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CIMCfeway Technologies Co (SZSE:301559) Debt-to-Equity : 0.03 (As of Jun. 2024)


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What is CIMCfeway Technologies Co Debt-to-Equity?

CIMCfeway Technologies Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was ¥46 Mil. CIMCfeway Technologies Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was ¥70 Mil. CIMCfeway Technologies Co's Total Stockholders Equity for the quarter that ended in Jun. 2024 was ¥4,515 Mil. CIMCfeway Technologies Co's debt to equity for the quarter that ended in Jun. 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 CIMCfeway Technologies Co's Debt-to-Equity or its related term are showing as below:

SZSE:301559' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.03   Med: 0.06   Max: 0.15
Current: 0.03

During the past 6 years, the highest Debt-to-Equity Ratio of CIMCfeway Technologies Co was 0.15. The lowest was 0.03. And the median was 0.06.

SZSE:301559's Debt-to-Equity is ranked better than
92.39% of 355 companies
in the Packaging & Containers industry
Industry Median: 0.44 vs SZSE:301559: 0.03

CIMCfeway Technologies Co Debt-to-Equity Historical Data

The historical data trend for CIMCfeway Technologies 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.

CIMCfeway Technologies Co Debt-to-Equity Chart

CIMCfeway Technologies Co Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-Equity
Get a 7-Day Free Trial 0.07 0.09 0.12 0.05 0.03

CIMCfeway Technologies Co Quarterly Data
Dec18 Dec19 Dec20 Jun21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
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 0.05 0.03 0.03 0.03 0.03

Competitive Comparison of CIMCfeway Technologies Co's Debt-to-Equity

For the Packaging & Containers subindustry, CIMCfeway Technologies 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.


CIMCfeway Technologies Co's Debt-to-Equity Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, CIMCfeway Technologies Co's Debt-to-Equity distribution charts can be found below:

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



CIMCfeway Technologies Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

CIMCfeway Technologies Co's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

CIMCfeway Technologies Co's Debt to Equity Ratio for the quarter that ended in Jun. 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.


CIMCfeway Technologies Co  (SZSE:301559) 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.


CIMCfeway Technologies Co Debt-to-Equity Related Terms

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CIMCfeway Technologies Co Business Description

Traded in Other Exchanges
N/A
Address
No. 159, Chenggang Road, Jiangsu, Nantong, CHN, 226003
CIMC Safeway Technologies Co Ltd is engaged in the Design, development, manufacturing and sales of tank containers.

CIMCfeway Technologies Co Headlines

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