Tianjin 712 Communication & Broadcasting Co (SHSE:603712) Debt-to-Equity : 0.24 (As of Mar. 2024)

View and export this data going back to 2018. Start your Free Trial

What is Tianjin 712 Communication & Broadcasting Co Debt-to-Equity?

Tianjin 712 Communication & Broadcasting Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥315 Mil. Tianjin 712 Communication & Broadcasting Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥819 Mil. Tianjin 712 Communication & Broadcasting Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥4,686 Mil. Tianjin 712 Communication & Broadcasting Co's debt to equity for the quarter that ended in Mar. 2024 was 0.24.

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 Tianjin 712 Communication & Broadcasting Co's Debt-to-Equity or its related term are showing as below:

SHSE:603712' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.07 Med: 0.19 Max: 0.55
Current: 0.24

During the past 11 years, the highest Debt-to-Equity Ratio of Tianjin 712 Communication & Broadcasting Co was 0.55. The lowest was 0.07. And the median was 0.19.

SHSE:603712's Debt-to-Equity is ranked better than
55.91% of 2191 companies
in the Hardware industry
Industry Median: 0.29 vs SHSE:603712: 0.24

Tianjin 712 Communication & Broadcasting Co Debt-to-Equity Historical Data

The historical data trend for Tianjin 712 Communication & Broadcasting 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.

Tianjin 712 Communication & Broadcasting Co Debt-to-Equity Chart

Tianjin 712 Communication & Broadcasting Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

0.18

0.10

0.07

0.19

0.23

Tianjin 712 Communication & Broadcasting 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															0.19	0.21	0.17	0.23	0.24

Competitive Comparison of Tianjin 712 Communication & Broadcasting Co's Debt-to-Equity

For the Communication Equipment subindustry, Tianjin 712 Communication & Broadcasting 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.

Tianjin 712 Communication & Broadcasting Co's Debt-to-Equity Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Tianjin 712 Communication & Broadcasting Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Tianjin 712 Communication & Broadcasting Co's Debt-to-Equity falls into.

Tianjin 712 Communication & Broadcasting Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Tianjin 712 Communication & Broadcasting 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
	=	(314.899	+	763.986)	/	4668.339
	=	0.23

Tianjin 712 Communication & Broadcasting 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
	=	(314.983	+	819.486)	/	4685.76
	=	0.24

Tianjin 712 Communication & Broadcasting Co (SHSE:603712) 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.

Tianjin 712 Communication & Broadcasting Co Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Tianjin 712 Communication & Broadcasting Co's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Tianjin 712 Communication & Broadcasting Co (SHSE:603712) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Tianjin 712 Communication & Broadcasting Co Ltd (SHSE:603712) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

No. 141 North Main Street, Tianjin Economic and Technological Development Zone, West District, Tianjin, CHN, 300462

Website

http://www.712.cn

Tianjin 712 Communication & Broadcasting Co Ltd is a Chinese based company operates in communication equipment business. It is primarily involved in the research, development, production, and precision electronic product processing of civil communication equipment, trunking mobile communication system, maritime communication products, digital walkie-talkie and train wireless dispatching communication system equipment. Geographically, the operations are carried out through China.

Executives

Zhang Bao Zhu	senior management
Zhang Feng Xia	Supervisors
Xiao Peng	senior management
Pang Hui	Directors, senior managers
Ma Yan	senior management
Zhang Xin	Supervisors
Wang Bao	Director

Tianjin 712 Communication & Broadcasting Co (SHSE:603712) Headlines

No Headlines