Anhui Landun Photoelectron Co (SZSE:300862) Debt-to-Equity : 0.07 (As of Mar. 2024)

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What is Anhui Landun Photoelectron Co Debt-to-Equity?

Anhui Landun Photoelectron Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥57.3 Mil. Anhui Landun Photoelectron Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥76.6 Mil. Anhui Landun Photoelectron Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥2,018.4 Mil. Anhui Landun Photoelectron Co's debt to equity for the quarter that ended in Mar. 2024 was 0.07.

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 Anhui Landun Photoelectron Co's Debt-to-Equity or its related term are showing as below:

SZSE:300862' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.05 Max: 0.34
Current: 0.07

During the past 8 years, the highest Debt-to-Equity Ratio of Anhui Landun Photoelectron Co was 0.34. The lowest was 0.01. And the median was 0.05.

SZSE:300862's Debt-to-Equity is ranked better than
78.78% of 2191 companies
in the Hardware industry
Industry Median: 0.29 vs SZSE:300862: 0.07

Anhui Landun Photoelectron Co Debt-to-Equity Historical Data

The historical data trend for Anhui Landun Photoelectron 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.

Anhui Landun Photoelectron Co Debt-to-Equity Chart

Anhui Landun Photoelectron Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.20

0.01

0.06

0.04

Anhui Landun Photoelectron 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															0.06	0.05	0.05	0.04	0.07

Competitive Comparison of Anhui Landun Photoelectron Co's Debt-to-Equity

For the Scientific & Technical Instruments subindustry, Anhui Landun Photoelectron 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.

Anhui Landun Photoelectron Co's Debt-to-Equity Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Anhui Landun Photoelectron Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Anhui Landun Photoelectron Co's Debt-to-Equity falls into.

Anhui Landun Photoelectron Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Anhui Landun Photoelectron 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
	=	(10.209	+	76.852)	/	2010.106
	=	0.04

Anhui Landun Photoelectron 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
	=	(57.255	+	76.587)	/	2018.382
	=	0.07

Anhui Landun Photoelectron Co (SZSE:300862) 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.

Anhui Landun Photoelectron Co Debt-to-Equity Related Terms

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Anhui Landun Photoelectron Co (SZSE:300862) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Anhui Landun Photoelectron Co Ltd (SZSE:300862) » Definitions » Debt-to-Equity

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Address

Shicheng Road, Electronic Industrial Zone, Anhui Province, Tongling, CHN, 244000

Website

http://www.ldchina.cn

Anhui Landun Photoelectron Co Ltd is engaged in manufacturing of high-end analytical measuring instruments, software development, system integration and engineering, operation and maintenance services, data services and production of military radar components. Its products portfolio includes Smart transportation; Smart environmental protection; Smart weather; Food and drug testing; and Military radar.

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