gisway Information 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.

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Hangzhou Gisway Information Technology Co Debt-to-Equity Chart

Hangzhou Gisway Information Technology Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.12

0.04

0.01

0.04

0.01

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

Competitive Comparison of Hangzhou Gisway Information Technology Co's Debt-to-Equity

For the Information Technology Services subindustry, Hangzhou Gisway Information 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.

Hangzhou Gisway Information Technology Co's Debt-to-Equity Distribution in the Software Industry

For the Software industry and Technology sector, Hangzhou Gisway Information Technology Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Hangzhou Gisway Information Technology Co's Debt-to-Equity falls into.

Hangzhou Gisway Information Technology Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Hangzhou Gisway Information 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
	=	(4.257	+	0.386)	/	949.92
	=	0.00

Hangzhou Gisway Information 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
	=	(3.574	+	1.437)	/	939.859
	=	0.01

Hangzhou Gisway Information Technology Co (SZSE:301390) 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.

Hangzhou Gisway Information Technology Co Debt-to-Equity Related Terms

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Hangzhou Gisway Information Technology Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Hangzhou Gisway Information Technology Co Ltd (SZSE:301390) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

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Address

No. 1899, Gudun Road, Room 626-628, 6th Floor, Building A1, Liangzhu, Yuhang District, Zhejiang Province, Hangzhou, CHN, 311100

Website

https://www.gisway.com.cn

Hangzhou Gisway Information Technology Co Ltd mainly provides integrated power technology services such as power engineering consulting design, construction, operation and maintenance, energy saving, and electricity sales for customers such as power grids and affiliated enterprises, government agencies, and industrial and commercial enterprises. The company's business segment includes 3DGIS Smart Service, Power Integration Service, and Integrated Energy Services.

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