Wuhan DR Laser Technology (SZSE:300776) Debt-to-Equity : 0.24 (As of Mar. 2024)

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What is Wuhan DR Laser Technology Debt-to-Equity?

Wuhan DR Laser Technology's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥3 Mil. Wuhan DR Laser Technology's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥766 Mil. Wuhan DR Laser Technology's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥3,159 Mil. Wuhan DR Laser Technology's debt to equity for the quarter that ended in Mar. 2024 was 0.24.

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 Wuhan DR Laser Technology's Debt-to-Equity or its related term are showing as below:

SZSE:300776' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.27 Max: 0.32
Current: 0.24

During the past 11 years, the highest Debt-to-Equity Ratio of Wuhan DR Laser Technology was 0.32. The lowest was 0.00. And the median was 0.27.

SZSE:300776's Debt-to-Equity is ranked better than
55.51% of 2630 companies
in the Industrial Products industry
Industry Median: 0.29 vs SZSE:300776: 0.24

Wuhan DR Laser Technology Debt-to-Equity Historical Data

The historical data trend for Wuhan DR Laser Technology'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.

Wuhan DR Laser Technology Debt-to-Equity Chart

Wuhan DR Laser Technology Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

0.30

0.28

0.25

Wuhan DR Laser Technology 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															0.27	0.27	0.26	0.25	0.24

Competitive Comparison of Wuhan DR Laser Technology's Debt-to-Equity

For the Specialty Industrial Machinery subindustry, Wuhan DR Laser Technology'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.

Wuhan DR Laser Technology's Debt-to-Equity Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Wuhan DR Laser Technology's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Wuhan DR Laser Technology's Debt-to-Equity falls into.

Wuhan DR Laser Technology Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Wuhan DR Laser Technology'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
	=	(2.709	+	758.94)	/	3071.945
	=	0.25

Wuhan DR Laser Technology'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
	=	(2.573	+	765.507)	/	3159.127
	=	0.24

Wuhan DR Laser Technology (SZSE:300776) 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.

Wuhan DR Laser Technology Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Wuhan DR Laser Technology's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Wuhan DR Laser Technology (SZSE:300776) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Wuhan DR Laser Technology Corp Ltd (SZSE:300776) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 4, Road 2 Huashi Park, Optical Valley, East Lake High-tech Development Zone, Wuhan, CHN, 430223

Website

http://www.drlaser.com.cn

Wuhan DR Laser Technology Corp Ltd is a laser equipment manufacturer. The company develops, manufactures, sales and serves the laser equipments focused on solar cell applications. It also provides the customer with various of laser related equipment such as the ITO Laser Machine, Laser Cutting and Drilling for OGS Screen Glass and Ceramic Plate Cutting.

Executives

Duan Xiao Ting	Directors, executives
Li Zhi Gang	Directors, executives
Liu Zhi Bo	Directors, executives
Zhu Fan	Directors, executives
Peng Xin Bo	Supervisors

Wuhan DR Laser Technology (SZSE:300776) Headlines

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