China Bester Group Telecom Co (SHSE:603220) Debt-to-Equity : 1.15 (As of Mar. 2024)

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What is China Bester Group Telecom Co Debt-to-Equity?

China Bester Group Telecom Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥1,397 Mil. China Bester Group Telecom Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥888 Mil. China Bester Group Telecom Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥1,985 Mil. China Bester Group Telecom Co's debt to equity for the quarter that ended in Mar. 2024 was 1.15.

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 Bester Group Telecom Co's Debt-to-Equity or its related term are showing as below:

SHSE:603220' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.05 Med: 0.17 Max: 1.15
Current: 1.15

During the past 10 years, the highest Debt-to-Equity Ratio of China Bester Group Telecom Co was 1.15. The lowest was 0.05. And the median was 0.17.

SHSE:603220's Debt-to-Equity is ranked worse than
69.88% of 342 companies
in the Telecommunication Services industry
Industry Median: 0.64 vs SHSE:603220: 1.15

China Bester Group Telecom Co Debt-to-Equity Historical Data

The historical data trend for China Bester Group Telecom 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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China Bester Group Telecom Co Debt-to-Equity Chart

China Bester Group Telecom Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.06

0.11

0.22

0.38

0.97

China Bester Group Telecom Co Quarterly Data
	Jun19	Sep19	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															0.44	0.54	0.69	0.97	1.15

Competitive Comparison of China Bester Group Telecom Co's Debt-to-Equity

For the Telecom Services subindustry, China Bester Group Telecom 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 Bester Group Telecom Co's Debt-to-Equity Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, China Bester Group Telecom Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where China Bester Group Telecom Co's Debt-to-Equity falls into.

China Bester Group Telecom Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

China Bester Group Telecom 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
	=	(1174.442	+	714.345)	/	1939.959
	=	0.97

China Bester Group Telecom 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
	=	(1396.506	+	888.252)	/	1985.027
	=	1.15

China Bester Group Telecom Co (SHSE:603220) 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 Bester Group Telecom Co Debt-to-Equity Related Terms

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China Bester Group Telecom Co (SHSE:603220) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » China Bester Group Telecom Co Ltd (SHSE:603220) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

No. 25, Jiangxing Road, Building C, Jianghan Economic Development Zone, Wuhan, Hubei, CHN, 430023

Website

http://www.whbester.com

China Bester Group Telecom Co Ltd formerly known as Wuhan Bester Group Telecom Co Ltd is specialized in communications network technology services. It is engaged in planning, design, construction, maintenance, and optimization of communications networks for telecom operators in China. It offers full-service information solutions for governments, industries and enterprises. Further it offers personalized information services to the public.

Executives

Feng Gang	Director
Yu Shi Liang	senior management
Li Yun	Directors, senior managers
Li Liu Bing	Directors, senior managers
Li Wei Jian	senior management
Tang Hai Bin	Supervisors
Wu Yan Qin	Director
Rao You Gen	senior management
Cheng De Song	senior management

China Bester Group Telecom Co (SHSE:603220) Headlines

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