Haier Smart Home Co (SHSE:600690) Debt-to-Equity : 0.34 (As of Dec. 2023)

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What is Haier Smart Home Co Debt-to-Equity?

Haier Smart Home Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ¥14,051 Mil. Haier Smart Home Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ¥21,223 Mil. Haier Smart Home Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was ¥103,514 Mil. Haier Smart Home Co's debt to equity for the quarter that ended in Dec. 2023 was 0.34.

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 Haier Smart Home Co's Debt-to-Equity or its related term are showing as below:

SHSE:600690' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.15 Med: 0.44 Max: 1.39
Current: 0.34

During the past 13 years, the highest Debt-to-Equity Ratio of Haier Smart Home Co was 1.39. The lowest was 0.15. And the median was 0.44.

SHSE:600690's Debt-to-Equity is ranked better than
52.48% of 383 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 0.35 vs SHSE:600690: 0.34

Haier Smart Home Co Debt-to-Equity Historical Data

The historical data trend for Haier Smart Home 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.

Haier Smart Home Co Debt-to-Equity Chart

Haier Smart Home Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.80

0.54

0.33

0.35

0.34

Haier Smart Home Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															0.35	0.35	0.36	0.35	0.34

Competitive Comparison of Haier Smart Home Co's Debt-to-Equity

For the Furnishings, Fixtures & Appliances subindustry, Haier Smart Home 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.

Haier Smart Home Co's Debt-to-Equity Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Haier Smart Home Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Haier Smart Home Co's Debt-to-Equity falls into.

Haier Smart Home Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Haier Smart Home 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
	=	(14050.902	+	21223.104)	/	103514.154
	=	0.34

Haier Smart Home Co's Debt to Equity Ratio for the quarter 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
	=	(14050.902	+	21223.104)	/	103514.154
	=	0.34

Haier Smart Home Co (SHSE:600690) 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.

Haier Smart Home Co Debt-to-Equity Related Terms

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

Haier Smart Home Co (SHSE:600690) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Haier Smart Home Co Ltd (SHSE:600690) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

HSHCY:USA HRSHF:USA 06690:Hong Kong 690D:Germany

Address

Haier Industrial Park, Laoshan District, Shandong Province, Qingdao, CHN, 266101

Website

https://smart-home.haier.com/cn

Haier Smart Home Co Ltd manufactures and distributes household electrical appliances. It offers products such as refrigerators, air conditioners, washing machine, microwave ovens, smoke exhausters, gas stoves, dishwashers, electrical water heaters and others under the brand name Haier, Casarte, Leader, AQUA and Fisher & Paykel. The company has three business segments namely China smart home business: Overseas home appliance and smart home business segment Other business segments. The products of the group are traded in mainland China and in other overseas markets including Hong Kong, Macau, and Taiwan.

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