Yimikang Tech Group Co (SZSE:300249) Debt-to-Equity : 1.03 (As of Mar. 2024)

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What is Yimikang Tech Group Co Debt-to-Equity?

Yimikang Tech Group Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥323.1 Mil. Yimikang Tech Group Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥102.4 Mil. Yimikang Tech Group Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥413.5 Mil. Yimikang Tech Group Co's debt to equity for the quarter that ended in Mar. 2024 was 1.03.

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 Yimikang Tech Group Co's Debt-to-Equity or its related term are showing as below:

SZSE:300249' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.06 Med: 0.71 Max: 1.31
Current: 1.03

During the past 13 years, the highest Debt-to-Equity Ratio of Yimikang Tech Group Co was 1.31. The lowest was 0.06. And the median was 0.71.

SZSE:300249's Debt-to-Equity is ranked worse than
87% of 2193 companies
in the Hardware industry
Industry Median: 0.29 vs SZSE:300249: 1.03

Yimikang Tech Group Co Debt-to-Equity Historical Data

The historical data trend for Yimikang Tech Group 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.

Yimikang Tech Group Co Debt-to-Equity Chart

Yimikang Tech Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

0.79

1.31

1.12

0.82

1.08

Yimikang Tech Group 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															0.83	0.82	0.87	1.08	1.03

Competitive Comparison of Yimikang Tech Group Co's Debt-to-Equity

For the Electronic Components subindustry, Yimikang Tech Group 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.

Yimikang Tech Group Co's Debt-to-Equity Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Yimikang Tech Group Co's Debt-to-Equity distribution charts can be found below:

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

Yimikang Tech Group Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Yimikang Tech Group 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
	=	(327.795	+	113.549)	/	408.259
	=	1.08

Yimikang Tech Group 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
	=	(323.133	+	102.419)	/	413.482
	=	1.03

Yimikang Tech Group Co (SZSE:300249) 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.

Yimikang Tech Group Co Debt-to-Equity Related Terms

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Yimikang Tech Group Co (SZSE:300249) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Yimikang Tech Group Co Ltd (SZSE:300249) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 2, South 2nd Road, Keyuan , High-tech Zone, Sichuan Province, Chengdu, CHN, 610041

Website

http://www.sunrisegroup.com.cn

Yimikang Tech Group Co Ltd offers precision environment integrated solutions & services. It provides technology and solution services for IT construction, large healthcare construction, environmental governance and other cloud computing data centers. It operates in the business areas of the Information field, Medical field, and Environmental protection field. In the Information field, the company offers advanced products and total solutions in the fields of communication equipment, data center, smart building, and energy management. In the Medical field, it offers medical purification engineering, hospital's overall logistics system and medical equipment sales, and other services. Environmental protection consists of operation in the field of dust removal, desulfurization and out of stock.

Executives

Zhang Wan	Directors, executives
Sun Jing Jing	Directors, executives
Sun Yi Zheng	Director
Wang Qian	Executives
Zhang Min	Securities Affairs Representative
Li Nian	Supervisors
Zhou Shu Lan	Directors, executives
Huang Jian Jun	Executives
Xu Xiao	Director
Song Bin	Supervisors

Yimikang Tech Group Co (SZSE:300249) Headlines

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