GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Net263 Ltd (SZSE:002467) » Definitions » Debt-to-Equity

Net263 (SZSE:002467) Debt-to-Equity : 0.03 (As of Mar. 2024)


View and export this data going back to 2010. Start your Free Trial

What is Net263 Debt-to-Equity?

Net263's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥31.3 Mil. Net263's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥27.0 Mil. Net263's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥1,844.7 Mil. Net263'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 Net263's Debt-to-Equity or its related term are showing as below:

SZSE:002467' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01   Med: 0.02   Max: 0.03
Current: 0.03

During the past 13 years, the highest Debt-to-Equity Ratio of Net263 was 0.03. The lowest was 0.01. And the median was 0.02.

SZSE:002467's Debt-to-Equity is ranked better than
95.32% of 342 companies
in the Telecommunication Services industry
Industry Median: 0.64 vs SZSE:002467: 0.03

Net263 Debt-to-Equity Historical Data

The historical data trend for Net263'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.

Net263 Debt-to-Equity Chart

Net263 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 - 0.02 0.03 0.03 0.03

Net263 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 0.02 0.02 0.03 0.03 0.03

Competitive Comparison of Net263's Debt-to-Equity

For the Telecom Services subindustry, Net263'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.


Net263's Debt-to-Equity Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Net263's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Net263's Debt-to-Equity falls into.



Net263 Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Net263's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Net263'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.


Net263  (SZSE:002467) 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.


Net263 Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Net263's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.


Net263 (SZSE:002467) Business Description

Traded in Other Exchanges
N/A
Address
13 East Chaoqian Road, Changping District, Beijing, CHN, 100013
Net263 Ltd provides value-added data and voice communication services in China.
Executives
Xin Wei Min Directors, executives
Yang Ping Yong Directors, executives
Wu Yi Bin Supervisors
Liang Jing Executives
Directors, executives
Lu Bing Director
Xiao Yuan Executives
Zhang Ke Independent director
Li Xiao Long Director
Wang Xue Si Supervisors
Yang Dan Executives
Huang Ming Sheng Director
Dong Gui Ying Executives
Liu Jiang Tao Directors, executives
Li Yu Jie Executives

Net263 (SZSE:002467) Headlines

No Headlines