Lanpec Technologies Co (SHSE:601798) Debt-to-Equity : 0.38 (As of Mar. 2024)

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What is Lanpec Technologies Co Debt-to-Equity?

Lanpec Technologies Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥444 Mil. Lanpec Technologies Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥40 Mil. Lanpec Technologies Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥1,278 Mil. Lanpec Technologies Co's debt to equity for the quarter that ended in Mar. 2024 was 0.38.

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

SHSE:601798' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.17 Med: 0.33 Max: 0.41
Current: 0.38

During the past 13 years, the highest Debt-to-Equity Ratio of Lanpec Technologies Co was 0.41. The lowest was 0.17. And the median was 0.33.

SHSE:601798's Debt-to-Equity is ranked better than
54.37% of 835 companies
in the Oil & Gas industry
Industry Median: 0.45 vs SHSE:601798: 0.38

Lanpec Technologies Co Debt-to-Equity Historical Data

The historical data trend for Lanpec Technologies 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.

Lanpec Technologies Co Debt-to-Equity Chart

Lanpec Technologies Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

0.34

0.30

0.35

0.38

Lanpec Technologies 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															0.36	0.38	0.34	0.38	0.38

Competitive Comparison of Lanpec Technologies Co's Debt-to-Equity

For the Oil & Gas Equipment & Services subindustry, Lanpec Technologies 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.

Lanpec Technologies Co's Debt-to-Equity Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Lanpec Technologies Co's Debt-to-Equity distribution charts can be found below:

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

Lanpec Technologies Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Lanpec Technologies 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
	=	(443.518	+	40.219)	/	1284.942
	=	0.38

Lanpec Technologies 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
	=	(443.59	+	40.219)	/	1277.732
	=	0.38

Lanpec Technologies Co (SHSE:601798) 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.

Lanpec Technologies Co Debt-to-Equity Related Terms

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Lanpec Technologies Co (SHSE:601798) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Lanpec Technologies Co Ltd (SHSE:601798) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 338 Wanxin Road, Anning District, Lanzhou, CHN, 730070

Website

http://www.lanpec.com

Lanpec Technologies Co Ltd is engaged in the oil drilling machinery and equipment, refining and chemical equipment, marine and desert petroleum equipment and engineering, refining and chemical processing, and light industry and food machinery research.

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