China Zhenhua (Group) Science & Technology Co (SZSE:000733) Debt-to-Equity : 0.11 (As of Sep. 2023)

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What is China Zhenhua (Group) Science & Technology Co Debt-to-Equity?

China Zhenhua (Group) Science & Technology Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ¥631 Mil. China Zhenhua (Group) Science & Technology Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ¥831 Mil. China Zhenhua (Group) Science & Technology Co's Total Stockholders Equity for the quarter that ended in Sep. 2023 was ¥13,734 Mil. China Zhenhua (Group) Science & Technology Co's debt to equity for the quarter that ended in Sep. 2023 was 0.11.

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 China Zhenhua (Group) Science & Technology Co's Debt-to-Equity or its related term are showing as below:

SZSE:000733' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.1 Med: 0.28 Max: 0.53
Current: 0.11

During the past 13 years, the highest Debt-to-Equity Ratio of China Zhenhua (Group) Science & Technology Co was 0.53. The lowest was 0.10. And the median was 0.28.

SZSE:000733's Debt-to-Equity is ranked better than
72.11% of 2194 companies
in the Hardware industry
Industry Median: 0.28 vs SZSE:000733: 0.11

China Zhenhua (Group) Science & Technology Co Debt-to-Equity Historical Data

The historical data trend for China Zhenhua (Group) Science & Technology 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.

China Zhenhua (Group) Science & Technology Co Debt-to-Equity Chart

China Zhenhua (Group) Science & Technology Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Debt-to-Equity

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0.51

0.31

0.25

0.17

0.13

China Zhenhua (Group) Science & Technology 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															0.12	0.13	0.13	0.14	0.11

Competitive Comparison of China Zhenhua (Group) Science & Technology Co's Debt-to-Equity

For the Communication Equipment subindustry, China Zhenhua (Group) Science & Technology 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.

China Zhenhua (Group) Science & Technology Co's Debt-to-Equity Distribution in the Hardware Industry

For the Hardware industry and Technology sector, China Zhenhua (Group) Science & Technology Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where China Zhenhua (Group) Science & Technology Co's Debt-to-Equity falls into.

China Zhenhua (Group) Science & Technology Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

China Zhenhua (Group) Science & Technology 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
	=	(457.275	+	799.883)	/	9755.986
	=	0.13

China Zhenhua (Group) Science & Technology 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
	=	(630.788	+	830.903)	/	13734.357
	=	0.11

China Zhenhua (Group) Science & Technology Co (SZSE:000733) 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.

China Zhenhua (Group) Science & Technology Co Debt-to-Equity Related Terms

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China Zhenhua (Group) Science & Technology Co (SZSE:000733) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » China Zhenhua (Group) Science & Technology Co Ltd (SZSE:000733) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

No. 268, North Section, Xin Tim Road, Wudang District, Guizhou Province, Guiyang, CHN, 550018

Website

http://www.czst.com.cn

China Zhenhua (Group) Science & Technology Co Ltd operates in the electronic components business. The business activities are functioned through four sectors namely Electronic Components, Electronic Materials, Complete Machines and Systems, and Modern Service Industries. Geographically the business is functioned through the region of China.

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