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Sinodata Co (SZSE:002657) Debt-to-Equity : 0.02 (As of Mar. 2024)


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What is Sinodata Co Debt-to-Equity?

Sinodata Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥38.5 Mil. Sinodata Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥0.7 Mil. Sinodata Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥1,864.8 Mil. Sinodata 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 Sinodata Co's Debt-to-Equity or its related term are showing as below:

SZSE:002657' s Debt-to-Equity Range Over the Past 10 Years
Min: 0   Med: 0.09   Max: 0.41
Current: 0.02

During the past 13 years, the highest Debt-to-Equity Ratio of Sinodata Co was 0.41. The lowest was 0.00. And the median was 0.09.

SZSE:002657's Debt-to-Equity is ranked better than
92.36% of 2213 companies
in the Software industry
Industry Median: 0.21 vs SZSE:002657: 0.02

Sinodata Co Debt-to-Equity Historical Data

The historical data trend for Sinodata 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.

Sinodata Co Debt-to-Equity Chart

Sinodata Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.08 0.02 - 0.01 0.02

Sinodata 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - - - 0.02 0.02

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

For the Software - Application subindustry, Sinodata 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.


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

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

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



Sinodata Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Sinodata Co's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Sinodata Co's Debt to Equity Ratio for the quarter that ended in Mar. 2024 is calculated as

* 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.


Sinodata Co  (SZSE:002657) 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.


Sinodata Co Debt-to-Equity Related Terms

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


Sinodata Co (SZSE:002657) Business Description

Traded in Other Exchanges
N/A
Address
College Road, Haidian District, Building 39, 10th Floor, Beijing, CHN, 100191
Sinodata Co Ltd is a software and information service company. The firm is mainly engaged in the design and development of the software applications and platforms for banking and other financial institutions. The company focuses on the internet banking cloud platform, financial asset trading platform, supply chain financial service platform, an e-commerce platform, and mobile payment operations.
Executives
Shen Sa Directors, executives
Wang Zhi Yu Executives
Liu Kai Tong Director
Zhu Ye Dong Director
He Zhe Director
Zhang Chao Ying Executives

Sinodata Co (SZSE:002657) Headlines

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