Wetown Electric Group Co (SHSE:688226) Debt-to-Equity : 1.30 (As of Mar. 2024)

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What is Wetown Electric Group Co Debt-to-Equity?

Wetown Electric Group Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥1,079 Mil. Wetown Electric Group Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥318 Mil. Wetown Electric Group Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥1,073 Mil. Wetown Electric Group Co's debt to equity for the quarter that ended in Mar. 2024 was 1.30.

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 Wetown Electric Group Co's Debt-to-Equity or its related term are showing as below:

SHSE:688226' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.3 Med: 0.46 Max: 1.3
Current: 1.3

During the past 7 years, the highest Debt-to-Equity Ratio of Wetown Electric Group Co was 1.30. The lowest was 0.30. And the median was 0.46.

SHSE:688226's Debt-to-Equity is ranked worse than
91.47% of 2627 companies
in the Industrial Products industry
Industry Median: 0.29 vs SHSE:688226: 1.30

Wetown Electric Group Co Debt-to-Equity Historical Data

The historical data trend for Wetown Electric Group 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.

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Wetown Electric Group Co Debt-to-Equity Chart

Wetown Electric Group Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.36

0.39

0.30

0.55

1.06

Wetown Electric Group Co Quarterly Data
	Dec17	Dec18	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															0.64	0.93	1.07	1.06	1.30

Competitive Comparison of Wetown Electric Group Co's Debt-to-Equity

For the Electrical Equipment & Parts subindustry, Wetown Electric Group 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.

Wetown Electric Group Co's Debt-to-Equity Distribution in the Industrial Products Industry

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

* The bar in red indicates where Wetown Electric Group Co's Debt-to-Equity falls into.

Wetown Electric Group Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Wetown Electric Group 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
	=	(905.477	+	190.636)	/	1032.595
	=	1.06

Wetown Electric Group 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
	=	(1078.802	+	317.597)	/	1072.866
	=	1.30

Wetown Electric Group Co (SHSE:688226) 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.

Wetown Electric Group Co Debt-to-Equity Related Terms

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Wetown Electric Group Co (SHSE:688226) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Wetown Electric Group Co Ltd (SHSE:688226) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

No. 1, Nanzi Road, Xinba Science and Technology Park, Jiangsu Province, Yangzhong, CHN, 212200

Website

https://www.wetown.com.cn

Wetown Electric Group Co Ltd is engaged in the development and manufacturing of electrical products. it offers product such as high and low voltage busbars; complete sets of electrical and intelligent components; copper and aluminum materials and tinned copper tape; bridges and hangers and others.

Wetown Electric Group Co (SHSE:688226) Headlines

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