CICT Mobile Communication Technology Co (SHSE:688387) Debt-to-Equity : 0.28 (As of Mar. 2024)

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What is CICT Mobile Communication Technology Co Debt-to-Equity?

CICT Mobile Communication Technology Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥1,359 Mil. CICT Mobile Communication Technology Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥438 Mil. CICT Mobile Communication Technology Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥6,399 Mil. CICT Mobile Communication Technology Co's debt to equity for the quarter that ended in Mar. 2024 was 0.28.

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

SHSE:688387' s Debt-to-Equity Range Over the Past 10 Years
Min: -5.32 Med: 0.3 Max: 4.02
Current: 0.28

During the past 6 years, the highest Debt-to-Equity Ratio of CICT Mobile Communication Technology Co was 4.02. The lowest was -5.32. And the median was 0.30.

SHSE:688387's Debt-to-Equity is ranked better than
51.25% of 2193 companies
in the Hardware industry
Industry Median: 0.28 vs SHSE:688387: 0.28

CICT Mobile Communication Technology Co Debt-to-Equity Historical Data

The historical data trend for CICT Mobile Communication 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.

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CICT Mobile Communication Technology Co Debt-to-Equity Chart

CICT Mobile Communication Technology Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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-5.32

3.32

0.45

0.29

0.24

CICT Mobile Communication Technology Co Quarterly Data
	Dec18	Dec19	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial											0.30	0.32	0.30	0.24	0.28

Competitive Comparison of CICT Mobile Communication Technology Co's Debt-to-Equity

For the Communication Equipment subindustry, CICT Mobile Communication 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.

CICT Mobile Communication Technology Co's Debt-to-Equity Distribution in the Hardware Industry

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

* The bar in red indicates where CICT Mobile Communication Technology Co's Debt-to-Equity falls into.

CICT Mobile Communication Technology Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

CICT Mobile Communication 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
	=	(1136.111	+	437.38)	/	6558.132
	=	0.24

CICT Mobile Communication 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
	=	(1358.564	+	437.7)	/	6399.094
	=	0.28

CICT Mobile Communication Technology Co (SHSE:688387) 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.

CICT Mobile Communication Technology Co Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of CICT Mobile Communication Technology Co's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

CICT Mobile Communication Technology Co (SHSE:688387) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » CICT Mobile Communication Technology Co Ltd (SHSE:688387) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

No. 88, Post University Road, East Lake New Technology Development Zone, Hubei Province, Wuhan, CHN, 430074

Website

https://www.cictmobile.com

CICT Mobile Communication Technology Co Ltd is engaged in the development, application and service of mobile communication technology.

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