GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Jiangsu Riying Electronics Co Ltd (SHSE:603286) » Definitions » Debt-to-Equity

Jiangsu Riying Electronics Co (SHSE:603286) Debt-to-Equity : 0.56 (As of Mar. 2024)


View and export this data going back to 2017. Start your Free Trial

What is Jiangsu Riying Electronics Co Debt-to-Equity?

Jiangsu Riying Electronics Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥475.0 Mil. Jiangsu Riying Electronics Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥8.9 Mil. Jiangsu Riying Electronics Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥862.7 Mil. Jiangsu Riying Electronics Co's debt to equity for the quarter that ended in Mar. 2024 was 0.56.

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

SHSE:603286' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.12   Med: 0.31   Max: 1.07
Current: 0.56

During the past 12 years, the highest Debt-to-Equity Ratio of Jiangsu Riying Electronics Co was 1.07. The lowest was 0.12. And the median was 0.31.

SHSE:603286's Debt-to-Equity is ranked worse than
56.45% of 1171 companies
in the Vehicles & Parts industry
Industry Median: 0.47 vs SHSE:603286: 0.56

Jiangsu Riying Electronics Co Debt-to-Equity Historical Data

The historical data trend for Jiangsu Riying Electronics 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 Riying Electronics Co Debt-to-Equity Chart

Jiangsu Riying Electronics Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.25 0.26 0.48 0.86 0.58

Jiangsu Riying Electronics 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.05 1.07 0.60 0.58 0.56

Competitive Comparison of Jiangsu Riying Electronics Co's Debt-to-Equity

For the Auto Parts subindustry, Jiangsu Riying Electronics 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 Riying Electronics Co's Debt-to-Equity Distribution in the Vehicles & Parts Industry

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

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



Jiangsu Riying Electronics Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Jiangsu Riying Electronics Co's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Jiangsu Riying Electronics Co's Debt to Equity Ratio for the quarter that ended in Mar. 2024 is calculated as

* 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.


Jiangsu Riying Electronics Co  (SHSE:603286) 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 Riying Electronics Co Debt-to-Equity Related Terms

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


Jiangsu Riying Electronics Co (SHSE:603286) Business Description

Traded in Other Exchanges
N/A
Address
Hengshan Bridge Fangmao Village, Wujin District, Jiangsu Province, Changzhou City, CHN, 213119
Jiangsu Riying Electronics Co Ltd is engaged in the development of automotive and motorcycle related products and other related solutions in China. Its products mainly include automotive cleaning systems, precision injection molded parts, automotive electronics, automotive wiring harnesses and high voltage distribution boxes, ambient lights, and new energy chain.

Jiangsu Riying Electronics Co (SHSE:603286) Headlines

No Headlines