Zhuzhou Huarui Precision Tools Co (SHSE:688059) Debt-to-Equity : 0.45 (As of Mar. 2024)

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What is Zhuzhou Huarui Precision Tools Co Debt-to-Equity?

Zhuzhou Huarui Precision Tools Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥179.8 Mil. Zhuzhou Huarui Precision Tools Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥401.4 Mil. Zhuzhou Huarui Precision Tools Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥1,279.7 Mil. Zhuzhou Huarui Precision Tools Co's debt to equity for the quarter that ended in Mar. 2024 was 0.45.

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 Zhuzhou Huarui Precision Tools Co's Debt-to-Equity or its related term are showing as below:

SHSE:688059' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.29 Max: 0.45
Current: 0.45

During the past 7 years, the highest Debt-to-Equity Ratio of Zhuzhou Huarui Precision Tools Co was 0.45. The lowest was 0.01. And the median was 0.29.

SHSE:688059's Debt-to-Equity is ranked worse than
62.22% of 2626 companies
in the Industrial Products industry
Industry Median: 0.29 vs SHSE:688059: 0.45

Zhuzhou Huarui Precision Tools Co Debt-to-Equity Historical Data

The historical data trend for Zhuzhou Huarui Precision Tools 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.

Zhuzhou Huarui Precision Tools Co Debt-to-Equity Chart

Zhuzhou Huarui Precision Tools Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.29

0.17

0.01

0.37

0.36

Zhuzhou Huarui Precision Tools Co Quarterly Data
	Mar19	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															0.35	0.34	0.34	0.36	0.45

Competitive Comparison of Zhuzhou Huarui Precision Tools Co's Debt-to-Equity

For the Tools & Accessories subindustry, Zhuzhou Huarui Precision Tools 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.

Zhuzhou Huarui Precision Tools Co's Debt-to-Equity Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Zhuzhou Huarui Precision Tools Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Zhuzhou Huarui Precision Tools Co's Debt-to-Equity falls into.

Zhuzhou Huarui Precision Tools Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Zhuzhou Huarui Precision Tools 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
	=	(85.924	+	362.905)	/	1256.438
	=	0.36

Zhuzhou Huarui Precision Tools 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
	=	(179.825	+	401.371)	/	1279.67
	=	0.45

Zhuzhou Huarui Precision Tools Co (SHSE:688059) 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.

Zhuzhou Huarui Precision Tools Co Debt-to-Equity Related Terms

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

Zhuzhou Huarui Precision Tools Co (SHSE:688059) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Zhuzhou Huarui Precision Tools Co Ltd (SHSE:688059) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

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Address

No. 68, Chuangye 2nd Road, Lusong District, Hunan Province, Zhuzhou, CHN, 412000

Website

https://www.chinacuttingtools.cn

Zhuzhou Huarui Precision Tools Co Ltd is engaged in research and development, production and sales of cemented carbide tools, solid carbide end mills, welded and clamped cutting tools and cemented carbide material. The company's products are mainly used in aerospace, rail transit, automobile, energy, precision electronics, precision mold and other industries.

Zhuzhou Huarui Precision Tools Co (SHSE:688059) Headlines

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