Jiangsu Rainbow Heavy Industries Co (SZSE:002483) Debt-to-Equity : 0.28 (As of Mar. 2024)

View and export this data going back to 2010. Start your Free Trial

What is Jiangsu Rainbow Heavy Industries Co Debt-to-Equity?

Jiangsu Rainbow Heavy Industries Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥911 Mil. Jiangsu Rainbow Heavy Industries Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥222 Mil. Jiangsu Rainbow Heavy Industries Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥4,052 Mil. Jiangsu Rainbow Heavy Industries Co's debt to equity for the quarter that ended in Mar. 2024 was 0.28.

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

SZSE:002483' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.06 Med: 0.13 Max: 0.34
Current: 0.28

During the past 13 years, the highest Debt-to-Equity Ratio of Jiangsu Rainbow Heavy Industries Co was 0.34. The lowest was 0.06. And the median was 0.13.

SZSE:002483's Debt-to-Equity is ranked better than
51.12% of 2631 companies
in the Industrial Products industry
Industry Median: 0.29 vs SZSE:002483: 0.28

Jiangsu Rainbow Heavy Industries Co Debt-to-Equity Historical Data

The historical data trend for Jiangsu Rainbow Heavy Industries 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.

Jiangsu Rainbow Heavy Industries Co Debt-to-Equity Chart

Jiangsu Rainbow Heavy Industries Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

0.10

0.21

0.32

0.26

Jiangsu Rainbow Heavy Industries 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															0.32	0.29	0.27	0.26	0.28

Competitive Comparison of Jiangsu Rainbow Heavy Industries Co's Debt-to-Equity

For the Specialty Industrial Machinery subindustry, Jiangsu Rainbow Heavy Industries 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 Rainbow Heavy Industries Co's Debt-to-Equity Distribution in the Industrial Products Industry

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

* The bar in red indicates where Jiangsu Rainbow Heavy Industries Co's Debt-to-Equity falls into.

Jiangsu Rainbow Heavy Industries Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Jiangsu Rainbow Heavy Industries 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
	=	(828.042	+	205.037)	/	4000.31
	=	0.26

Jiangsu Rainbow Heavy Industries 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
	=	(911.174	+	221.524)	/	4052.369
	=	0.28

Jiangsu Rainbow Heavy Industries Co (SZSE:002483) 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 Rainbow Heavy Industries Co Debt-to-Equity Related Terms

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

Jiangsu Rainbow Heavy Industries Co (SZSE:002483) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Jiangsu Rainbow Heavy Industries Co Ltd (SZSE:002483) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.9, Zhenxing West Road, Economic & Technology Development Zone, Natong, CHN, 226010

Website

http://www.jiangsurhi.com

Jiangsu Rainbow Heavy Industries Co Ltd is mainly engaged in the engineering, fabrication, sale, and maintenance of cranes in China. Its major business consists of 2 modules: high-end equipment manufactures and environmental protection. The high-end equipment manufacture module includes material lifting, offshore equipment, and shipbuilding, the products covered all kinds of lifting machinery, ship equipment, marine equipment, car parking equipment, engineering vessels and other related products. The environmental protection module includes industrial wastewater treatment, sludge treatment, hazardous solid waste disposal and other energy saving, recycling economy business.

Jiangsu Rainbow Heavy Industries Co (SZSE:002483) Headlines

No Headlines