Jiangsu Zhongtian Technology Co (SHSE:600522) Debt-to-Equity : 0.16 (As of Mar. 2024)

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What is Jiangsu Zhongtian Technology Co Debt-to-Equity?

Jiangsu Zhongtian Technology Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥4,193 Mil. Jiangsu Zhongtian Technology Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥1,222 Mil. Jiangsu Zhongtian Technology Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥33,782 Mil. Jiangsu Zhongtian Technology Co's debt to equity for the quarter that ended in Mar. 2024 was 0.16.

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

SHSE:600522' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.08 Med: 0.18 Max: 0.4
Current: 0.16

During the past 13 years, the highest Debt-to-Equity Ratio of Jiangsu Zhongtian Technology Co was 0.40. The lowest was 0.08. And the median was 0.18.

SHSE:600522's Debt-to-Equity is ranked better than
65.42% of 2626 companies
in the Industrial Products industry
Industry Median: 0.29 vs SHSE:600522: 0.16

Jiangsu Zhongtian Technology Co Debt-to-Equity Historical Data

The historical data trend for Jiangsu Zhongtian 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.

Jiangsu Zhongtian Technology Co Debt-to-Equity Chart

Jiangsu Zhongtian Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.29

0.27

0.20

0.17

Jiangsu Zhongtian 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															0.17	0.16	0.16	0.17	0.16

Competitive Comparison of Jiangsu Zhongtian Technology Co's Debt-to-Equity

For the Electrical Equipment & Parts subindustry, Jiangsu Zhongtian 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.

Jiangsu Zhongtian Technology Co's Debt-to-Equity Distribution in the Industrial Products Industry

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

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

Jiangsu Zhongtian Technology Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Jiangsu Zhongtian 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
	=	(4253.788	+	1446.149)	/	33159.072
	=	0.17

Jiangsu Zhongtian 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
	=	(4193.14	+	1221.582)	/	33781.915
	=	0.16

Jiangsu Zhongtian Technology Co (SHSE:600522) 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.

Jiangsu Zhongtian Technology Co Debt-to-Equity Related Terms

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Jiangsu Zhongtian Technology Co (SHSE:600522) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Jiangsu Zhongtian Technology Co Ltd (SHSE:600522) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

Nantong Economic and Technology Development Zone, Jiangsu, Nantong, CHN, 226009

Website

http://www.chinaztt.com

Jiangsu Zhongtian Technology Co Ltd is a China-based company engaged in the manufacturing and distribution of fiber-optic-communication and power-transmission products. Its products include power cables, fittings, insulators, arresters; conductors, aluminum-clad steel wires, transformers, and power switch gears; optical fibers, optical fiber cables, coaxial cables, and antennas; and submarine composite and FO cables, submarine cable accessories, and ROV cables. The company also offers marine and offshore cables; lithium-ion batteries, solar cell backsheets, and photovoltaic technology products; alloy materials; an optical fiber and optical cable machines.

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