Ningbo Yunsheng Co (SHSE:600366) Debt-to-Equity : 0.27 (As of Mar. 2024)

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What is Ningbo Yunsheng Co Debt-to-Equity?

Ningbo Yunsheng Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥626 Mil. Ningbo Yunsheng Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥943 Mil. Ningbo Yunsheng Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥5,910 Mil. Ningbo Yunsheng Co's debt to equity for the quarter that ended in Mar. 2024 was 0.27.

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

SHSE:600366' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.09 Med: 0.19 Max: 0.45
Current: 0.27

During the past 13 years, the highest Debt-to-Equity Ratio of Ningbo Yunsheng Co was 0.45. The lowest was 0.09. And the median was 0.19.

SHSE:600366's Debt-to-Equity is ranked better than
52.72% of 2629 companies
in the Industrial Products industry
Industry Median: 0.29 vs SHSE:600366: 0.27

Ningbo Yunsheng Co Debt-to-Equity Historical Data

The historical data trend for Ningbo Yunsheng 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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Ningbo Yunsheng Co Debt-to-Equity Chart

Ningbo Yunsheng Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.17

0.19

0.29

0.32

0.21

Ningbo Yunsheng 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															0.20	0.33	0.32	0.21	0.27

Competitive Comparison of Ningbo Yunsheng Co's Debt-to-Equity

For the Tools & Accessories subindustry, Ningbo Yunsheng 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.

Ningbo Yunsheng Co's Debt-to-Equity Distribution in the Industrial Products Industry

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

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

Ningbo Yunsheng Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Ningbo Yunsheng 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
	=	(528.06	+	699)	/	5907.747
	=	0.21

Ningbo Yunsheng 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
	=	(625.831	+	942.97)	/	5909.688
	=	0.27

Ningbo Yunsheng Co (SHSE:600366) 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.

Ningbo Yunsheng Co Debt-to-Equity Related Terms

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Ningbo Yunsheng Co (SHSE:600366) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Ningbo Yunsheng Co Ltd (SHSE:600366) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

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Address

No. 1 Yangfan Road, New and High-Technology Development Zone, Ningbo, Zhejiang, CHN, 315040

Website

http://www.yunsheng.com

Ningbo Yunsheng Co Ltd is engaged in the research and development, manufacture, and sale of rare earth permanent magnet materials. Its products include Radiation ring splicing assembly, Plane rotor assembly, Laminated magnetic steel assembly, Permanent magnet rotor assembly for servo motor. Its products are widely used in electronic information, industrial equipment, automotive, medical and other fields which are exported to Europe, the United States and Southeast Asian countries and regions.

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