Goodwill E-Health Info Co (SHSE:688246) Debt-to-Equity : 0.16 (As of Mar. 2024)

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What is Goodwill E-Health Info Co Debt-to-Equity?

Goodwill E-Health Info Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥273.5 Mil. Goodwill E-Health Info Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥10.6 Mil. Goodwill E-Health Info Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥1,816.5 Mil. Goodwill E-Health Info Co's debt to equity for the quarter that ended in Mar. 2024 was 0.16.

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 Goodwill E-Health Info Co's Debt-to-Equity or its related term are showing as below:

SHSE:688246' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.06 Max: 0.47
Current: 0.16

During the past 7 years, the highest Debt-to-Equity Ratio of Goodwill E-Health Info Co was 0.47. The lowest was 0.01. And the median was 0.06.

SHSE:688246's Debt-to-Equity is ranked better than
55.67% of 2213 companies
in the Software industry
Industry Median: 0.21 vs SHSE:688246: 0.16

Goodwill E-Health Info Co Debt-to-Equity Historical Data

The historical data trend for Goodwill E-Health Info 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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Goodwill E-Health Info Co Debt-to-Equity Chart

Goodwill E-Health Info Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.24

0.10

0.06

0.11

Goodwill E-Health Info Co Quarterly Data
	Dec17	Dec18	Dec19	Mar20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial														0.02	0.02	0.04	0.11	0.16

Competitive Comparison of Goodwill E-Health Info Co's Debt-to-Equity

For the Software - Application subindustry, Goodwill E-Health Info 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.

Goodwill E-Health Info Co's Debt-to-Equity Distribution in the Software Industry

For the Software industry and Technology sector, Goodwill E-Health Info Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Goodwill E-Health Info Co's Debt-to-Equity falls into.

Goodwill E-Health Info Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Goodwill E-Health Info 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
	=	(190.115	+	5.229)	/	1835.24
	=	0.11

Goodwill E-Health Info 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
	=	(273.485	+	10.649)	/	1816.532
	=	0.16

Goodwill E-Health Info Co (SHSE:688246) 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.

Goodwill E-Health Info Co Debt-to-Equity Related Terms

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Goodwill E-Health Info Co (SHSE:688246) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Goodwill E-Health Info Co Ltd (SHSE:688246) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 7, Kaifeng Road, Room 1201, 2nd Floor, Building 1, Shangdi Information Industry Base, Haidian District, Beijing, CHN, 100085

Website

http://www.bjgoodwill.com

Goodwill E-Health Info Co Ltd is a computer software technology development company. The company's products and services include technology transfer, technical consulting, technical services, application software services, and wholesale electronic products.

Executives

Chen Lian Zhong	Core technical personnel
Ren Yong	Directors, senior managers
Nie Ya Lun	senior management
Ma Long Biao	Core technical personnel
Li Jing	senior management
Zhang Lei	Director, core technical staff
Xia Jun	Directors, senior managers
Wang Kun	Core technical personnel
Hu Ke Yun	Core technical personnel

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