AVIC Jonhon Optronic Technology Co (SZSE:002179) Debt-to-Equity : 0.04 (As of Mar. 2024)

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What is AVIC Jonhon Optronic Technology Co Debt-to-Equity?

AVIC Jonhon Optronic Technology Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥315 Mil. AVIC Jonhon Optronic Technology Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥626 Mil. AVIC Jonhon Optronic Technology Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥21,535 Mil. AVIC Jonhon Optronic Technology Co's debt to equity for the quarter that ended in Mar. 2024 was 0.04.

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 AVIC Jonhon Optronic Technology Co's Debt-to-Equity or its related term are showing as below:

SZSE:002179' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.04 Med: 0.25 Max: 0.42
Current: 0.04

During the past 13 years, the highest Debt-to-Equity Ratio of AVIC Jonhon Optronic Technology Co was 0.42. The lowest was 0.04. And the median was 0.25.

SZSE:002179's Debt-to-Equity is ranked better than
86.76% of 2198 companies
in the Hardware industry
Industry Median: 0.28 vs SZSE:002179: 0.04

AVIC Jonhon Optronic Technology Co Debt-to-Equity Historical Data

The historical data trend for AVIC Jonhon Optronic 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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AVIC Jonhon Optronic Technology Co Debt-to-Equity Chart

AVIC Jonhon Optronic Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.16

0.14

0.07

0.06

AVIC Jonhon Optronic 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															0.08	0.07	0.07	0.06	0.04

Competitive Comparison of AVIC Jonhon Optronic Technology Co's Debt-to-Equity

For the Electronic Components subindustry, AVIC Jonhon Optronic 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.

AVIC Jonhon Optronic Technology Co's Debt-to-Equity Distribution in the Hardware Industry

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

* The bar in red indicates where AVIC Jonhon Optronic Technology Co's Debt-to-Equity falls into.

AVIC Jonhon Optronic Technology Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

AVIC Jonhon Optronic 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
	=	(654.604	+	659.268)	/	20496.29
	=	0.06

AVIC Jonhon Optronic 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
	=	(315.093	+	626.012)	/	21534.535
	=	0.04

AVIC Jonhon Optronic Technology Co (SZSE:002179) 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.

AVIC Jonhon Optronic Technology Co Debt-to-Equity Related Terms

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AVIC Jonhon Optronic Technology Co (SZSE:002179) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » AVIC Jonhon Optronic Technology Co Ltd (SZSE:002179) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

No.10 Zhoushan Road, Luoyang, CHN, 471003

Website

http://www.jonhon.cn

AVIC Jonhon Optronic Technology Co Ltd is specialized in research and development of optical, electrical, fluid technology and equipment. The company products are used in aviation, aerospace and military field, communication and data center field, railway transportation field, new energy vehicle field, power equipment, petroleum equipment, medical equipment, and other civil high-end manufacturing fields. It also exports to European countries, the United States, Israel, Australia, Korea, India and so on.

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