Zhejiang Shuanghuan Driveline Co (SZSE:002472) Debt-to-Equity : 0.33 (As of Mar. 2024)

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What is Zhejiang Shuanghuan Driveline Co Debt-to-Equity?

Zhejiang Shuanghuan Driveline Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥1,898 Mil. Zhejiang Shuanghuan Driveline Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥764 Mil. Zhejiang Shuanghuan Driveline Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥8,082 Mil. Zhejiang Shuanghuan Driveline Co's debt to equity for the quarter that ended in Mar. 2024 was 0.33.

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

SZSE:002472' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.08 Med: 0.52 Max: 1.01
Current: 0.33

During the past 13 years, the highest Debt-to-Equity Ratio of Zhejiang Shuanghuan Driveline Co was 1.01. The lowest was 0.08. And the median was 0.52.

SZSE:002472's Debt-to-Equity is ranked better than
62.38% of 1175 companies
in the Vehicles & Parts industry
Industry Median: 0.48 vs SZSE:002472: 0.33

Zhejiang Shuanghuan Driveline Co Debt-to-Equity Historical Data

The historical data trend for Zhejiang Shuanghuan Driveline 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 Shuanghuan Driveline Co Debt-to-Equity Chart

Zhejiang Shuanghuan Driveline Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.89

0.92

0.57

0.36

0.23

Zhejiang Shuanghuan Driveline 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															0.34	0.33	0.28	0.23	0.33

Competitive Comparison of Zhejiang Shuanghuan Driveline Co's Debt-to-Equity

For the Auto Parts subindustry, Zhejiang Shuanghuan Driveline 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 Shuanghuan Driveline Co's Debt-to-Equity Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Zhejiang Shuanghuan Driveline Co's Debt-to-Equity distribution charts can be found below:

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

Zhejiang Shuanghuan Driveline Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Zhejiang Shuanghuan Driveline 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
	=	(1234.77	+	613.762)	/	7963.614
	=	0.23

Zhejiang Shuanghuan Driveline 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
	=	(1897.803	+	763.66)	/	8081.651
	=	0.33

Zhejiang Shuanghuan Driveline Co (SZSE:002472) 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 Shuanghuan Driveline Co Debt-to-Equity Related Terms

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Zhejiang Shuanghuan Driveline Co (SZSE:002472) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Zhejiang Shuanghuan Driveline Co Ltd (SZSE:002472) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

Electrical and Industrial Zone, Yuhuan County, Zhejiang Province, Taizhou, CHN, 317600

Website

http://www.gearsnet.com

Zhejiang Shuanghuan Driveline Co Ltd is engaged in the manufacture of gears and shafts for automobiles, motorcycles, trucks and heavy equipment in China. It is engaged in research, development, design, and manufacture of passenger car gears, power tool gears, construction machinery gears, motorcycle gears and commercial vehicle gears.

Zhejiang Shuanghuan Driveline Co (SZSE:002472) Headlines

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