WebRAY Tech (Beijing) Co (SHSE:688651) Debt-to-Equity : 0.01 (As of Mar. 2024)

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What is WebRAY Tech (Beijing) Co Debt-to-Equity?

WebRAY Tech (Beijing) Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥2.9 Mil. WebRAY Tech (Beijing) Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥3.8 Mil. WebRAY Tech (Beijing) Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥985.8 Mil. WebRAY Tech (Beijing) Co's debt to equity for the quarter that ended in Mar. 2024 was 0.01.

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 WebRAY Tech (Beijing) Co's Debt-to-Equity or its related term are showing as below:

SHSE:688651' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.02 Max: 0.04
Current: 0.01

During the past 7 years, the highest Debt-to-Equity Ratio of WebRAY Tech (Beijing) Co was 0.04. The lowest was 0.01. And the median was 0.02.

SHSE:688651's Debt-to-Equity is ranked better than
99.95% of 2217 companies
in the Software industry
Industry Median: 0.21 vs SHSE:688651: 0.01

WebRAY Tech (Beijing) Co Debt-to-Equity Historical Data

The historical data trend for WebRAY Tech (Beijing) 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.

WebRAY Tech (Beijing) Co Debt-to-Equity Chart

WebRAY Tech (Beijing) Co Annual Data

Trend

Dec13

Dec14

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

0.02

0.01

0.03

0.01

WebRAY Tech (Beijing) Co Quarterly Data
	Dec13	Dec14	Dec19	Dec20	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial										0.02	0.03	0.01	0.01	0.01

Competitive Comparison of WebRAY Tech (Beijing) Co's Debt-to-Equity

For the Software - Infrastructure subindustry, WebRAY Tech (Beijing) 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.

WebRAY Tech (Beijing) Co's Debt-to-Equity Distribution in the Software Industry

For the Software industry and Technology sector, WebRAY Tech (Beijing) Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where WebRAY Tech (Beijing) Co's Debt-to-Equity falls into.

WebRAY Tech (Beijing) Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

WebRAY Tech (Beijing) 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
	=	(3.356	+	4.16)	/	1002.907
	=	0.01

WebRAY Tech (Beijing) 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
	=	(2.899	+	3.775)	/	985.779
	=	0.01

WebRAY Tech (Beijing) Co (SHSE:688651) 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.

WebRAY Tech (Beijing) Co Debt-to-Equity Related Terms

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WebRAY Tech (Beijing) Co (SHSE:688651) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » WebRAY Tech (Beijing) Co Ltd (SHSE:688651) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

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Address

No. 9, Shangdi Ninth Street, Room 209, 2nd Floor, Haidian, Beijing, CHN, 100085

Website

https://www.webray.com.cn

WebRAY Tech (Beijing) Co Ltd is engaged in Research and development, production and sales of network security products. The company is focused on the field of cyberspace security, with the mission of making cyberspace more orderly, providing customers with basic network security, business scene security, and cyberspace map security products and services.

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