Guangdong Hongming Intelligent Joint Stock Co (SZSE:301105) Debt-to-Equity : 0.02 (As of Mar. 2024)

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What is Guangdong Hongming Intelligent Joint Stock Co Debt-to-Equity?

Guangdong Hongming Intelligent Joint Stock Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥4.3 Mil. Guangdong Hongming Intelligent Joint Stock Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥15.0 Mil. Guangdong Hongming Intelligent Joint Stock Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥856.6 Mil. Guangdong Hongming Intelligent Joint Stock Co'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 Guangdong Hongming Intelligent Joint Stock Co's Debt-to-Equity or its related term are showing as below:

SZSE:301105' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.05 Max: 0.14
Current: 0.02

During the past 7 years, the highest Debt-to-Equity Ratio of Guangdong Hongming Intelligent Joint Stock Co was 0.14. The lowest was 0.00. And the median was 0.05.

SZSE:301105's Debt-to-Equity is ranked better than
93.84% of 2630 companies
in the Industrial Products industry
Industry Median: 0.29 vs SZSE:301105: 0.02

Guangdong Hongming Intelligent Joint Stock Co Debt-to-Equity Historical Data

The historical data trend for Guangdong Hongming Intelligent Joint Stock 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 Hongming Intelligent Joint Stock Co Debt-to-Equity Chart

Guangdong Hongming Intelligent Joint Stock Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.09

0.07

0.06

0.02

Guangdong Hongming Intelligent Joint Stock Co Quarterly Data
	Dec17	Dec18	Dec19	Jun20	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial												0.04	0.03	0.03	0.02	0.02

Competitive Comparison of Guangdong Hongming Intelligent Joint Stock Co's Debt-to-Equity

For the Specialty Industrial Machinery subindustry, Guangdong Hongming Intelligent Joint Stock 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 Hongming Intelligent Joint Stock Co's Debt-to-Equity Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Guangdong Hongming Intelligent Joint Stock Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Guangdong Hongming Intelligent Joint Stock Co's Debt-to-Equity falls into.

Guangdong Hongming Intelligent Joint Stock Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Guangdong Hongming Intelligent Joint Stock 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
	=	(4.098	+	16.294)	/	852.267
	=	0.02

Guangdong Hongming Intelligent Joint Stock 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
	=	(4.292	+	15.029)	/	856.607
	=	0.02

Guangdong Hongming Intelligent Joint Stock Co (SZSE:301105) 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 Hongming Intelligent Joint Stock Co Debt-to-Equity Related Terms

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Guangdong Hongming Intelligent Joint Stock Co (SZSE:301105) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Guangdong Hongming Intelligent Joint Stock Co Ltd (SZSE:301105) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

New Industrial Zone, Niushan Cutou, Dongcheng District, Guangdong Province, Dongguan, CHN, 523128

Website

http://www.dghongming.com

Guangdong Hongming Intelligent Joint Stock Co Ltd is an enterprise specializing in providing high-quality box packaging, intelligent equipment for paper and plastic equipment, and complete line automation solutions.

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