IKD Co (SHSE:600933) Debt-to-Equity : 0.49 (As of Mar. 2024)

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What is IKD Co Debt-to-Equity?

IKD Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥1,911 Mil. IKD Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥1,869 Mil. IKD Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥7,758 Mil. IKD Co's debt to equity for the quarter that ended in Mar. 2024 was 0.49.

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

SHSE:600933' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.07 Max: 0.57
Current: 0.49

During the past 11 years, the highest Debt-to-Equity Ratio of IKD Co was 0.57. The lowest was 0.00. And the median was 0.07.

SHSE:600933's Debt-to-Equity is ranked worse than
51.49% of 1175 companies
in the Vehicles & Parts industry
Industry Median: 0.47 vs SHSE:600933: 0.49

IKD Co Debt-to-Equity Historical Data

The historical data trend for IKD 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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IKD Co Debt-to-Equity Chart

IKD Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.01

0.18

0.52

0.49

IKD 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															0.57	0.57	0.55	0.49	0.49

Competitive Comparison of IKD Co's Debt-to-Equity

For the Auto Parts subindustry, IKD 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.

IKD Co's Debt-to-Equity Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, IKD Co's Debt-to-Equity distribution charts can be found below:

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

IKD Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

IKD 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
	=	(1465.561	+	1642.651)	/	6328.364
	=	0.49

IKD 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
	=	(1911.281	+	1868.638)	/	7758.246
	=	0.49

IKD Co (SHSE:600933) 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.

IKD Co Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of IKD Co's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

IKD Co (SHSE:600933) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » IKD Co Ltd (SHSE:600933) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

No. 588 Jin Shan Road, Jiangbei Investment Pioneering Park, Zhejiang Province, Ningbo, CHN, 315033

Website

http://www.ikd-china.com

IKD Co Ltd is engaged in manufacturing of aluminum die casting products. The company is mainly engaged in the research and development, production and sales of automotive aluminum alloy precision casting. The production process covers the whole process of the design and development of die-casting tooling, die casting, trimming, heat treatment, precision machining, surface treatment and assembly. Its main products include automotive wiper system, transmission system, steering system, engine system, air condition system, commercial vehicle braking system.

Executives

Wu Fei	Supervisors
Dong Li Ping	Directors, senior managers
Fu Long Zhu	senior management
Zhang Jian Cheng	Directors, senior managers
Yang Neng Zhong	Directors, senior managers
Yu Guo Hua	Directors, senior managers
Xi Hai Jun	senior management
Li Jian Jun	senior management
He Sheng Hua	senior management
Zhao Jun	Supervisors
Wu Miao Xin	senior management
Sheng Hong	Director

IKD Co (SHSE:600933) Headlines

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