Shanghai Chenguang Medical Technologies Co (BJSE:430300) Debt-to-Equity : 0.51 (As of Mar. 2024)

View and export this data going back to 2022. Start your Free Trial

What is Shanghai Chenguang Medical Technologies Co Debt-to-Equity?

Shanghai Chenguang Medical Technologies Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥111.3 Mil. Shanghai Chenguang Medical Technologies Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥30.8 Mil. Shanghai Chenguang Medical Technologies Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥279.9 Mil. Shanghai Chenguang Medical Technologies Co's debt to equity for the quarter that ended in Mar. 2024 was 0.51.

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 Shanghai Chenguang Medical Technologies Co's Debt-to-Equity or its related term are showing as below:

BJSE:430300' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.14 Med: 0.38 Max: 0.53
Current: 0.51

During the past 13 years, the highest Debt-to-Equity Ratio of Shanghai Chenguang Medical Technologies Co was 0.53. The lowest was 0.14. And the median was 0.38.

BJSE:430300's Debt-to-Equity is ranked worse than
67.3% of 2630 companies
in the Industrial Products industry
Industry Median: 0.29 vs BJSE:430300: 0.51

Shanghai Chenguang Medical Technologies Co Debt-to-Equity Historical Data

The historical data trend for Shanghai Chenguang Medical Technologies 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.

Shanghai Chenguang Medical Technologies Co Debt-to-Equity Chart

Shanghai Chenguang Medical Technologies Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

0.53

0.52

0.41

0.30

0.50

Shanghai Chenguang Medical Technologies 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															0.29	0.31	0.38	0.50	0.51

Competitive Comparison of Shanghai Chenguang Medical Technologies Co's Debt-to-Equity

For the Electrical Equipment & Parts subindustry, Shanghai Chenguang Medical Technologies 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.

Shanghai Chenguang Medical Technologies Co's Debt-to-Equity Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Shanghai Chenguang Medical Technologies Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Shanghai Chenguang Medical Technologies Co's Debt-to-Equity falls into.

Shanghai Chenguang Medical Technologies Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Shanghai Chenguang Medical Technologies 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
	=	(115.648	+	29.693)	/	288.98
	=	0.50

Shanghai Chenguang Medical Technologies 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
	=	(111.299	+	30.836)	/	279.925
	=	0.51

Shanghai Chenguang Medical Technologies Co (BJSE:430300) 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.

Shanghai Chenguang Medical Technologies Co Debt-to-Equity Related Terms

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

Shanghai Chenguang Medical Technologies Co (BJSE:430300) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Shanghai Chenguang Medical Technologies Co Ltd (BJSE:430300) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

No. 1269, Huaqing Road, Qingpu District, Shanghai, CHN, 201707

Website

http://www.shanghaicg.net

Shanghai Chenguang Medical Technologies Co Ltd engages in research and development, production, and sales of the core hardware of medical imaging superconducting MRI equipment and special magnets in the field of scientific research. The company's product system covers hardware of superconducting MRI devices, including: RF detectors, superconducting magnets, gradient coils, RF amplifiers, gradient amplifiers.

Shanghai Chenguang Medical Technologies Co (BJSE:430300) Headlines

No Headlines