Shenyang Fortune Precision Equipment Co (SHSE:688409) Debt-to-Equity : 0.32 (As of Mar. 2024)

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What is Shenyang Fortune Precision Equipment Co Debt-to-Equity?

Shenyang Fortune Precision Equipment Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥215 Mil. Shenyang Fortune Precision Equipment Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥1,254 Mil. Shenyang Fortune Precision Equipment Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥4,563 Mil. Shenyang Fortune Precision Equipment Co's debt to equity for the quarter that ended in Mar. 2024 was 0.32.

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 Shenyang Fortune Precision Equipment Co's Debt-to-Equity or its related term are showing as below:

SHSE:688409' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.13 Med: 0.23 Max: 0.63
Current: 0.32

During the past 6 years, the highest Debt-to-Equity Ratio of Shenyang Fortune Precision Equipment Co was 0.63. The lowest was 0.13. And the median was 0.23.

SHSE:688409's Debt-to-Equity is ranked worse than
52.36% of 2624 companies
in the Industrial Products industry
Industry Median: 0.29 vs SHSE:688409: 0.32

Shenyang Fortune Precision Equipment Co Debt-to-Equity Historical Data

The historical data trend for Shenyang Fortune Precision Equipment 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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Shenyang Fortune Precision Equipment Co Debt-to-Equity Chart

Shenyang Fortune Precision Equipment Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.29

0.14

0.52

0.13

0.29

Shenyang Fortune Precision Equipment 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											0.14	0.20	0.26	0.29	0.32

Competitive Comparison of Shenyang Fortune Precision Equipment Co's Debt-to-Equity

For the Metal Fabrication subindustry, Shenyang Fortune Precision Equipment 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.

Shenyang Fortune Precision Equipment Co's Debt-to-Equity Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Shenyang Fortune Precision Equipment Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Shenyang Fortune Precision Equipment Co's Debt-to-Equity falls into.

Shenyang Fortune Precision Equipment Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Shenyang Fortune Precision Equipment 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
	=	(183.732	+	1122.374)	/	4564.855
	=	0.29

Shenyang Fortune Precision Equipment 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
	=	(214.88	+	1254.056)	/	4563.216
	=	0.32

Shenyang Fortune Precision Equipment Co (SHSE:688409) 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.

Shenyang Fortune Precision Equipment Co Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Shenyang Fortune Precision Equipment Co's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Shenyang Fortune Precision Equipment Co (SHSE:688409) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Shenyang Fortune Precision Equipment Co Ltd (SHSE:688409) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

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Address

No. 18A-1, Feiyun Road, Hunnan District, Liaoning Province, Shenyang, CHN, 110168

Website

http://www.fortune-semi.com

Shenyang Fortune Precision Equipment Co Ltd focuses on the precision manufacturing technology of metal parts and components, and has mastered one-stop manufacturing processes such as precision machinery manufacturing, high-cleanliness surface treatment, welding, assembly, and testing that can meet stringent standards.

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