Shanghai Conant Optical Co (HKSE:02276) Debt-to-Equity : 0.15 (As of Dec. 2023)

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What is Shanghai Conant Optical Co Debt-to-Equity?

Shanghai Conant Optical Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$106 Mil. Shanghai Conant Optical Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$129 Mil. Shanghai Conant Optical Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was HK$1,526 Mil. Shanghai Conant Optical Co's debt to equity for the quarter that ended in Dec. 2023 was 0.15.

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 Conant Optical Co's Debt-to-Equity or its related term are showing as below:

HKSE:02276' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.15 Med: 0.99 Max: 3.27
Current: 0.15

During the past 6 years, the highest Debt-to-Equity Ratio of Shanghai Conant Optical Co was 3.27. The lowest was 0.15. And the median was 0.99.

HKSE:02276's Debt-to-Equity is ranked better than
59.14% of 700 companies
in the Medical Devices & Instruments industry
Industry Median: 0.22 vs HKSE:02276: 0.15

Shanghai Conant Optical Co Debt-to-Equity Historical Data

The historical data trend for Shanghai Conant Optical 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 Conant Optical Co Debt-to-Equity Chart

Shanghai Conant Optical Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

1.78

1.34

0.64

0.31

0.15

Shanghai Conant Optical Co Semi-Annual Data
	Dec18	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial				0.64	0.45	0.31	0.25	0.15

Competitive Comparison of Shanghai Conant Optical Co's Debt-to-Equity

For the Medical Instruments & Supplies subindustry, Shanghai Conant Optical 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 Conant Optical Co's Debt-to-Equity Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Shanghai Conant Optical Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Shanghai Conant Optical Co's Debt-to-Equity falls into.

Shanghai Conant Optical Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Shanghai Conant Optical 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
	=	(105.683	+	129.428)	/	1525.712
	=	0.15

Shanghai Conant Optical Co's Debt to Equity Ratio for the quarter 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
	=	(105.683	+	129.428)	/	1525.712
	=	0.15

Shanghai Conant Optical Co (HKSE:02276) 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 Conant Optical Co Debt-to-Equity Related Terms

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Shanghai Conant Optical Co (HKSE:02276) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Shanghai Conant Optical Co Ltd (HKSE:02276) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Lane 83, Hongxiang North Road, 1st Floor, Building 36, No. 1-42, Lin-gang Special Area, Pilot Free Trade Zone, Shanghai, CHN

Website

http://www.conantoptical.com.cn

Shanghai Conant Optical Co Ltd is a resin spectacle lens manufacturer in China. The company offers a wide range of resin spectacle lenses to its customers including standardized lenses and customized lenses. The products are mainly resin spectacle lenses with the refractive index of 1.499, 1.56, 1.60, 1.67, and 1.74. The spectacle lenses is also be tinted or coated or cast with various films or coatings for added functionality, such as polarised, photochromic, blue-ray blocking, anti-scratch, anti-reflection and anti-smudge.

Executives

Fei Zhengxiang

2101 Beneficial owner

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