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Beijing United Information Technology Co (SHSE:603613) Debt-to-Equity : 0.31 (As of Mar. 2024)


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What is Beijing United Information Technology Co Debt-to-Equity?

Beijing United Information Technology Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥2,065 Mil. Beijing United Information Technology Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥22 Mil. Beijing United Information Technology Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥6,836 Mil. Beijing United Information Technology Co's debt to equity for the quarter that ended in Mar. 2024 was 0.31.

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

SHSE:603613' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.08   Med: 0.3   Max: 0.46
Current: 0.31

During the past 12 years, the highest Debt-to-Equity Ratio of Beijing United Information Technology Co was 0.46. The lowest was 0.08. And the median was 0.30.

SHSE:603613's Debt-to-Equity is ranked worse than
59.21% of 2216 companies
in the Software industry
Industry Median: 0.21 vs SHSE:603613: 0.31

Beijing United Information Technology Co Debt-to-Equity Historical Data

The historical data trend for Beijing United Information 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.

* Premium members only.

Beijing United Information Technology Co Debt-to-Equity Chart

Beijing United Information Technology Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.23 0.11 0.21 0.25 0.33

Beijing United Information Technology 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.30 0.36 0.30 0.33 0.31

Competitive Comparison of Beijing United Information Technology Co's Debt-to-Equity

For the Information Technology Services subindustry, Beijing United Information 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.


Beijing United Information Technology Co's Debt-to-Equity Distribution in the Software Industry

For the Software industry and Technology sector, Beijing United Information Technology Co's Debt-to-Equity distribution charts can be found below:

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



Beijing United Information Technology Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Beijing United Information Technology Co's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Beijing United Information Technology Co's Debt to Equity Ratio for the quarter that ended in Mar. 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.


Beijing United Information Technology Co  (SHSE:603613) 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.


Beijing United Information Technology Co Debt-to-Equity Related Terms

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Beijing United Information Technology Co (SHSE:603613) Business Description

Traded in Other Exchanges
N/A
Address
No. 1, Shangdi Information Road, Building 703, Building 1, Haidian District, Beijing, CHN
Beijing United Information Technology Co Ltd operates business to business e-commerce platform. The company provides online commodity trading, commercial information services and Internet technology for industrial products and raw materials for related industries.It also provides online commodity trading services for upstream and downstream industries such as coating chemicals, sanitary products and glass, including self-operated e-commerce, third-party e-commerce and SaaS services.
Executives
Liu Quan Director
Liu Jun Zhai Director
Wang Ting Director
Liu Yuan Director
Pan Yong Directors, senior managers
Tian Tao Directors, senior managers
Liu Rui Supervisors
Qian Xiao Jun Directors, senior managers

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