Bethel Automotivefety Systems Co (SHSE:603596) Debt-to-Equity : 0.07 (As of Mar. 2024)

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What is Bethel Automotivefety Systems Co Debt-to-Equity?

Bethel Automotivefety Systems Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥337 Mil. Bethel Automotivefety Systems Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥62 Mil. Bethel Automotivefety Systems Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥5,914 Mil. Bethel Automotivefety Systems Co's debt to equity for the quarter that ended in Mar. 2024 was 0.07.

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

SHSE:603596' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.16 Max: 0.32
Current: 0.07

During the past 11 years, the highest Debt-to-Equity Ratio of Bethel Automotivefety Systems Co was 0.32. The lowest was 0.01. And the median was 0.16.

SHSE:603596's Debt-to-Equity is ranked better than
87.07% of 1176 companies
in the Vehicles & Parts industry
Industry Median: 0.48 vs SHSE:603596: 0.07

Bethel Automotivefety Systems Co Debt-to-Equity Historical Data

The historical data trend for Bethel Automotivefety Systems 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.

Bethel Automotivefety Systems Co Debt-to-Equity Chart

Bethel Automotivefety Systems Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.10

0.01

0.26

0.16

0.06

Bethel Automotivefety Systems 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															0.16	0.17	0.19	0.06	0.07

Competitive Comparison of Bethel Automotivefety Systems Co's Debt-to-Equity

For the Auto Parts subindustry, Bethel Automotivefety Systems 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.

Bethel Automotivefety Systems Co's Debt-to-Equity Distribution in the Vehicles & Parts Industry

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

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

Bethel Automotivefety Systems Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Bethel Automotivefety Systems 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
	=	(286.661	+	61.768)	/	5677.111
	=	0.06

Bethel Automotivefety Systems 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
	=	(336.761	+	61.651)	/	5914.464
	=	0.07

Bethel Automotivefety Systems Co (SHSE:603596) 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.

Bethel Automotivefety Systems Co Debt-to-Equity Related Terms

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Bethel Automotivefety Systems Co (SHSE:603596) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Bethel Automotive Safety Systems Co Ltd (SHSE:603596) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

No. 19, Taishan Road, Economic and Technological Development Zone, Anhui Province, Wuhu, CHN, 241009

Website

http://www.btl-auto.com

Bethel Automotive Safety Systems Co Ltd is a China based company engaged in manufacturing and marketing of automotive safety systems. Its products include passenger car and commercial vehicle front and rear disc brakes, drum brakes, rear integrated parking brake, rear disc brake drum, brake master cylinder, vacuum booster, cast aluminum steering knuckle and others.

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