Geovis Technology Co (SHSE:688568) Debt-to-Equity : 0.14 (As of Mar. 2024)

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What is Geovis Technology Co Debt-to-Equity?

Geovis Technology Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥437 Mil. Geovis Technology Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥49 Mil. Geovis Technology Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥3,516 Mil. Geovis Technology Co's debt to equity for the quarter that ended in Mar. 2024 was 0.14.

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

SHSE:688568' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.04 Max: 0.46
Current: 0.14

During the past 8 years, the highest Debt-to-Equity Ratio of Geovis Technology Co was 0.46. The lowest was 0.01. And the median was 0.04.

SHSE:688568's Debt-to-Equity is ranked better than
58.58% of 2214 companies
in the Software industry
Industry Median: 0.21 vs SHSE:688568: 0.14

Geovis Technology Co Debt-to-Equity Historical Data

The historical data trend for Geovis 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.

Geovis Technology Co Debt-to-Equity Chart

Geovis Technology Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.21

0.12

0.01

0.08

Geovis 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															0.02	0.05	0.11	0.08	0.14

Competitive Comparison of Geovis Technology Co's Debt-to-Equity

For the Software - Application subindustry, Geovis 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.

Geovis Technology Co's Debt-to-Equity Distribution in the Software Industry

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

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

Geovis Technology Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Geovis 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
	=	(257.555	+	28.985)	/	3564.223
	=	0.08

Geovis 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
	=	(437.484	+	49.224)	/	3516.487
	=	0.14

Geovis Technology Co (SHSE:688568) 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.

Geovis Technology Co Debt-to-Equity Related Terms

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Geovis Technology Co (SHSE:688568) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Geovis Technology Co Ltd (SHSE:688568) » Definitions » Debt-to-Equity

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Traded in Other Exchanges

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Address

No. 2 Airport East Road, Linkong Economic Core District, No. 1, 5 and 7 of No. 1A-4 Industrial Park, Shunyi District, Beijing, CHN, 101399

Website

http://www.geovis.com.cn

Geovis Technology Co Ltd is engaged in provision of digital earth products and technology development services. The technology of remote sensing, geographic information system, satellite positioning and navigation, virtual reality, and other independent research and development of the company digital earth products have a position in the domestic digital earth industry. The company provides software sales and data services, technology development services, digital earth integrated machines and system integration with GEOVIS digital earth products as the core for users in the government, enterprises and special fields.

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