Haimo Technologies Group (SZSE:300084) Debt-to-Equity : 0.50 (As of Mar. 2024)

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

What is Haimo Technologies Group Debt-to-Equity?

Haimo Technologies Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥492.8 Mil. Haimo Technologies Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥30.6 Mil. Haimo Technologies Group's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥1,055.0 Mil. Haimo Technologies Group's debt to equity for the quarter that ended in Mar. 2024 was 0.50.

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 Haimo Technologies Group's Debt-to-Equity or its related term are showing as below:

SZSE:300084' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.21 Med: 0.45 Max: 0.67
Current: 0.5

During the past 13 years, the highest Debt-to-Equity Ratio of Haimo Technologies Group was 0.67. The lowest was 0.21. And the median was 0.45.

SZSE:300084's Debt-to-Equity is ranked worse than
53.31% of 831 companies
in the Oil & Gas industry
Industry Median: 0.45 vs SZSE:300084: 0.50

Haimo Technologies Group Debt-to-Equity Historical Data

The historical data trend for Haimo Technologies Group'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.

Haimo Technologies Group Debt-to-Equity Chart

Haimo Technologies Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

0.46

0.63

0.59

0.53

0.51

Haimo Technologies Group 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															0.60	0.55	0.48	0.51	0.50

Competitive Comparison of Haimo Technologies Group's Debt-to-Equity

For the Oil & Gas Equipment & Services subindustry, Haimo Technologies Group'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.

Haimo Technologies Group's Debt-to-Equity Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Haimo Technologies Group's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Haimo Technologies Group's Debt-to-Equity falls into.

Haimo Technologies Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Haimo Technologies Group'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
	=	(522.491	+	31.615)	/	1077.418
	=	0.51

Haimo Technologies Group'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
	=	(492.8	+	30.606)	/	1054.952
	=	0.50

Haimo Technologies Group (SZSE:300084) 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.

Haimo Technologies Group Debt-to-Equity Related Terms

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

Haimo Technologies Group (SZSE:300084) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Haimo Technologies Group Corp (SZSE:300084) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 593, Zhang Sutan, Chengguan District, Gansu Province, Lanzhou, CHN, 730010

Website

http://www.haimotech.com

Haimo Technologies Group Corp is engaged in energy production, equipment supply, environmental protection, and data management and production optimization services. The company also offers multi-phase metering services to oil field service companies. The products and services of the company include fracturing equipment and services, environmental protection equipment and services, and integrated production optimization services.

Executives

Su Zhan Cai	Directors, executives
Ma Jun	Executives
Dou Jian Wen	Executives, directors
Wu Rui Rui	Securities Affairs Representative
Li Jian Guo	Directors, executives
Zhou Jian Feng	Director
Zhang Li Qiang	Directors, Directors, and Executives
Chen Ji Ge	Directors, executives
Lu Yi Xin	Executives
Wang Zhen Gang	Supervisors
Long Li Juan	Supervisors
Guo Shen	Director
He Gong An	Executives
Pan Zhao Bai	Executives

Haimo Technologies Group (SZSE:300084) Headlines

No Headlines