Dawning Information Industry Co (SHSE:603019) Debt-to-Equity : 0.14 (As of Mar. 2024)

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What is Dawning Information Industry Co Debt-to-Equity?

Dawning Information Industry Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥1,596 Mil. Dawning Information Industry Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥1,079 Mil. Dawning Information Industry Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥18,796 Mil. Dawning Information Industry Co's debt to equity for the quarter that ended in Mar. 2024 was 0.14.

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

SHSE:603019' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.05 Med: 0.42 Max: 1.14
Current: 0.14

During the past 13 years, the highest Debt-to-Equity Ratio of Dawning Information Industry Co was 1.14. The lowest was 0.05. And the median was 0.42.

SHSE:603019's Debt-to-Equity is ranked better than
68.15% of 2198 companies
in the Hardware industry
Industry Median: 0.28 vs SHSE:603019: 0.14

Dawning Information Industry Co Debt-to-Equity Historical Data

The historical data trend for Dawning Information Industry 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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Dawning Information Industry Co Debt-to-Equity Chart

Dawning Information Industry Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.60

0.05

0.10

0.14

0.15

Dawning Information Industry 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															0.14	0.14	0.17	0.15	0.14

Competitive Comparison of Dawning Information Industry Co's Debt-to-Equity

For the Computer Hardware subindustry, Dawning Information Industry 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.

Dawning Information Industry Co's Debt-to-Equity Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Dawning Information Industry Co's Debt-to-Equity distribution charts can be found below:

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

Dawning Information Industry Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Dawning Information Industry 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
	=	(1446.146	+	1312.511)	/	18649.894
	=	0.15

Dawning Information Industry 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
	=	(1596.29	+	1079.087)	/	18796.264
	=	0.14

Dawning Information Industry Co (SHSE:603019) 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.

Dawning Information Industry Co Debt-to-Equity Related Terms

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Dawning Information Industry Co (SHSE:603019) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Dawning Information Industry Co Ltd (SHSE:603019) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

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Address

Sugon Buliding, No.36 Zhongguancun Software Prak, No.8 Dongbeiwang West Road, Haidian District, Beijing, CHN, 100193

Website

http://www.sugon.com

Dawning Information Industry Co Ltd is a China-based company engages in the manufacturing and selling of computers and servers. The company also provides industrial solutions and cloud computing services. Its products include server products, safety products, high-performance computing products, infrastructure, storage products, and cloud computing products. It offers integrated information services such as cloud computing and large data, software development, system integration and technical services.

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