AVIC Airborne Systems Co (SHSE:600372) Debt-to-Equity : 0.28 (As of Mar. 2024)

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What is AVIC Airborne Systems Co Debt-to-Equity?

AVIC Airborne Systems Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥6,176 Mil. AVIC Airborne Systems Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥3,973 Mil. AVIC Airborne Systems Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥36,464 Mil. AVIC Airborne Systems Co's debt to equity for the quarter that ended in Mar. 2024 was 0.28.

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

SHSE:600372' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.25 Med: 0.83 Max: 1.11
Current: 0.28

During the past 13 years, the highest Debt-to-Equity Ratio of AVIC Airborne Systems Co was 1.11. The lowest was 0.25. And the median was 0.83.

SHSE:600372's Debt-to-Equity is ranked better than
62.02% of 258 companies
in the Aerospace & Defense industry
Industry Median: 0.44 vs SHSE:600372: 0.28

AVIC Airborne Systems Co Debt-to-Equity Historical Data

The historical data trend for AVIC Airborne Systems 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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AVIC Airborne Systems Co Debt-to-Equity Chart

AVIC Airborne Systems Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.86

0.36

0.39

0.41

0.25

AVIC Airborne Systems 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															0.49	0.27	0.30	0.25	0.28

Competitive Comparison of AVIC Airborne Systems Co's Debt-to-Equity

For the Aerospace & Defense subindustry, AVIC Airborne Systems 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.

AVIC Airborne Systems Co's Debt-to-Equity Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, AVIC Airborne Systems Co's Debt-to-Equity distribution charts can be found below:

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

AVIC Airborne Systems Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

AVIC Airborne Systems 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
	=	(4674.165	+	4390.41)	/	36083.479
	=	0.25

AVIC Airborne Systems 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
	=	(6175.884	+	3973.295)	/	36464.486
	=	0.28

AVIC Airborne Systems Co (SHSE:600372) 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.

AVIC Airborne Systems Co Debt-to-Equity Related Terms

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AVIC Airborne Systems Co (SHSE:600372) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » AVIC Airborne Systems Co Ltd (SHSE:600372) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jinghai 2nd Road, Beijing Economic and Technological Development Zone, Building 8, Yard 29, Beijing, CHN

Website

http://www.avic.com.cn

AVIC Airborne Systems Co Ltd Formerly China Avionics Systems Co Ltd engages in the research and development, production, sale, and services of engine auxiliary machinery systems and equipment for aviation. The company has aviation and armament equipment, military transport aircraft, helicopters, airborne systems and auto parts, general aviation, aviation research, flight testing, aviation supply chain and military trade, asset management, finance, engineering construction, automotive and other industries. The company also provides property leasing, technical, and consultancy services.

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