ArcherMind Technology (Nanjing) Co (SZSE:300598) Debt-to-Equity : 0.21 (As of Mar. 2024)

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What is ArcherMind Technology (Nanjing) Co Debt-to-Equity?

ArcherMind Technology (Nanjing) Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥321 Mil. ArcherMind Technology (Nanjing) Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥5 Mil. ArcherMind Technology (Nanjing) Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥1,575 Mil. ArcherMind Technology (Nanjing) Co's debt to equity for the quarter that ended in Mar. 2024 was 0.21.

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 ArcherMind Technology (Nanjing) Co's Debt-to-Equity or its related term are showing as below:

SZSE:300598' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.09 Med: 0.19 Max: 0.37
Current: 0.21

During the past 13 years, the highest Debt-to-Equity Ratio of ArcherMind Technology (Nanjing) Co was 0.37. The lowest was 0.09. And the median was 0.19.

SZSE:300598's Debt-to-Equity is ranked better than
50.32% of 2216 companies
in the Software industry
Industry Median: 0.21 vs SZSE:300598: 0.21

ArcherMind Technology (Nanjing) Co Debt-to-Equity Historical Data

The historical data trend for ArcherMind Technology (Nanjing) 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.

ArcherMind Technology (Nanjing) Co Debt-to-Equity Chart

ArcherMind Technology (Nanjing) Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.16

0.17

0.24

0.31

ArcherMind Technology (Nanjing) 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															0.33	0.36	0.37	0.31	0.21

Competitive Comparison of ArcherMind Technology (Nanjing) Co's Debt-to-Equity

For the Information Technology Services subindustry, ArcherMind Technology (Nanjing) 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.

ArcherMind Technology (Nanjing) Co's Debt-to-Equity Distribution in the Software Industry

For the Software industry and Technology sector, ArcherMind Technology (Nanjing) Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where ArcherMind Technology (Nanjing) Co's Debt-to-Equity falls into.

ArcherMind Technology (Nanjing) Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

ArcherMind Technology (Nanjing) 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
	=	(468.858	+	7.959)	/	1542.658
	=	0.31

ArcherMind Technology (Nanjing) 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
	=	(320.55	+	5.1)	/	1574.727
	=	0.21

ArcherMind Technology (Nanjing) Co (SZSE:300598) 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.

ArcherMind Technology (Nanjing) Co Debt-to-Equity Related Terms

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ArcherMind Technology (Nanjing) Co (SZSE:300598) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » ArcherMind Technology (Nanjing) Co Ltd (SZSE:300598) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 19 Ningshuang Road, Yuhuatai District, Building B, Nanjing, Jiangsu, Nanjing, CHN, 210012

Website

https://www.archermind.com

ArcherMind Technology (Nanjing) Co Ltd is a China-based company engaged in offering software research, development, and consulting service in the fields of mobile devices and internet software. It provides solutions in the fields of Intelligent terminals, Smart automotive, Internet of Things (IoT) and Mobile internet. In Intelligent terminals, the company provides solutions for smartphone, tablet and virtual reality. Smart automotive comprise solutions such as digital cluster, automotive infotainment, intelligent cloud mirror, and smart cockpit. IoT solutions offer solutions for healthcare, home, kitchen and bath, whereas Mobile internet involves finance solutions. The company has a business presence around the world.

Executives

Wang Kun	Directors, executives
Wang Jin Feng	Directors, executives
Huang Hai Yan	Directors, executives
Liu He Yi	Director
Liu Yong	Independent director

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