Zhejiang Dahua Technology Co (SZSE:002236) Debt-to-Equity : 0.04 (As of Mar. 2024)

View and export this data going back to 2008. Start your Free Trial

What is Zhejiang Dahua Technology Co Debt-to-Equity?

Zhejiang Dahua Technology Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥1,333 Mil. Zhejiang Dahua Technology Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥149 Mil. Zhejiang Dahua Technology Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥35,333 Mil. Zhejiang Dahua 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 Zhejiang Dahua Technology Co's Debt-to-Equity or its related term are showing as below:

SZSE:002236' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.12 Max: 0.27
Current: 0.04

During the past 13 years, the highest Debt-to-Equity Ratio of Zhejiang Dahua Technology Co was 0.27. The lowest was 0.01. And the median was 0.12.

SZSE:002236's Debt-to-Equity is ranked better than
89.12% of 928 companies
in the Business Services industry
Industry Median: 0.385 vs SZSE:002236: 0.04

Zhejiang Dahua Technology Co Debt-to-Equity Historical Data

The historical data trend for Zhejiang Dahua 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.

* Premium members only.

Zhejiang Dahua Technology Co Debt-to-Equity Chart

Zhejiang Dahua Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

0.04

0.07

0.12

0.13

0.06

Zhejiang Dahua 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															0.12	0.10	0.09	0.06	0.04

Competitive Comparison of Zhejiang Dahua Technology Co's Debt-to-Equity

For the Security & Protection Services subindustry, Zhejiang Dahua 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.

Zhejiang Dahua Technology Co's Debt-to-Equity Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Zhejiang Dahua Technology Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Zhejiang Dahua Technology Co's Debt-to-Equity falls into.

Zhejiang Dahua Technology Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Zhejiang Dahua 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
	=	(1859.148	+	176.58)	/	34719.174
	=	0.06

Zhejiang Dahua 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
	=	(1332.745	+	149.465)	/	35332.79
	=	0.04

Zhejiang Dahua Technology Co (SZSE:002236) 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.

Zhejiang Dahua Technology Co Debt-to-Equity Related Terms

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

Zhejiang Dahua Technology Co (SZSE:002236) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Zhejiang Dahua Technology Co Ltd (SZSE:002236) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1187 Bin'an Road, Binjiang District, Zhejiang, Hangzhou, CHN, 310053

Website

http://www.dahuatech.com

Zhejiang Dahua Technology Co Ltd is engaged in the production of security and surveillance products. The product offered by the company includes transmission products, cloud products, display products, video conference products, drone, Smart fire protection, and others. These products are used for city operations, business management, personal consumer life, and others.

Zhejiang Dahua Technology Co (SZSE:002236) Headlines

No Headlines