Goneo Group Co (SHSE:603195) Debt-to-Equity : 0.08 (As of Sep. 2023)

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What is Goneo Group Co Debt-to-Equity?

Goneo Group Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ¥1,029 Mil. Goneo Group Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ¥4 Mil. Goneo Group Co's Total Stockholders Equity for the quarter that ended in Sep. 2023 was ¥13,358 Mil. Goneo Group Co's debt to equity for the quarter that ended in Sep. 2023 was 0.08.

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

SHSE:603195' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.09 Max: 0.22
Current: 0.08

During the past 8 years, the highest Debt-to-Equity Ratio of Goneo Group Co was 0.22. The lowest was 0.00. And the median was 0.09.

SHSE:603195's Debt-to-Equity is ranked better than
78.21% of 2621 companies
in the Industrial Products industry
Industry Median: 0.28 vs SHSE:603195: 0.08

Goneo Group Co Debt-to-Equity Historical Data

The historical data trend for Goneo Group 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.

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Goneo Group Co Debt-to-Equity Chart

Goneo Group Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Debt-to-Equity

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0.08

0.11

0.07

Goneo Group Co Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial															0.10	0.07	0.07	0.09	0.08

Competitive Comparison of Goneo Group Co's Debt-to-Equity

For the Electrical Equipment & Parts subindustry, Goneo Group 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.

Goneo Group Co's Debt-to-Equity Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Goneo Group Co's Debt-to-Equity distribution charts can be found below:

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

Goneo Group Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Goneo Group Co's Debt to Equity Ratio for the fiscal year that ended in Dec. 2022 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
	=	(854.173	+	4.545)	/	12398.866
	=	0.07

Goneo Group Co's Debt to Equity Ratio for the quarter that ended in Sep. 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
	=	(1028.91	+	4.432)	/	13358.192
	=	0.08

Goneo Group Co (SHSE:603195) 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.

Goneo Group Co Debt-to-Equity Related Terms

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Goneo Group Co (SHSE:603195) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Goneo Group Co Ltd (SHSE:603195) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

No. 32 Sanhai Road, East Guanhaiwei Industrial Zone, Guanhaiwei Town, Zhejiang Province, Cixi, CHN, 315314

Website

http://www.gongniu.cn

Gongniu Group Co Ltd is engaged in the research, development, manufacture, and sale of civil electrical products such as extended line sockets, wall switches, LED lighting, and digital accessories. The company's products include Power Strips, High-end Power Strip, USB Power Strip, Digital Accessories, Decorative Switch Socket, and Eye-care LED Light.

Goneo Group Co (SHSE:603195) Headlines

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