Northking Information Technology Co (SZSE:002987) Debt-to-Equity : 0.01 (As of Mar. 2024)

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What is Northking Information Technology Co Debt-to-Equity?

Northking Information Technology Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥15 Mil. Northking Information Technology Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥12 Mil. Northking Information Technology Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥2,599 Mil. Northking Information Technology Co's debt to equity for the quarter that ended in Mar. 2024 was 0.01.

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

SZSE:002987' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.08 Max: 0.32
Current: 0.01

During the past 8 years, the highest Debt-to-Equity Ratio of Northking Information Technology Co was 0.32. The lowest was 0.01. And the median was 0.08.

SZSE:002987's Debt-to-Equity is ranked better than
99.95% of 2214 companies
in the Software industry
Industry Median: 0.21 vs SZSE:002987: 0.01

Northking Information Technology Co Debt-to-Equity Historical Data

The historical data trend for Northking Information 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.

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Northking Information Technology Co Debt-to-Equity Chart

Northking Information Technology Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

0.07

0.01

0.03

0.02

0.01

Northking Information 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															0.02	0.09	0.09	0.01	0.01

Competitive Comparison of Northking Information Technology Co's Debt-to-Equity

For the Information Technology Services subindustry, Northking Information 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.

Northking Information Technology Co's Debt-to-Equity Distribution in the Software Industry

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

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

Northking Information Technology Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Northking Information 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
	=	(14.831	+	13.712)	/	2546.111
	=	0.01

Northking Information 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
	=	(14.886	+	11.588)	/	2598.665
	=	0.01

Northking Information Technology Co (SZSE:002987) 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.

Northking Information Technology Co Debt-to-Equity Related Terms

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Northking Information Technology Co (SZSE:002987) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Northking Information Technology Co Ltd (SZSE:002987) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 25 West Third Ring North Road, 7th Floor, Haidian District, Beijing, CHN, 100089

Website

http://www.northking.net

Northking Information Technology Co Ltd is a provider of information technology services and business process outsourcing services to banking-based financial institutions. The company's services include technology development, technology promotion, technology transfer, technology consulting, technical services; computer technology training; computer system services; data processing; computer maintenance; basic software services, application software services; accepting financial information technology outsourcing services entrusted by financial institutions, entrusting financial institutions with financial business process outsourcing services, entrusting financial institutions with financial knowledge process outsourcing services, among others.

Executives

Ding Zhi Peng	Director
Zhao Long Hu	Directors, executives

Northking Information Technology Co (SZSE:002987) Headlines

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