IEIT Systems Co (SZSE:000977) Debt-to-Equity : 0.63 (As of Mar. 2024)

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What is IEIT Systems Co Debt-to-Equity?

IEIT Systems Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥3,790 Mil. IEIT Systems Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥7,807 Mil. IEIT Systems Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥18,286 Mil. IEIT Systems Co's debt to equity for the quarter that ended in Mar. 2024 was 0.63.

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

SZSE:000977' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.16 Med: 0.67 Max: 1.54
Current: 0.63

During the past 13 years, the highest Debt-to-Equity Ratio of IEIT Systems Co was 1.54. The lowest was 0.16. And the median was 0.67.

SZSE:000977's Debt-to-Equity is ranked worse than
74.28% of 2193 companies
in the Hardware industry
Industry Median: 0.29 vs SZSE:000977: 0.63

IEIT Systems Co Debt-to-Equity Historical Data

The historical data trend for IEIT Systems 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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IEIT Systems Co Debt-to-Equity Chart

IEIT Systems Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.20

0.25

0.40

0.54

0.66

IEIT Systems 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															0.73	0.75	0.84	0.66	0.63

Competitive Comparison of IEIT Systems Co's Debt-to-Equity

For the Computer Hardware subindustry, IEIT Systems 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.

IEIT Systems Co's Debt-to-Equity Distribution in the Hardware Industry

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

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

IEIT Systems Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

IEIT Systems 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
	=	(3715.214	+	8151.157)	/	17946.675
	=	0.66

IEIT Systems 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
	=	(3790.143	+	7806.85)	/	18285.618
	=	0.63

IEIT Systems Co (SZSE:000977) 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.

IEIT Systems Co Debt-to-Equity Related Terms

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IEIT Systems Co (SZSE:000977) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » IEIT Systems Co Ltd (SZSE:000977) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

1036 Langchao Road, Shandong Province, Jinan, CHN, 250101

Website

http://www.inspur.com

IEIT Systems Co Ltd formerly Inspur Electronic Information Industry Co Ltd is a China-based cloud computing, big data service provider. It is engaged in providing cloud computing solutions and services at IaaS, PaaS and SaaS levels. Its products include rack servers, blade systems, mission-critical systems, storage devices, mainframe security products and others. The company assists customers to build platforms underpinned by cloud computing infrastructure and based on its information software for governments, enterprises, and industries, terminal products, and solutions, the company support governments, enterprises, and industries in cloud construction. The company ships its IT products and services internationally.

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