Shenzhen InfoTech Technologies Co (SZSE:300085) Debt-to-Equity : 0.51 (As of Mar. 2024)

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What is Shenzhen InfoTech Technologies Co Debt-to-Equity?

Shenzhen InfoTech Technologies Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥324.3 Mil. Shenzhen InfoTech Technologies Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥3.0 Mil. Shenzhen InfoTech Technologies Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥638.1 Mil. Shenzhen InfoTech Technologies Co's debt to equity for the quarter that ended in Mar. 2024 was 0.51.

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 Shenzhen InfoTech Technologies Co's Debt-to-Equity or its related term are showing as below:

SZSE:300085' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.03 Med: 0.36 Max: 0.64
Current: 0.51

During the past 13 years, the highest Debt-to-Equity Ratio of Shenzhen InfoTech Technologies Co was 0.64. The lowest was 0.03. And the median was 0.36.

SZSE:300085's Debt-to-Equity is ranked worse than
71.88% of 2219 companies
in the Software industry
Industry Median: 0.21 vs SZSE:300085: 0.51

Shenzhen InfoTech Technologies Co Debt-to-Equity Historical Data

The historical data trend for Shenzhen InfoTech Technologies 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.

Shenzhen InfoTech Technologies Co Debt-to-Equity Chart

Shenzhen InfoTech Technologies Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

0.33

0.35

0.45

0.34

0.64

Shenzhen InfoTech Technologies 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															0.42	0.39	0.39	0.64	0.51

Competitive Comparison of Shenzhen InfoTech Technologies Co's Debt-to-Equity

For the Software - Infrastructure subindustry, Shenzhen InfoTech Technologies 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.

Shenzhen InfoTech Technologies Co's Debt-to-Equity Distribution in the Software Industry

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

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

Shenzhen InfoTech Technologies Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Shenzhen InfoTech Technologies 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
	=	(421.979	+	3.299)	/	668.424
	=	0.64

Shenzhen InfoTech Technologies 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
	=	(324.294	+	2.971)	/	638.141
	=	0.51

Shenzhen InfoTech Technologies Co (SZSE:300085) 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.

Shenzhen InfoTech Technologies Co Debt-to-Equity Related Terms

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Shenzhen InfoTech Technologies Co (SZSE:300085) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Shenzhen InfoTech Technologies Co Ltd (SZSE:300085) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Shenzhen Tian An Cyber Park, Tianxiang Building Block 5B2 AB, Futian District, Shenzhen, CHN, 518048

Website

http://www.yinzhijie.com

Shenzhen InfoTech Technologies Co Ltd is focused on the financial information industry, providing software products, software development, financial special equipment and technical services to financial institutions such as banks. The company's product line covers bank payment and settlement, risk prevention and control, process re-engineering and self-help.

Executives

Li Jun	Directors, executives
Feng Jun	Director
Chen Xiang Jun	Director
He Ye	Director
He Jian	Independent director
Zhang Xue Jun	Director
Zhou Feng	Supervisors
Xu Qiu Jiang	Executives
Liu Yi	Directors, executives
Yang Jin Min	Supervisors
Tang Jin Xing	Executives
Peng Jian Wen	Executives

Shenzhen InfoTech Technologies Co (SZSE:300085) Headlines

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