Audiowell Electronics (Guangdong) Co (BJSE:832491) Debt-to-Equity : 0.06 (As of Mar. 2024)

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What is Audiowell Electronics (Guangdong) Co Debt-to-Equity?

Audiowell Electronics (Guangdong) Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥27.5 Mil. Audiowell Electronics (Guangdong) Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥28.4 Mil. Audiowell Electronics (Guangdong) Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥946.6 Mil. Audiowell Electronics (Guangdong) Co's debt to equity for the quarter that ended in Mar. 2024 was 0.06.

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 Audiowell Electronics (Guangdong) Co's Debt-to-Equity or its related term are showing as below:

BJSE:832491' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.05 Max: 0.13
Current: 0.06

During the past 12 years, the highest Debt-to-Equity Ratio of Audiowell Electronics (Guangdong) Co was 0.13. The lowest was 0.00. And the median was 0.05.

BJSE:832491's Debt-to-Equity is ranked better than
80.74% of 2191 companies
in the Hardware industry
Industry Median: 0.29 vs BJSE:832491: 0.06

Audiowell Electronics (Guangdong) Co Debt-to-Equity Historical Data

The historical data trend for Audiowell Electronics (Guangdong) 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.

Audiowell Electronics (Guangdong) Co Debt-to-Equity Chart

Audiowell Electronics (Guangdong) Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.04

0.07

0.06

Audiowell Electronics (Guangdong) Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															-	0.05	0.05	0.06	0.06

Competitive Comparison of Audiowell Electronics (Guangdong) Co's Debt-to-Equity

For the Scientific & Technical Instruments subindustry, Audiowell Electronics (Guangdong) 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.

Audiowell Electronics (Guangdong) Co's Debt-to-Equity Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Audiowell Electronics (Guangdong) Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Audiowell Electronics (Guangdong) Co's Debt-to-Equity falls into.

Audiowell Electronics (Guangdong) Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Audiowell Electronics (Guangdong) 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
	=	(27.628	+	28.641)	/	924.805
	=	0.06

Audiowell Electronics (Guangdong) 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
	=	(27.494	+	28.417)	/	946.555
	=	0.06

Audiowell Electronics (Guangdong) Co (BJSE:832491) 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.

Audiowell Electronics (Guangdong) Co Debt-to-Equity Related Terms

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Audiowell Electronics (Guangdong) Co (BJSE:832491) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Audiowell Electronics (Guangdong) Co Ltd (BJSE:832491) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 4, 3rd Street, Yinping Road, Shatou Street, Panyu District, Guangdong Province, Guangzhou City, CHN, 511400

Website

https://www.audiowellsensor.com

Audiowell Electronics (Guangdong) Co Ltd engages in the research, design, production, and sales of intelligent sensors, actuators, and related applications. Its main products include distance-measuring sensors, flow sensors, pressure touch sensors and actuators, atomization transducers, and modules, and alarm sounders.

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