Beijing Groundsun Technology Co (BJSE:873703) Debt-to-Equity : 0.01 (As of Mar. 2024)

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What is Beijing Groundsun Technology Co Debt-to-Equity?

Beijing Groundsun Technology Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥0.6 Mil. Beijing Groundsun Technology Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥6.3 Mil. Beijing Groundsun Technology Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥1,018.7 Mil. Beijing Groundsun 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 Beijing Groundsun Technology Co's Debt-to-Equity or its related term are showing as below:

BJSE:873703' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.01 Max: 0.01
Current: 0.01

During the past 11 years, the highest Debt-to-Equity Ratio of Beijing Groundsun Technology Co was 0.01. The lowest was 0.00. And the median was 0.01.

BJSE:873703's Debt-to-Equity is ranked better than
99.96% of 2631 companies
in the Industrial Products industry
Industry Median: 0.29 vs BJSE:873703: 0.01

Beijing Groundsun Technology Co Debt-to-Equity Historical Data

The historical data trend for Beijing Groundsun 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.

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Beijing Groundsun Technology Co Debt-to-Equity Chart

Beijing Groundsun Technology Co Annual Data

Trend

Dec14

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Dec16

Dec17

Dec18

Dec19

Dec20

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Dec22

Dec23

Debt-to-Equity

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0.01

Beijing Groundsun Technology Co Quarterly Data
	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															0.01	0.01	-	-	0.01

Competitive Comparison of Beijing Groundsun Technology Co's Debt-to-Equity

For the Specialty Industrial Machinery subindustry, Beijing Groundsun 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.

Beijing Groundsun Technology Co's Debt-to-Equity Distribution in the Industrial Products Industry

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

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

Beijing Groundsun Technology Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Beijing Groundsun 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
	=	(0.35	+	0)	/	930.086
	=	0.00

Beijing Groundsun 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
	=	(0.584	+	6.264)	/	1018.675
	=	0.01

Beijing Groundsun Technology Co (BJSE:873703) 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.

Beijing Groundsun Technology Co Debt-to-Equity Related Terms

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Beijing Groundsun Technology Co (BJSE:873703) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Beijing Groundsun Technology Co Ltd (BJSE:873703) » Definitions » Debt-to-Equity

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Traded in Other Exchanges

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Address

No. 6 Jinxing West Road, Room 702, Xingchuang Building, Daxing District, Beijing, CHN, 102627

Website

http://www.groundsun.com

Beijing Groundsun Technology Co Ltd is a national high-tech enterprise that specialized in heat transfer enhancement technology, equipment R&D, design and sale. Its products include Porous Coated Tube series, GTL-MCP Tube series, High Vacuum Condenser series, Corrugated Tube series, Powder Flow Heat Exchange, and others products as tower, storage vessel, separation vessel and high efficiency heat transfer equipment facilities. It also have a wide range of applications in global oil refining, Petrochemical, Coal Chemical, Soda Ash and other related industries.

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