Jiangsu Cnano Technology Co (SHSE:688116) Debt-to-Equity : 0.54 (As of Mar. 2024)

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What is Jiangsu Cnano Technology Co Debt-to-Equity?

Jiangsu Cnano Technology Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥260 Mil. Jiangsu Cnano Technology Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥1,223 Mil. Jiangsu Cnano Technology Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥2,764 Mil. Jiangsu Cnano Technology Co's debt to equity for the quarter that ended in Mar. 2024 was 0.54.

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

SHSE:688116' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.03 Med: 0.1 Max: 0.54
Current: 0.54

During the past 8 years, the highest Debt-to-Equity Ratio of Jiangsu Cnano Technology Co was 0.54. The lowest was 0.03. And the median was 0.10.

SHSE:688116's Debt-to-Equity is ranked worse than
69.54% of 2193 companies
in the Hardware industry
Industry Median: 0.29 vs SHSE:688116: 0.54

Jiangsu Cnano Technology Co Debt-to-Equity Historical Data

The historical data trend for Jiangsu Cnano Technology 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 Cnano Technology Co Debt-to-Equity Chart

Jiangsu Cnano Technology Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.03

0.38

0.46

Jiangsu Cnano Technology 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															0.38	0.47	0.49	0.46	0.54

Competitive Comparison of Jiangsu Cnano Technology Co's Debt-to-Equity

For the Electronic Components subindustry, Jiangsu Cnano Technology 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 Cnano Technology Co's Debt-to-Equity Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Jiangsu Cnano Technology Co's Debt-to-Equity distribution charts can be found below:

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

Jiangsu Cnano Technology Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Jiangsu Cnano Technology 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
	=	(206.867	+	1026.826)	/	2707.362
	=	0.46

Jiangsu Cnano Technology 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
	=	(259.556	+	1222.927)	/	2763.835
	=	0.54

Jiangsu Cnano Technology Co (SHSE:688116) 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 Cnano Technology Co Debt-to-Equity Related Terms

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Jiangsu Cnano Technology Co (SHSE:688116) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Jiangsu Cnano Technology Co Ltd (SHSE:688116) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 113, Qinglongshan Road, Zhenjiang New District, cccProvince, Zhenjiang, CHN, 212000

Website

http://www.cnanotechnology.com

Jiangsu Cnano Technology Co Ltd is engaged in the manufacturing, research and development and commercialization of multi-wall carbon nanotubes products for the energy storage, especially lithium-ion battery paste.

Executives

Lin Wei Guo	Core technical personnel
Yue Bang Xian	Senior management, core technical personnel
Cai Yong Lve	Directors, senior managers
Ye Ya Wen	senior management
Yan Yan	Directors, senior managers
Zheng Tao	Directors, senior managers, core technical personn
Zhang Mei Jie	Directors, senior managers, core technical personn
Cai Wei Zheng	Core technical personnel
Zhou Yan	Supervisors
Lan Yin	Supervisors
Guo Wei Xing	Core technical personnel
Wei Zhao Jie	Core technical personnel
Xie Bao Dong	Core technical personnel
Cai Zong Yan	Core technical personnel
Sun Min	Supervisors

Jiangsu Cnano Technology Co (SHSE:688116) Headlines

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