Huagong Tech Co (SZSE:000988) Debt-to-Equity : 0.31 (As of Mar. 2024)

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What is Huagong Tech Co Debt-to-Equity?

Huagong Tech Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥183 Mil. Huagong Tech Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥2,774 Mil. Huagong Tech Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥9,452 Mil. Huagong Tech Co's debt to equity for the quarter that ended in Mar. 2024 was 0.31.

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

SZSE:000988' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.09 Med: 0.16 Max: 0.43
Current: 0.31

During the past 13 years, the highest Debt-to-Equity Ratio of Huagong Tech Co was 0.43. The lowest was 0.09. And the median was 0.16.

SZSE:000988's Debt-to-Equity is ranked worse than
51.67% of 2628 companies
in the Industrial Products industry
Industry Median: 0.29 vs SZSE:000988: 0.31

Huagong Tech Co Debt-to-Equity Historical Data

The historical data trend for Huagong Tech 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.

Huagong Tech Co Debt-to-Equity Chart

Huagong Tech Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.11

0.15

0.26

0.37

0.30

Huagong Tech 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															0.43	0.38	0.36	0.30	0.31

Competitive Comparison of Huagong Tech Co's Debt-to-Equity

For the Electrical Equipment & Parts subindustry, Huagong Tech 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.

Huagong Tech Co's Debt-to-Equity Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Huagong Tech Co's Debt-to-Equity distribution charts can be found below:

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

Huagong Tech Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Huagong Tech 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
	=	(202.5	+	2526.778)	/	9157.195
	=	0.30

Huagong Tech 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
	=	(183.481	+	2774.05)	/	9452.451
	=	0.31

Huagong Tech Co (SZSE:000988) 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.

Huagong Tech Co Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Huagong Tech Co's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Huagong Tech Co (SZSE:000988) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Huagong Tech Co Ltd (SZSE:000988) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

Huazhong University of Science and Technology University, Huagong Technology Headquarters Building, Wuhan East Lake High-tech Development Zone, Hubei Province, Wuhan, CHN, 430223

Website

http://www.hgtech.com.cn

Huagong Tech Co Ltd is a China-based company principally engaged in the business of laser equipment manufacturing, optical communications and laser holographic anti-counterfeiting of sensitive products and components. The company's products are widely used in machinery manufacturing, aerospace, automobile industry, and iron and steel metallurgy and other industries. In addition, the company also offers solutions such as energy industry laser processing solutions, aerospace applications solutions, 3C industry laser processing solutions, automotive industry application solutions, certification industry anti-counterfeiting solutions, intelligent manufacturing service platform and cloud computing centre.

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