Guangdong Aofei Data Technology Co (SZSE:300738) Debt-to-Equity : 1.37 (As of Mar. 2024)

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What is Guangdong Aofei Data Technology Co Debt-to-Equity?

Guangdong Aofei Data Technology Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥1,886 Mil. Guangdong Aofei Data Technology Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥2,496 Mil. Guangdong Aofei Data Technology Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥3,204 Mil. Guangdong Aofei Data Technology Co's debt to equity for the quarter that ended in Mar. 2024 was 1.37.

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 Guangdong Aofei Data Technology Co's Debt-to-Equity or its related term are showing as below:

SZSE:300738' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.98 Max: 2.2
Current: 1.37

During the past 11 years, the highest Debt-to-Equity Ratio of Guangdong Aofei Data Technology Co was 2.20. The lowest was 0.01. And the median was 0.98.

SZSE:300738's Debt-to-Equity is ranked worse than
89.87% of 2222 companies
in the Software industry
Industry Median: 0.21 vs SZSE:300738: 1.37

Guangdong Aofei Data Technology Co Debt-to-Equity Historical Data

The historical data trend for Guangdong Aofei Data Technology 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.

Guangdong Aofei Data Technology Co Debt-to-Equity Chart

Guangdong Aofei Data Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.79

0.83

1.76

2.20

1.34

Guangdong Aofei Data Technology 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															2.20	1.33	1.25	1.34	1.37

Competitive Comparison of Guangdong Aofei Data Technology Co's Debt-to-Equity

For the Information Technology Services subindustry, Guangdong Aofei Data Technology 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.

Guangdong Aofei Data Technology Co's Debt-to-Equity Distribution in the Software Industry

For the Software industry and Technology sector, Guangdong Aofei Data Technology Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Guangdong Aofei Data Technology Co's Debt-to-Equity falls into.

Guangdong Aofei Data Technology Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Guangdong Aofei Data Technology 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
	=	(1801.105	+	2293.874)	/	3065.039
	=	1.34

Guangdong Aofei Data Technology 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
	=	(1885.81	+	2496.308)	/	3203.88
	=	1.37

Guangdong Aofei Data Technology Co (SZSE:300738) 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.

Guangdong Aofei Data Technology Co Debt-to-Equity Related Terms

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Guangdong Aofei Data Technology Co (SZSE:300738) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Guangdong Aofei Data Technology Co Ltd (SZSE:300738) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Lane 80, Room 421, Nansha District, Guangdong, Guangzhou, CHN, 510630

Website

http://www.ofidc.com

Guangdong Aofei Data Technology Co Ltd is an information technology company. It is a professional data center business operators and integrated communications operators. The company's services include data center services, disaster recovery, remote sites and other internet value-added services and products along with server hosting, server rent and BGP access service.

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