Chutian Dragon Co (SZSE:003040) Debt-to-Equity : 0.01 (As of Mar. 2024)

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What is Chutian Dragon Co Debt-to-Equity?

Chutian Dragon Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥8 Mil. Chutian Dragon Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥3 Mil. Chutian Dragon Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥1,526 Mil. Chutian Dragon 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 Chutian Dragon Co's Debt-to-Equity or its related term are showing as below:

SZSE:003040' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.01 Max: 0.21
Current: 0.01

During the past 7 years, the highest Debt-to-Equity Ratio of Chutian Dragon Co was 0.21. The lowest was 0.00. And the median was 0.01.

SZSE:003040's Debt-to-Equity is ranked better than
99.89% of 875 companies
in the Semiconductors industry
Industry Median: 0.27 vs SZSE:003040: 0.01

Chutian Dragon Co Debt-to-Equity Historical Data

The historical data trend for Chutian Dragon 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.

Chutian Dragon Co Debt-to-Equity Chart

Chutian Dragon Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

0.03

0.05

0.01

Chutian Dragon Co Quarterly Data
	Dec17	Dec18	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															0.01	0.01	0.01	0.01	0.01

Competitive Comparison of Chutian Dragon Co's Debt-to-Equity

For the Semiconductors subindustry, Chutian Dragon 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.

Chutian Dragon Co's Debt-to-Equity Distribution in the Semiconductors Industry

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

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

Chutian Dragon Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Chutian Dragon 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
	=	(9.549	+	4.138)	/	1507.1
	=	0.01

Chutian Dragon 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
	=	(7.841	+	2.909)	/	1526.162
	=	0.01

Chutian Dragon Co (SZSE:003040) 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.

Chutian Dragon Co Debt-to-Equity Related Terms

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Chutian Dragon Co (SZSE:003040) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Chutian Dragon Co Ltd (SZSE:003040) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Yifa Industrial Zone, Zhuweitian, Fenggang Town, Guangdong Province, Dongguan, CHN, 523697

Website

http://www.ctdcn.com

Chutian Dragon Co Ltd is mainly engaged in the design, research and development, production, sales and service of smart cards. The main products are financial IC cards represented by financial social security cards and standard bank IC cards, and non-financial IC cards represented by communication cards and transportation cards. It has a wide range of customers and important influence in social security, finance, communications, transportation, medical, education and other industries.

Chutian Dragon Co (SZSE:003040) Headlines

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