Luohe Letone Hydraulics Technology Co (BJSE:832225) Debt-to-Equity : 0.03 (As of Mar. 2024)

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What is Luohe Letone Hydraulics Technology Co Debt-to-Equity?

Luohe Letone Hydraulics Technology Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥8.1 Mil. Luohe Letone Hydraulics Technology Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥10.3 Mil. Luohe Letone Hydraulics Technology Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥609.2 Mil. Luohe Letone Hydraulics Technology Co's debt to equity for the quarter that ended in Mar. 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 Luohe Letone Hydraulics Technology Co's Debt-to-Equity or its related term are showing as below:

BJSE:832225' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.11 Max: 0.4
Current: 0.03

During the past 12 years, the highest Debt-to-Equity Ratio of Luohe Letone Hydraulics Technology Co was 0.40. The lowest was 0.00. And the median was 0.11.

BJSE:832225's Debt-to-Equity is ranked better than
93.74% of 831 companies
in the Oil & Gas industry
Industry Median: 0.44 vs BJSE:832225: 0.03

Luohe Letone Hydraulics Technology Co Debt-to-Equity Historical Data

The historical data trend for Luohe Letone Hydraulics 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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Luohe Letone Hydraulics Technology Co Debt-to-Equity Chart

Luohe Letone Hydraulics Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.21

0.22

0.08

0.01

0.03

Luohe Letone Hydraulics Technology Co Quarterly Data
	Dec18	Jun19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															-	-	0.04	0.03	0.03

Competitive Comparison of Luohe Letone Hydraulics Technology Co's Debt-to-Equity

For the Oil & Gas Equipment & Services subindustry, Luohe Letone Hydraulics 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.

Luohe Letone Hydraulics Technology Co's Debt-to-Equity Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Luohe Letone Hydraulics Technology Co's Debt-to-Equity distribution charts can be found below:

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

Luohe Letone Hydraulics Technology Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Luohe Letone Hydraulics 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
	=	(8.123	+	8.505)	/	590.579
	=	0.03

Luohe Letone Hydraulics Technology 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
	=	(8.059	+	10.341)	/	609.192
	=	0.03

Luohe Letone Hydraulics Technology Co (BJSE:832225) 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.

Luohe Letone Hydraulics Technology Co Debt-to-Equity Related Terms

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Luohe Letone Hydraulics Technology Co (BJSE:832225) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Luohe Letone Hydraulics Technology Co Ltd (BJSE:832225) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

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Address

No. 88, Dongfanghong Road, National Luohe Economic and Technological Development Zone, Henan Province, Luohe City, CHN, 462000

Website

https://www.letone.cn

Luohe Letone Hydraulics Technology Co Ltd is engaged in research and development, production, and sales of rubber hydraulic hoses. It is focused on polymer material blending, polymer material modification, hydraulic hoses, oil drilling hoses, fracturing hoses, rubber-plastic composite hoses, ultra-high pressure resin hoses, and fluid connections. It provides high-efficiency solutions for fluid transportation, high-performance solutions for polymer material blends, and high-efficiency transportation for shale oil and gas stimulation and acid fracturing pipelines.

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