Shenzhen Inovance Technology Co (SZSE:300124) Debt-to-Equity : 0.19 (As of Mar. 2024)

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What is Shenzhen Inovance Technology Co Debt-to-Equity?

Shenzhen Inovance Technology Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥2,250 Mil. Shenzhen Inovance Technology Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥2,621 Mil. Shenzhen Inovance Technology Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥25,323 Mil. Shenzhen Inovance Technology Co's debt to equity for the quarter that ended in Mar. 2024 was 0.19.

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 Shenzhen Inovance Technology Co's Debt-to-Equity or its related term are showing as below:

SZSE:300124' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.14 Max: 0.28
Current: 0.19

During the past 13 years, the highest Debt-to-Equity Ratio of Shenzhen Inovance Technology Co was 0.28. The lowest was 0.00. And the median was 0.14.

SZSE:300124's Debt-to-Equity is ranked better than
61.94% of 2622 companies
in the Industrial Products industry
Industry Median: 0.29 vs SZSE:300124: 0.19

Shenzhen Inovance Technology Co Debt-to-Equity Historical Data

The historical data trend for Shenzhen Inovance 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.

Shenzhen Inovance Technology Co Debt-to-Equity Chart

Shenzhen Inovance Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.20

0.18

0.12

0.25

0.18

Shenzhen Inovance Technology 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															0.21	0.21	0.21	0.18	0.19

Competitive Comparison of Shenzhen Inovance Technology Co's Debt-to-Equity

For the Electrical Equipment & Parts subindustry, Shenzhen Inovance 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.

Shenzhen Inovance Technology Co's Debt-to-Equity Distribution in the Industrial Products Industry

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

* The bar in red indicates where Shenzhen Inovance Technology Co's Debt-to-Equity falls into.

Shenzhen Inovance Technology Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Shenzhen Inovance Technology 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
	=	(1880.561	+	2431.857)	/	24481.894
	=	0.18

Shenzhen Inovance Technology 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
	=	(2249.981	+	2621.474)	/	25323.329
	=	0.19

Shenzhen Inovance Technology Co (SZSE:300124) 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.

Shenzhen Inovance Technology Co Debt-to-Equity Related Terms

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Shenzhen Inovance Technology Co (SZSE:300124) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Shenzhen Inovance Technology Co Ltd (SZSE:300124) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

Liuxian Road No. 70, Building E, Hongwei Industrial Park, Baocheng District, Shenzhen, CHN, 518101

Website

http://www.inovance.cn

Founded in 2003 by a group of ex-engineers from Huawei and Emerson, Shenzhen Inovance Technology develops and manufactures components used in elevators, automation equipment, robots, new energy vehicles, and railways. A partial list of products includes variable frequency drives--also known as inverters--servo systems, sensors, interfaces and motor controllers. Inovance employs about 20,000 staff, including over 4,700 research and development engineers. About 95% of Inovance's sales are made in China. Its headquarters are in Shenzhen with a large regional office in Suzhou, and these major offices are supported by over 10 branches across China.

Shenzhen Inovance Technology Co (SZSE:300124) Headlines

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