China Machinery Huanyu Certification and Inspection Co (SZSE:301508) Debt-to-Equity : 0.01 (As of Mar. 2024)

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What is China Machinery Huanyu Certification and Inspection Co Debt-to-Equity?

China Machinery Huanyu Certification and Inspection Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥6.7 Mil. China Machinery Huanyu Certification and Inspection Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥3.8 Mil. China Machinery Huanyu Certification and Inspection Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥1,922.9 Mil. China Machinery Huanyu Certification and Inspection Co's debt to equity for the quarter that ended in Mar. 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 China Machinery Huanyu Certification and Inspection Co's Debt-to-Equity or its related term are showing as below:

SZSE:301508' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.01 Max: 0.02
Current: 0.01

During the past 5 years, the highest Debt-to-Equity Ratio of China Machinery Huanyu Certification and Inspection Co was 0.02. The lowest was 0.01. And the median was 0.01.

SZSE:301508's Debt-to-Equity is ranked better than
99.89% of 918 companies
in the Business Services industry
Industry Median: 0.375 vs SZSE:301508: 0.01

China Machinery Huanyu Certification and Inspection Co Debt-to-Equity Historical Data

The historical data trend for China Machinery Huanyu Certification and Inspection 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.

China Machinery Huanyu Certification and Inspection Co Debt-to-Equity Chart

China Machinery Huanyu Certification and Inspection Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

0.02

0.01

China Machinery Huanyu Certification and Inspection Co Quarterly Data
	Dec19	Dec20	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial							-	0.01	0.01	0.01	0.01

Competitive Comparison of China Machinery Huanyu Certification and Inspection Co's Debt-to-Equity

For the Specialty Business Services subindustry, China Machinery Huanyu Certification and Inspection 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.

China Machinery Huanyu Certification and Inspection Co's Debt-to-Equity Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, China Machinery Huanyu Certification and Inspection Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where China Machinery Huanyu Certification and Inspection Co's Debt-to-Equity falls into.

China Machinery Huanyu Certification and Inspection Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

China Machinery Huanyu Certification and Inspection 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
	=	(6.681	+	4.324)	/	1895.409
	=	0.01

China Machinery Huanyu Certification and Inspection 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
	=	(6.746	+	3.756)	/	1922.881
	=	0.01

China Machinery Huanyu Certification and Inspection Co (SZSE:301508) 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.

China Machinery Huanyu Certification and Inspection Co Debt-to-Equity Related Terms

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China Machinery Huanyu Certification and Inspection Co (SZSE:301508) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » China Machinery Huanyu Certification and Inspection Co Ltd (SZSE:301508) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 32, Tianrong Street, Beizangcun Town, Daxing, Beijing, CHN, 102609

Website

http://www.cmhci.com.cn

China Machinery Huanyu Certification and Inspection Co Ltd provides Product inspection and testing services for complete automobiles, military equipment, engineering machinery, special equipment, civil aviation ground equipment, parts and components, as well as certification services such as product certification, system certification and service certification.

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