Dirui Industrial Co (SZSE:300396) Debt-to-Equity : 0.15 (As of Mar. 2024)

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What is Dirui Industrial Co Debt-to-Equity?

Dirui Industrial Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥322 Mil. Dirui Industrial Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥4 Mil. Dirui Industrial Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥2,160 Mil. Dirui Industrial Co's debt to equity for the quarter that ended in Mar. 2024 was 0.15.

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 Dirui Industrial Co's Debt-to-Equity or its related term are showing as below:

SZSE:300396' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.11 Max: 0.3
Current: 0.15

During the past 13 years, the highest Debt-to-Equity Ratio of Dirui Industrial Co was 0.30. The lowest was 0.01. And the median was 0.11.

SZSE:300396's Debt-to-Equity is ranked better than
62.69% of 193 companies
in the Medical Diagnostics & Research industry
Industry Median: 0.23 vs SZSE:300396: 0.15

Dirui Industrial Co Debt-to-Equity Historical Data

The historical data trend for Dirui Industrial 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.

Dirui Industrial Co Debt-to-Equity Chart

Dirui Industrial Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.05

0.09

0.08

0.19

0.16

Dirui Industrial 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															0.18	0.17	0.17	0.16	0.15

Competitive Comparison of Dirui Industrial Co's Debt-to-Equity

For the Diagnostics & Research subindustry, Dirui Industrial 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.

Dirui Industrial Co's Debt-to-Equity Distribution in the Medical Diagnostics & Research Industry

For the Medical Diagnostics & Research industry and Healthcare sector, Dirui Industrial Co's Debt-to-Equity distribution charts can be found below:

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

Dirui Industrial Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Dirui Industrial 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
	=	(322.46	+	3.667)	/	2039.281
	=	0.16

Dirui Industrial 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
	=	(321.71	+	4.4)	/	2159.56
	=	0.15

Dirui Industrial Co (SZSE:300396) 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.

Dirui Industrial Co Debt-to-Equity Related Terms

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

Dirui Industrial Co (SZSE:300396) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Diagnostics & Research » Dirui Industrial Co Ltd (SZSE:300396) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

3333 Yiju Street, New&High Tech. Development Zone, Jilin, Changchun, CHN, 130103

Website

http://www.dirui.com.cn

Dirui Industrial Co Ltd is a supplier of laboratory solutions. It is engaged in research and development, manufacturing, and sales of diagnostic products including laboratory equipment and clinical diagnostic reagents. Dirui's collective product portfolio represents complete laboratory solutions for the in-vitro diagnostic areas of hematology, clinical chemistry, and urinalysis. The company offers chemistry, hematology, urine, and vaginal infection analyzers. It also provides reagents and consumables, such as chemical reagents and detergents, chemistry quality controls/calibrators, ISE reagents, hematology analyzer reagents, urine sediment analyzer reagents, urinalysis controls and strips, and automatic urine analyzer detergents.

Executives

Song Jie	Director
Li Jing	Executives
Wang Yun Li	Supervisors
Song Yong	Director
Sui Jian Qiang	Executives

Dirui Industrial Co (SZSE:300396) Headlines

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