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Suzhou Recodeal Interconnect System Co (SHSE:688800) Debt-to-Equity : 0.32 (As of Mar. 2024)


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What is Suzhou Recodeal Interconnect System Co Debt-to-Equity?

Suzhou Recodeal Interconnect System Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥355 Mil. Suzhou Recodeal Interconnect System Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥284 Mil. Suzhou Recodeal Interconnect System Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥1,990 Mil. Suzhou Recodeal Interconnect System 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 Suzhou Recodeal Interconnect System Co's Debt-to-Equity or its related term are showing as below:

SHSE:688800' s Debt-to-Equity Range Over the Past 10 Years
Min: 0   Med: 0.11   Max: 0.32
Current: 0.32

During the past 12 years, the highest Debt-to-Equity Ratio of Suzhou Recodeal Interconnect System Co was 0.32. The lowest was 0.00. And the median was 0.11.

SHSE:688800's Debt-to-Equity is ranked worse than
53.16% of 2613 companies
in the Industrial Products industry
Industry Median: 0.28 vs SHSE:688800: 0.32

Suzhou Recodeal Interconnect System Co Debt-to-Equity Historical Data

The historical data trend for Suzhou Recodeal Interconnect System 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.

Suzhou Recodeal Interconnect System Co Debt-to-Equity Chart

Suzhou Recodeal Interconnect System Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.11 0.12 - 0.05 0.22

Suzhou Recodeal Interconnect System Co Quarterly Data
Mar19 Jun19 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 0.07 0.12 0.22 0.22 0.32

Competitive Comparison of Suzhou Recodeal Interconnect System Co's Debt-to-Equity

For the Electrical Equipment & Parts subindustry, Suzhou Recodeal Interconnect System 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.


Suzhou Recodeal Interconnect System Co's Debt-to-Equity Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Suzhou Recodeal Interconnect System Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Suzhou Recodeal Interconnect System Co's Debt-to-Equity falls into.



Suzhou Recodeal Interconnect System Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Suzhou Recodeal Interconnect System Co's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Suzhou Recodeal Interconnect System 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.


Suzhou Recodeal Interconnect System Co  (SHSE:688800) 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.


Suzhou Recodeal Interconnect System Co Debt-to-Equity Related Terms

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Suzhou Recodeal Interconnect System Co (SHSE:688800) Business Description

Traded in Other Exchanges
N/A
Address
No.998 Songjia Road, Wusongjiang Science and Technology Industrial Park, Jiangsu Province, Wuzhong District, Suzhou, CHN, 215124
Suzhou Recodeal Interconnect System Co Ltd develops, produces and sells connection systems, microwave components and other products.

Suzhou Recodeal Interconnect System Co (SHSE:688800) Headlines

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