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Zhejiang Meorient Commerce & Exhibition (SZSE:300795) Debt-to-Equity : 0.02 (As of Mar. 2024)


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What is Zhejiang Meorient Commerce & Exhibition Debt-to-Equity?

Zhejiang Meorient Commerce & Exhibition's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥5.9 Mil. Zhejiang Meorient Commerce & Exhibition's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥6.4 Mil. Zhejiang Meorient Commerce & Exhibition's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥662.5 Mil. Zhejiang Meorient Commerce & Exhibition's debt to equity for the quarter that ended in Mar. 2024 was 0.02.

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 Zhejiang Meorient Commerce & Exhibition's Debt-to-Equity or its related term are showing as below:

SZSE:300795' s Debt-to-Equity Range Over the Past 10 Years
Min: 0   Med: 0.01   Max: 0.03
Current: 0.02

During the past 12 years, the highest Debt-to-Equity Ratio of Zhejiang Meorient Commerce & Exhibition was 0.03. The lowest was 0.00. And the median was 0.01.

SZSE:300795's Debt-to-Equity is ranked better than
95.34% of 923 companies
in the Business Services industry
Industry Median: 0.37 vs SZSE:300795: 0.02

Zhejiang Meorient Commerce & Exhibition Debt-to-Equity Historical Data

The historical data trend for Zhejiang Meorient Commerce & Exhibition'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.

Zhejiang Meorient Commerce & Exhibition Debt-to-Equity Chart

Zhejiang Meorient Commerce & Exhibition Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - 0.01 0.02 0.01

Zhejiang Meorient Commerce & Exhibition 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.02 0.01 0.01 0.01 0.02

Competitive Comparison of Zhejiang Meorient Commerce & Exhibition's Debt-to-Equity

For the Specialty Business Services subindustry, Zhejiang Meorient Commerce & Exhibition'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.


Zhejiang Meorient Commerce & Exhibition's Debt-to-Equity Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Zhejiang Meorient Commerce & Exhibition's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Zhejiang Meorient Commerce & Exhibition's Debt-to-Equity falls into.



Zhejiang Meorient Commerce & Exhibition Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Zhejiang Meorient Commerce & Exhibition's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Zhejiang Meorient Commerce & Exhibition's Debt to Equity Ratio for the quarter that ended in Mar. 2024 is calculated as

* 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.


Zhejiang Meorient Commerce & Exhibition  (SZSE:300795) 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.


Zhejiang Meorient Commerce & Exhibition Debt-to-Equity Related Terms

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Zhejiang Meorient Commerce & Exhibition (SZSE:300795) Business Description

Traded in Other Exchanges
N/A
Address
No. 666, Baiyang Street, Room 912, Building 3, No. 452, Economic and Technological Development Zone, Zhejiang, Hangzhou, CHN, 310018
Zhejiang Meorient Commerce & Exhibition Inc is a conference and exhibition service provider.
Executives
Pan Jian Jun Director
Yao Zong Xian Directors, Directors, and Executives
Fang Huan Sheng Directors, executives
Liu Feng Yi Executives
Zhang Min Qing Supervisors
He Wen Xi Supervisors
Zheng Wei Executives
Cheng Yi Jun Executives

Zhejiang Meorient Commerce & Exhibition (SZSE:300795) Headlines

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