Shanghai Fortune Techgroup Co (SZSE:300493) Debt-to-Equity : 0.14 (As of Mar. 2024)

View and export this data going back to 2015. Start your Free Trial

What is Shanghai Fortune Techgroup Co Debt-to-Equity?

Shanghai Fortune Techgroup Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥141 Mil. Shanghai Fortune Techgroup Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥9 Mil. Shanghai Fortune Techgroup Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥1,073 Mil. Shanghai Fortune Techgroup Co's debt to equity for the quarter that ended in Mar. 2024 was 0.14.

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 Shanghai Fortune Techgroup Co's Debt-to-Equity or its related term are showing as below:

SZSE:300493' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.17 Max: 0.82
Current: 0.14

During the past 13 years, the highest Debt-to-Equity Ratio of Shanghai Fortune Techgroup Co was 0.82. The lowest was 0.01. And the median was 0.17.

SZSE:300493's Debt-to-Equity is ranked better than
63.36% of 876 companies
in the Semiconductors industry
Industry Median: 0.26 vs SZSE:300493: 0.14

Shanghai Fortune Techgroup Co Debt-to-Equity Historical Data

The historical data trend for Shanghai Fortune Techgroup 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.

Shanghai Fortune Techgroup Co Debt-to-Equity Chart

Shanghai Fortune Techgroup Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

0.07

0.10

0.12

0.17

0.12

Shanghai Fortune Techgroup 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															0.18	0.13	0.10	0.12	0.14

Competitive Comparison of Shanghai Fortune Techgroup Co's Debt-to-Equity

For the Semiconductors subindustry, Shanghai Fortune Techgroup 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.

Shanghai Fortune Techgroup Co's Debt-to-Equity Distribution in the Semiconductors Industry

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

* The bar in red indicates where Shanghai Fortune Techgroup Co's Debt-to-Equity falls into.

Shanghai Fortune Techgroup Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Shanghai Fortune Techgroup 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
	=	(115.104	+	11.286)	/	1059.972
	=	0.12

Shanghai Fortune Techgroup 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
	=	(140.798	+	9.412)	/	1072.656
	=	0.14

Shanghai Fortune Techgroup Co (SZSE:300493) 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.

Shanghai Fortune Techgroup Co Debt-to-Equity Related Terms

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

Shanghai Fortune Techgroup Co (SZSE:300493) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Shanghai Fortune Techgroup Co Ltd (SZSE:300493) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 200, Tianlin Road, 3rd Floor, Room 301, Building A2, China Fortune Properties, Xuhui District, Shanghai, CHN, 200233

Website

http://www.fortune-co.com

Shanghai Fortune Techgroup Co Ltd is a provider of semiconductor chips and solutions for the telecommunication industry in China. The company products include wired and wireless communications, radio frequency and power amplifier type of components, sensors, and others. The company provides different solutions for smart home, smart cities, surveillance, and fingerprint identification applications.

Executives

Wang Ye	Supervisors
Le Zhen Wu	Independent director

Shanghai Fortune Techgroup Co (SZSE:300493) Headlines

No Headlines