BGRIMM Technology Co (SHSE:600980) Debt-to-Equity : 0.01 (As of Mar. 2024)

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What is BGRIMM Technology Co Debt-to-Equity?

BGRIMM Technology Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥4.3 Mil. BGRIMM Technology Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥2.7 Mil. BGRIMM Technology Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥1,319.2 Mil. BGRIMM Technology Co's debt to equity for the quarter that ended in Mar. 2024 was 0.01.

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

SHSE:600980' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.02 Max: 0.04
Current: 0.01

During the past 13 years, the highest Debt-to-Equity Ratio of BGRIMM Technology Co was 0.04. The lowest was 0.01. And the median was 0.02.

SHSE:600980's Debt-to-Equity is ranked better than
99.92% of 1301 companies
in the Metals & Mining industry
Industry Median: 0.13 vs SHSE:600980: 0.01

BGRIMM Technology Co Debt-to-Equity Historical Data

The historical data trend for BGRIMM 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.

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BGRIMM Technology Co Debt-to-Equity Chart

BGRIMM Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.03

0.01

BGRIMM 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															0.01	0.01	0.01	0.01	0.01

Competitive Comparison of BGRIMM Technology Co's Debt-to-Equity

For the Other Industrial Metals & Mining subindustry, BGRIMM 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.

BGRIMM Technology Co's Debt-to-Equity Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, BGRIMM Technology Co's Debt-to-Equity distribution charts can be found below:

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

BGRIMM Technology Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

BGRIMM 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
	=	(3.377	+	3.537)	/	1299.089
	=	0.01

BGRIMM 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
	=	(4.344	+	2.653)	/	1319.192
	=	0.01

BGRIMM Technology Co (SHSE:600980) 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.

BGRIMM Technology Co Debt-to-Equity Related Terms

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BGRIMM Technology Co (SHSE:600980) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » BGRIMM Technology Co Ltd (SHSE:600980) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

No. 188, South Fourth Ring Road West, 4th Floor, Building 23, Area 18, Fengtai District, Beijing, CHN, 100160

Website

http://www.magmat.com

BGRIMM Technology Co Ltd, formerly BGRIMM Magnetic Materials & Technology Co Ltd is a China-based company. Its business activities are divided into mining equipment and magnetic materials division. Mining equipment division is engaged in research and development, production, and supporting technical consulting services for mining equipment. Its business scope includes flotation equipment, magnetic separation equipment, ore dressing auxiliary equipment, leaching tanks and other mining and smelting products. Magnetic materials division is engaged in the research and development, production, sales and comprehensive services of magnetic materials and devices. Magnetic material products include sintering permanent magnet ferrite, injection magnetic, and magnetic information recording material.

Executives

Sheng Zhong Yi	Director
Lu Shi Jie	senior management
Ran Hong Xiang	senior management
Liu Yong Zhen	Director
Luo Xiu Jian	Director
Li Bing Shan	Director
Liang Dian Yin	Director
Li Hong Fa	senior management

BGRIMM Technology Co (SHSE:600980) Headlines

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