Googol Technology Co (SZSE:301510) Debt-to-Equity : 0.02 (As of Sep. 2024)

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What is Googol Technology Co Debt-to-Equity?

Googol Technology Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was ¥13.5 Mil. Googol Technology Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was ¥15.7 Mil. Googol Technology Co's Total Stockholders Equity for the quarter that ended in Sep. 2024 was ¥1,355.7 Mil. Googol Technology Co's debt to equity for the quarter that ended in Sep. 2024 was 0.02.

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

SZSE:301510' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.02 Max: 0.17
Current: 0.02

During the past 6 years, the highest Debt-to-Equity Ratio of Googol Technology Co was 0.17. The lowest was 0.01. And the median was 0.02.

SZSE:301510's Debt-to-Equity is ranked better than
93.67% of 2165 companies
in the Hardware industry
Industry Median: 0.28 vs SZSE:301510: 0.02

Googol Technology Co Debt-to-Equity Historical Data

The historical data trend for Googol 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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Googol Technology Co Debt-to-Equity Chart

Googol Technology Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

0.17

0.13

0.03

0.04

0.01

Googol Technology Co Quarterly Data
	Dec18	Dec19	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Debt-to-Equity	Get a 7-Day Free Trial												0.01	0.01	0.02	0.02	0.02

Competitive Comparison of Googol Technology Co's Debt-to-Equity

For the Electronic Components subindustry, Googol 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.

Googol Technology Co's Debt-to-Equity Distribution in the Hardware Industry

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

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

Googol Technology Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Googol 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
	=	(10.699	+	2.917)	/	1251.725
	=	0.01

Googol Technology Co's Debt to Equity Ratio for the quarter that ended in Sep. 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
	=	(13.501	+	15.745)	/	1355.711
	=	0.02

Googol Technology Co (SZSE:301510) 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.

Googol Technology Co Debt-to-Equity Related Terms

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Googol Technology Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Googol Technology Co Ltd (SZSE:301510) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

Shenzhen-Hong Kong Industry-University-Research Base, Room W211, 2nd Floor, West Building, High-tech Zone, Nanshan, South District, Guangdong, Shenzhen, CHN, 518057

Website

http://www.googoltech.com.cn

Googol Technology Co Ltd a high-tech enterprise engaged in the research and development of manufacturing core technologies, is one of the comprehensive solution providers for fully interconnected intelligent manufacturing at home and abroad. Googol Technology focuses on the core technology research in the five directions of motion control, servo drive, multi-dimensional perception, industrial field network and industrial software. The operation and control technology and products of Googol Technology are widely used in industrial control fields such as microelectronics, robots, CNC machine tools, electronic processing, testing, printing, packaging and production automation.

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