Longduoduo Co (Longduoduo Co) Debt-to-Equity : 0.00 (As of Dec. 2023)

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What is Longduoduo Co Debt-to-Equity?

Longduoduo Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.00 Mil. Longduoduo Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.00 Mil. Longduoduo Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $-0.10 Mil. Longduoduo Co's debt to equity for the quarter that ended in Dec. 2023 was 0.00.

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

LDDD' s Debt-to-Equity Range Over the Past 10 Years
Min: -0.27 Med: -0.19 Max: -0.01
Current: -0.14

During the past 3 years, the highest Debt-to-Equity Ratio of Longduoduo Co was -0.01. The lowest was -0.27. And the median was -0.19.

LDDD's Debt-to-Equity is not ranked
in the Medical Diagnostics & Research industry.
Industry Median: 0.22 vs LDDD: -0.14

Longduoduo Co Debt-to-Equity Historical Data

The historical data trend for Longduoduo 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.

Longduoduo Co Debt-to-Equity Chart

Longduoduo Co Annual Data

Trend

Jun21

Jun22

Jun23

Debt-to-Equity

-0.27

-0.20

-0.03

Longduoduo Co Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial						-0.24	-0.01	-0.03	-	-

Competitive Comparison of Longduoduo Co's Debt-to-Equity

For the Diagnostics & Research subindustry, Longduoduo 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.

Longduoduo Co's Debt-to-Equity Distribution in the Medical Diagnostics & Research Industry

For the Medical Diagnostics & Research industry and Healthcare sector, Longduoduo Co's Debt-to-Equity distribution charts can be found below:

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

Longduoduo Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Longduoduo Co's Debt to Equity Ratio for the fiscal year that ended in Jun. 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
	=	(0.007	+	0.007)	/	-0.542
	=	-0.03

Longduoduo 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
	=	(0	+	0)	/	-0.103
	=	0.00

Longduoduo Co (OTCPK:LDDD) 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.

Longduoduo Co Debt-to-Equity Related Terms

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Longduoduo Co (Longduoduo Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Diagnostics & Research » Longduoduo Co Ltd (OTCPK:LDDD) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Ordos Street, 419, Floor 4, Comprehensive Building, Second Light Hospital, Yuquan District, Inner Mongolia, Hohhot, CHN, 010000

Website

http://www.longduoduo.net

Longduoduo Co Ltd through its operating subsidiaries engaged in the business of providing preventive healthcare solutions. It provides a wide range of comprehensive preventive healthcare services including disease screening, healthcare treatments, healthcare products, and other services. The company mainly focuses on the prevention of myocardial infarction, cerebral infarction, hemiplegia, and cardiovascular and cerebrovascular diseases. The company's revenues are generated from its customers in the People's Republic of China.

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