Shenzhen Kingdom Sci-tech Co (SHSE:600446) Debt-to-Equity : 0.37 (As of Mar. 2024)

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What is Shenzhen Kingdom Sci-tech Co Debt-to-Equity?

Shenzhen Kingdom Sci-tech Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥1,387 Mil. Shenzhen Kingdom Sci-tech Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥24 Mil. Shenzhen Kingdom Sci-tech Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥3,826 Mil. Shenzhen Kingdom Sci-tech Co's debt to equity for the quarter that ended in Mar. 2024 was 0.37.

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 Shenzhen Kingdom Sci-tech Co's Debt-to-Equity or its related term are showing as below:

SHSE:600446' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.11 Med: 0.37 Max: 0.58
Current: 0.37

During the past 13 years, the highest Debt-to-Equity Ratio of Shenzhen Kingdom Sci-tech Co was 0.58. The lowest was 0.11. And the median was 0.37.

SHSE:600446's Debt-to-Equity is ranked worse than
63.59% of 2222 companies
in the Software industry
Industry Median: 0.21 vs SHSE:600446: 0.37

Shenzhen Kingdom Sci-tech Co Debt-to-Equity Historical Data

The historical data trend for Shenzhen Kingdom Sci-tech 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.

Shenzhen Kingdom Sci-tech Co Debt-to-Equity Chart

Shenzhen Kingdom Sci-tech Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.49

0.38

0.25

0.35

Shenzhen Kingdom Sci-tech 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															0.29	0.36	0.44	0.35	0.37

Competitive Comparison of Shenzhen Kingdom Sci-tech Co's Debt-to-Equity

For the Software - Application subindustry, Shenzhen Kingdom Sci-tech 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.

Shenzhen Kingdom Sci-tech Co's Debt-to-Equity Distribution in the Software Industry

For the Software industry and Technology sector, Shenzhen Kingdom Sci-tech Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Shenzhen Kingdom Sci-tech Co's Debt-to-Equity falls into.

Shenzhen Kingdom Sci-tech Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Shenzhen Kingdom Sci-tech 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
	=	(1324.032	+	28.545)	/	3902.895
	=	0.35

Shenzhen Kingdom Sci-tech 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
	=	(1386.743	+	24.315)	/	3825.621
	=	0.37

Shenzhen Kingdom Sci-tech Co (SHSE:600446) 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.

Shenzhen Kingdom Sci-tech Co Debt-to-Equity Related Terms

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Shenzhen Kingdom Sci-tech Co (SHSE:600446) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Shenzhen Kingdom Sci-tech Co Ltd (SHSE:600446) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

the 9th high-South Road, Shenzhen Science and Technology Parks, Nanshan District, Shenzhen, CHN, 518026

Website

http://www.szkingdom.com

Shenzhen Kingdom Sci-tech Co Ltd operates as a financial technology company in China. It offers software in the fields of securities, funds, banking, futures, insurance, trust, integrated finance, and regulatory agencies.

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