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Cubic Sensor and Instrument Co (SHSE:688665) Debt-to-Equity : 0.06 (As of Mar. 2024)


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What is Cubic Sensor and Instrument Co Debt-to-Equity?

Cubic Sensor and Instrument Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥43.3 Mil. Cubic Sensor and Instrument Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥11.1 Mil. Cubic Sensor and Instrument Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥986.8 Mil. Cubic Sensor and Instrument Co's debt to equity for the quarter that ended in Mar. 2024 was 0.06.

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 Cubic Sensor and Instrument Co's Debt-to-Equity or its related term are showing as below:

SHSE:688665' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.02   Med: 0.06   Max: 0.61
Current: 0.06

During the past 7 years, the highest Debt-to-Equity Ratio of Cubic Sensor and Instrument Co was 0.61. The lowest was 0.02. And the median was 0.06.

SHSE:688665's Debt-to-Equity is ranked better than
81.17% of 2193 companies
in the Hardware industry
Industry Median: 0.28 vs SHSE:688665: 0.06

Cubic Sensor and Instrument Co Debt-to-Equity Historical Data

The historical data trend for Cubic Sensor and Instrument 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.

Cubic Sensor and Instrument Co Debt-to-Equity Chart

Cubic Sensor and Instrument Co Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-Equity
Get a 7-Day Free Trial 0.06 0.10 0.04 0.06 0.06

Cubic Sensor and Instrument Co Quarterly Data
Mar19 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.06 0.04 0.04 0.06 0.06

Competitive Comparison of Cubic Sensor and Instrument Co's Debt-to-Equity

For the Electronic Components subindustry, Cubic Sensor and Instrument 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.


Cubic Sensor and Instrument Co's Debt-to-Equity Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Cubic Sensor and Instrument Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Cubic Sensor and Instrument Co's Debt-to-Equity falls into.



Cubic Sensor and Instrument Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Cubic Sensor and Instrument Co's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Cubic Sensor and Instrument Co's Debt to Equity Ratio for the quarter that ended in Mar. 2024 is calculated as

* 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.


Cubic Sensor and Instrument Co  (SHSE:688665) 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.


Cubic Sensor and Instrument Co Debt-to-Equity Related Terms

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Cubic Sensor and Instrument Co (SHSE:688665) Business Description

Traded in Other Exchanges
N/A
Address
No. 3, Fenghuangyuan 3rd Road, Phoenix Industrial Park, Donghu New Technology Development Zone, Hubei Province, Wuhan, CHN, 430205
Cubic Sensor and Instrument Co Ltd is engaged in the research and development, production and sales of gas sensors and gas analysis instruments.

Cubic Sensor and Instrument Co (SHSE:688665) Headlines

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