Wuhan Yifi Laser (SHSE:688646) Debt-to-Equity : 0.14 (As of Mar. 2024)

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What is Wuhan Yifi Laser Debt-to-Equity?

Wuhan Yifi Laser's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥224.2 Mil. Wuhan Yifi Laser's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥0.1 Mil. Wuhan Yifi Laser's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥1,652.0 Mil. Wuhan Yifi Laser's debt to equity for the quarter that ended in Mar. 2024 was 0.14.

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 Wuhan Yifi Laser's Debt-to-Equity or its related term are showing as below:

SHSE:688646' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.04 Med: 0.16 Max: 0.29
Current: 0.14

During the past 5 years, the highest Debt-to-Equity Ratio of Wuhan Yifi Laser was 0.29. The lowest was 0.04. And the median was 0.16.

SHSE:688646's Debt-to-Equity is ranked better than
68.24% of 2629 companies
in the Industrial Products industry
Industry Median: 0.29 vs SHSE:688646: 0.14

Wuhan Yifi Laser Debt-to-Equity Historical Data

The historical data trend for Wuhan Yifi Laser'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.

Wuhan Yifi Laser Debt-to-Equity Chart

Wuhan Yifi Laser Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

0.13

0.11

0.15

0.24

0.17

Wuhan Yifi Laser Quarterly Data
	Dec19	Dec20	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial								0.29	0.20	0.04	0.17	0.14

Competitive Comparison of Wuhan Yifi Laser's Debt-to-Equity

For the Specialty Industrial Machinery subindustry, Wuhan Yifi Laser'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.

Wuhan Yifi Laser's Debt-to-Equity Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Wuhan Yifi Laser's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Wuhan Yifi Laser's Debt-to-Equity falls into.

Wuhan Yifi Laser Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Wuhan Yifi Laser'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
	=	(279.153	+	0.112)	/	1665.485
	=	0.17

Wuhan Yifi Laser'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
	=	(224.162	+	0.084)	/	1651.963
	=	0.14

Wuhan Yifi Laser (SHSE:688646) 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.

Wuhan Yifi Laser Debt-to-Equity Related Terms

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Wuhan Yifi Laser (SHSE:688646) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Wuhan Yifi Laser Corp Ltd (SHSE:688646) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 999 Gaoxin Avenue, Room 1101, Building C1, Phase I, Longshan Innovation Park, Wuhan Future Science and Technology City, East Lake High-tech Development Zone, Hubei, Wuhan, CHN, 430000

Website

http://www.yifilaser.com

Wuhan Yifi Laser Corp Ltd is engaged in Research and development, design, production and sales of precision laser processing intelligent equipment.

Wuhan Yifi Laser (SHSE:688646) Headlines

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