Jiangsu DINGS Intelligent Control Technology Co (BJSE:873593) Debt-to-Equity : 0.01 (As of Mar. 2024)

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What is Jiangsu DINGS Intelligent Control Technology Co Debt-to-Equity?

Jiangsu DINGS Intelligent Control Technology Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥6.0 Mil. Jiangsu DINGS Intelligent Control Technology Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥0.1 Mil. Jiangsu DINGS Intelligent Control Technology Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥672.0 Mil. Jiangsu DINGS Intelligent Control Technology Co's debt to equity for the quarter that ended in Mar. 2024 was 0.01.

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 Jiangsu DINGS Intelligent Control Technology Co's Debt-to-Equity or its related term are showing as below:

BJSE:873593' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.03 Max: 0.06
Current: 0.01

During the past 5 years, the highest Debt-to-Equity Ratio of Jiangsu DINGS Intelligent Control Technology Co was 0.06. The lowest was 0.01. And the median was 0.03.

BJSE:873593's Debt-to-Equity is ranked better than
99.96% of 2630 companies
in the Industrial Products industry
Industry Median: 0.29 vs BJSE:873593: 0.01

Jiangsu DINGS Intelligent Control Technology Co Debt-to-Equity Historical Data

The historical data trend for Jiangsu DINGS Intelligent Control 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.

Jiangsu DINGS Intelligent Control Technology Co Debt-to-Equity Chart

Jiangsu DINGS Intelligent Control Technology Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Debt-to-Equity

0.05

0.06

Jiangsu DINGS Intelligent Control Technology Co Quarterly Data
	Dec18	Dec19	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													0.05	0.02	0.01	0.01	0.01

Competitive Comparison of Jiangsu DINGS Intelligent Control Technology Co's Debt-to-Equity

For the Electrical Equipment & Parts subindustry, Jiangsu DINGS Intelligent Control 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.

Jiangsu DINGS Intelligent Control Technology Co's Debt-to-Equity Distribution in the Industrial Products Industry

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

* The bar in red indicates where Jiangsu DINGS Intelligent Control Technology Co's Debt-to-Equity falls into.

Jiangsu DINGS Intelligent Control Technology Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Jiangsu DINGS Intelligent Control 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
	=	(11.763	+	3.438)	/	268.459
	=	0.06

Jiangsu DINGS Intelligent Control 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
	=	(5.983	+	0.061)	/	672.042
	=	0.01

Jiangsu DINGS Intelligent Control Technology Co (BJSE:873593) 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.

Jiangsu DINGS Intelligent Control Technology Co Debt-to-Equity Related Terms

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Jiangsu DINGS Intelligent Control Technology Co (BJSE:873593) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Jiangsu DINGS Intelligent Control Technology Co Ltd (BJSE:873593) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

No. 355, Longjin Road, Lucheng Street, Changzhou Economic Development Zone, Jiangsu Province, Nanjing, CHN, 213000

Website

https://www.dingsmotion.cn

Jiangsu DINGS Intelligent Control Technology Co Ltd engages in the design, development, production, and sales of linear actuators, hybrid stepper motors, DC motors, voice coil motors, and their components. Its product offering comprises Stepper Lead Screw Linear Actuator, Stepper Ball Screw Linear Actuator, PM Linear Actuator, Hybrid Rotary Stepper Motor., Hollow Shaft Stepper Motor, Brushless DC Motor, Slotless Brushless DC Motor, Voice Coil Motor, Motion Controller, Customization Options, Gripper, and DLM Series.

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