Shengyi Technology Co (SHSE:600183) Debt-to-Equity : 0.23 (As of Mar. 2024)

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What is Shengyi Technology Co Debt-to-Equity?

Shengyi Technology Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥2,515 Mil. Shengyi Technology Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥848 Mil. Shengyi Technology Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥14,391 Mil. Shengyi Technology Co's debt to equity for the quarter that ended in Mar. 2024 was 0.23.

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

SHSE:600183' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.23 Med: 0.42 Max: 0.64
Current: 0.23

During the past 13 years, the highest Debt-to-Equity Ratio of Shengyi Technology Co was 0.64. The lowest was 0.23. And the median was 0.42.

SHSE:600183's Debt-to-Equity is ranked better than
57.08% of 2195 companies
in the Hardware industry
Industry Median: 0.29 vs SHSE:600183: 0.23

Shengyi Technology Co Debt-to-Equity Historical Data

The historical data trend for Shengyi 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.

Shengyi Technology Co Debt-to-Equity Chart

Shengyi Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

0.30

0.36

0.30

0.36

0.28

Shengyi Technology Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	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															0.33	0.35	0.33	0.28	0.23

Competitive Comparison of Shengyi Technology Co's Debt-to-Equity

For the Electronic Components subindustry, Shengyi 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.

Shengyi Technology Co's Debt-to-Equity Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Shengyi Technology Co's Debt-to-Equity distribution charts can be found below:

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

Shengyi Technology Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Shengyi 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
	=	(2531.967	+	1326.423)	/	13983.416
	=	0.28

Shengyi 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
	=	(2515.395	+	848.153)	/	14390.777
	=	0.23

Shengyi Technology Co (SHSE:600183) 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.

Shengyi Technology Co Debt-to-Equity Related Terms

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Shengyi Technology Co (SHSE:600183) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Shengyi Technology Co Ltd (SHSE:600183) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

Mo.411, Guansui Avenue, Guangdong Province, Dongguan, CHN

Website

http://www.syst.com.cn

Shengyi Technology Co Ltd is a China-based copper clad laminate company. Some of the products manufactured by the company are FR-4, CEM-1, CEM-3 and Prepreg. Its products are mainly used for making the single side, double-sided and multilayer printed circuits boards. The company sells its products in China and also exports to international countries like the United States, Europe, Singapore, Malaysia, and South Korea.

Shengyi Technology Co (SHSE:600183) Headlines

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