Pylon Technologies Co (SHSE:688063) Debt-to-Equity : 0.05 (As of Mar. 2024)

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What is Pylon Technologies Co Debt-to-Equity?

Pylon Technologies Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥79 Mil. Pylon Technologies Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥427 Mil. Pylon Technologies Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥9,492 Mil. Pylon Technologies Co's debt to equity for the quarter that ended in Mar. 2024 was 0.05.

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

SHSE:688063' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.07 Max: 0.21
Current: 0.05

During the past 7 years, the highest Debt-to-Equity Ratio of Pylon Technologies Co was 0.21. The lowest was 0.01. And the median was 0.07.

SHSE:688063's Debt-to-Equity is ranked better than
83.91% of 2616 companies
in the Industrial Products industry
Industry Median: 0.28 vs SHSE:688063: 0.05

Pylon Technologies Co Debt-to-Equity Historical Data

The historical data trend for Pylon Technologies 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.

Pylon Technologies Co Debt-to-Equity Chart

Pylon Technologies Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.09

0.06

0.11

0.16

0.05

Pylon Technologies 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															0.06	0.07	0.05	0.05	0.05

Competitive Comparison of Pylon Technologies Co's Debt-to-Equity

For the Electrical Equipment & Parts subindustry, Pylon Technologies 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.

Pylon Technologies Co's Debt-to-Equity Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Pylon Technologies Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Pylon Technologies Co's Debt-to-Equity falls into.

Pylon Technologies Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Pylon Technologies 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
	=	(76.467	+	422.607)	/	9523.441
	=	0.05

Pylon Technologies 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
	=	(79.35	+	426.983)	/	9492.19
	=	0.05

Pylon Technologies Co (SHSE:688063) 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.

Pylon Technologies Co Debt-to-Equity Related Terms

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Pylon Technologies Co (SHSE:688063) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Pylon Technologies Co Ltd (SHSE:688063) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

No. 73, Lane 887, Zuchong Road, Zhangjiang Hi-Tech Park, Pilot Free Trade Zone, Shanghai, CHN, 201203

Website

http://www.pylontech.com.cn

Pylon Technologies Co Ltd is a manufacturer of lithium battery energy storage systems in China. The product portfolio of the company includes Energy storage battery system, Portable power bank, Communication backup power system, Batteries and Others.

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