Loongson Technology (SHSE:688047) Debt-to-Equity : 0.00 (As of Mar. 2024)

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What is Loongson Technology Debt-to-Equity?

Loongson Technology's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥8.5 Mil. Loongson Technology's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥0.8 Mil. Loongson Technology's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥3,473.5 Mil. Loongson Technology's debt to equity for the quarter that ended in Mar. 2024 was 0.00.

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

During the past 6 years, the highest Debt-to-Equity Ratio of Loongson Technology was 0.04. The lowest was 0.00. And the median was 0.01.

SHSE:688047's Debt-to-Equity is not ranked ^*
in the Semiconductors industry.
Industry Median: 0.27
* Ranked among companies with meaningful Debt-to-Equity only.

Loongson Technology Debt-to-Equity Historical Data

The historical data trend for Loongson Technology'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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Loongson Technology Debt-to-Equity Chart

Loongson Technology Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.03

0.01

0.03

Loongson Technology Quarterly Data
	Dec18	Dec19	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	0.04	0.03	-

Competitive Comparison of Loongson Technology's Debt-to-Equity

For the Semiconductors subindustry, Loongson Technology'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.

Loongson Technology's Debt-to-Equity Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Loongson Technology's Debt-to-Equity distribution charts can be found below:

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

Loongson Technology Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Loongson Technology'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
	=	(99.049	+	2.973)	/	3548.925
	=	0.03

Loongson Technology'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
	=	(8.545	+	0.83)	/	3473.472
	=	0.00

Loongson Technology (SHSE:688047) 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.

Loongson Technology Debt-to-Equity Related Terms

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Loongson Technology (SHSE:688047) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Loongson Technology Corp Ltd (SHSE:688047) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Yard 7, Dijin Road, Room 101, 1st Floor, Building 4, Haidian District, Beijing, CHN, 100095

Website

http://www.loongson.cn

Loongson Technology Corp Ltd is engaged in the development, sales and service of processors and supporting chips.

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