Glodon Co (SZSE:002410) Debt-to-Equity : 0.02 (As of Mar. 2024)

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What is Glodon Co Debt-to-Equity?

Glodon Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥40 Mil. Glodon Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥50 Mil. Glodon Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥5,854 Mil. Glodon Co's debt to equity for the quarter that ended in Mar. 2024 was 0.02.

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

SZSE:002410' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.02 Max: 0.59
Current: 0.02

During the past 13 years, the highest Debt-to-Equity Ratio of Glodon Co was 0.59. The lowest was 0.00. And the median was 0.02.

SZSE:002410's Debt-to-Equity is ranked better than
92.37% of 2214 companies
in the Software industry
Industry Median: 0.21 vs SZSE:002410: 0.02

Glodon Co Debt-to-Equity Historical Data

The historical data trend for Glodon 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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Glodon Co Debt-to-Equity Chart

Glodon Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

0.33

0.01

0.02

Glodon 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															0.02	0.02	0.02	0.02	0.02

Competitive Comparison of Glodon Co's Debt-to-Equity

For the Software - Application subindustry, Glodon 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.

Glodon Co's Debt-to-Equity Distribution in the Software Industry

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

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

Glodon Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Glodon 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
	=	(40.966	+	51.605)	/	5882.547
	=	0.02

Glodon 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
	=	(39.531	+	50.322)	/	5854.405
	=	0.02

Glodon Co (SZSE:002410) 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.

Glodon Co Debt-to-Equity Related Terms

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

Glodon Co (SZSE:002410) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Glodon Co Ltd (SZSE:002410) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Building 13 East Road, Xibeiwang 10 Eastern Hospital, Haidian District, Beijing, CHN

Website

http://www.glodon.com

Glodon Co Ltd provides information technology services and solutions to the construction industry. The company offers digital construction platform that provides professional support based on the professional application in the field of construction engineering and provides value-added services such as industrial big data and industrial new finance. The products and services provided by the company are - civil measurement, installation measurement, municipal calculation, cloud pricing, wide material assistant, BIMFACE, smart helmet, labor management system, and many more.

Executives

Wang Ai Hua	Director
	Supervisors
Zhi Fei	Executives
Liu Qian	Directors, executives
	Executives
Wang Jin Hong	Supervisors
Diao Zhi Zhong	Director
Li Shu Jian	Directors, executives
Yuan Zheng Gang	Directors, executives
Jia Xiao Ping	Director
Chang Fan	Securities Affairs Representative
He Ping	Executives
An Jing He	Supervisors
Zhang Kui Jiang	Directors, executives
Liu Qing Ni	Executives

Glodon Co (SZSE:002410) Headlines

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