Jiangsu Tongrun Equipment Technology Co (SZSE:002150) Debt-to-Equity : 0.63 (As of Mar. 2024)

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What is Jiangsu Tongrun Equipment Technology Co Debt-to-Equity?

Jiangsu Tongrun Equipment Technology Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥401 Mil. Jiangsu Tongrun Equipment Technology Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥653 Mil. Jiangsu Tongrun Equipment Technology Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥1,661 Mil. Jiangsu Tongrun Equipment Technology 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 Jiangsu Tongrun Equipment Technology Co's Debt-to-Equity or its related term are showing as below:

SZSE:002150' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.01 Max: 0.63
Current: 0.63

During the past 13 years, the highest Debt-to-Equity Ratio of Jiangsu Tongrun Equipment Technology Co was 0.63. The lowest was 0.01. And the median was 0.01.

SZSE:002150's Debt-to-Equity is ranked worse than
73.39% of 2627 companies
in the Industrial Products industry
Industry Median: 0.29 vs SZSE:002150: 0.63

Jiangsu Tongrun Equipment Technology Co Debt-to-Equity Historical Data

The historical data trend for Jiangsu Tongrun Equipment Technology 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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Jiangsu Tongrun Equipment Technology Co Debt-to-Equity Chart

Jiangsu Tongrun Equipment Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.01

0.57

Jiangsu Tongrun Equipment Technology 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															0.03	0.21	0.23	0.57	0.63

Competitive Comparison of Jiangsu Tongrun Equipment Technology Co's Debt-to-Equity

For the Tools & Accessories subindustry, Jiangsu Tongrun Equipment Technology 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.

Jiangsu Tongrun Equipment Technology Co's Debt-to-Equity Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Jiangsu Tongrun Equipment Technology Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Jiangsu Tongrun Equipment Technology Co's Debt-to-Equity falls into.

Jiangsu Tongrun Equipment Technology Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Jiangsu Tongrun Equipment Technology 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
	=	(337.171	+	612.453)	/	1652.992
	=	0.57

Jiangsu Tongrun Equipment Technology 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
	=	(400.589	+	652.548)	/	1661.36
	=	0.63

Jiangsu Tongrun Equipment Technology Co (SZSE:002150) 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.

Jiangsu Tongrun Equipment Technology Co Debt-to-Equity Related Terms

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Jiangsu Tongrun Equipment Technology Co (SZSE:002150) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Jiangsu Tongrun Equipment Technology Co Ltd (SZSE:002150) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

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Address

Tonggang Road, Zhouxing Tonggang Industrial Development Zone, Jiangsu, Changshu, CHN, 215517

Website

http://www.tongrunindustries.com

Jiangsu Tongrun Equipment Technology Co Ltd is engaged in business of sheet metal products and electrical products. The products of the company include metal toolbox cabinets, steel office furniture, precision sheet metal parts, complete set of electrical control cabinets, and high voltage circuit breakers. The company generates majority of revenue from metal tool manufacturing.

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