Zhejiang Dingli Machinery Co (SHSE:603338) Debt-to-Equity : 0.12 (As of Mar. 2024)

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What is Zhejiang Dingli Machinery Co Debt-to-Equity?

Zhejiang Dingli Machinery Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥658 Mil. Zhejiang Dingli Machinery Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥429 Mil. Zhejiang Dingli Machinery Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥9,174 Mil. Zhejiang Dingli Machinery Co's debt to equity for the quarter that ended in Mar. 2024 was 0.12.

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 Zhejiang Dingli Machinery Co's Debt-to-Equity or its related term are showing as below:

SHSE:603338' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.13 Max: 0.24
Current: 0.12

During the past 13 years, the highest Debt-to-Equity Ratio of Zhejiang Dingli Machinery Co was 0.24. The lowest was 0.00. And the median was 0.13.

SHSE:603338's Debt-to-Equity is ranked better than
80.85% of 188 companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 0.395 vs SHSE:603338: 0.12

Zhejiang Dingli Machinery Co Debt-to-Equity Historical Data

The historical data trend for Zhejiang Dingli Machinery 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.

Zhejiang Dingli Machinery Co Debt-to-Equity Chart

Zhejiang Dingli Machinery Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.15

0.11

0.20

0.22

0.15

Zhejiang Dingli Machinery 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															0.22	0.20	0.24	0.15	0.12

Competitive Comparison of Zhejiang Dingli Machinery Co's Debt-to-Equity

For the Farm & Heavy Construction Machinery subindustry, Zhejiang Dingli Machinery 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.

Zhejiang Dingli Machinery Co's Debt-to-Equity Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Zhejiang Dingli Machinery Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Zhejiang Dingli Machinery Co's Debt-to-Equity falls into.

Zhejiang Dingli Machinery Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Zhejiang Dingli Machinery 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
	=	(826.373	+	499.954)	/	8965.234
	=	0.15

Zhejiang Dingli Machinery 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
	=	(657.724	+	428.619)	/	9174.455
	=	0.12

Zhejiang Dingli Machinery Co (SHSE:603338) 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.

Zhejiang Dingli Machinery Co Debt-to-Equity Related Terms

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Zhejiang Dingli Machinery Co (SHSE:603338) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Zhejiang Dingli Machinery Co Ltd (SHSE:603338) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

No.1255, Baiyun South Road, Leidian Town, Deqing, CHN, 313219

Website

http://www.chinadinli.com

Zhejiang Dingli Machinery Co Ltd is engaged in research and development, manufacturing, sales and service of various types of aerial work platforms. The company's main products cover arm, scissor and mast type with self Walking control intelligence, safety and environmental protection, large coverage. Its products are mainly used in aircraft and shipbuilding and maintenance, construction and installation, roads, bridge construction, municipal engineering, storage supermarkets and other fields.

Zhejiang Dingli Machinery Co (SHSE:603338) Headlines

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