Shanghai Rychen Technologies Co (SZSE:301273) Debt-to-Equity : 0.02 (As of Mar. 2024)

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What is Shanghai Rychen Technologies Co Debt-to-Equity?

Shanghai Rychen Technologies Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥13.6 Mil. Shanghai Rychen Technologies Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥1.7 Mil. Shanghai Rychen Technologies Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥990.6 Mil. Shanghai Rychen Technologies 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 Shanghai Rychen Technologies Co's Debt-to-Equity or its related term are showing as below:

SZSE:301273' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.21 Max: 0.31
Current: 0.02

During the past 6 years, the highest Debt-to-Equity Ratio of Shanghai Rychen Technologies Co was 0.31. The lowest was 0.01. And the median was 0.21.

SZSE:301273's Debt-to-Equity is ranked better than
93.84% of 2630 companies
in the Industrial Products industry
Industry Median: 0.29 vs SZSE:301273: 0.02

Shanghai Rychen Technologies Co Debt-to-Equity Historical Data

The historical data trend for Shanghai Rychen Technologies 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.

Shanghai Rychen Technologies Co Debt-to-Equity Chart

Shanghai Rychen Technologies Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

0.27

0.21

0.27

0.06

0.01

Shanghai Rychen Technologies Co Quarterly Data
	Dec18	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial												0.05	0.04	0.01	0.01	0.02

Competitive Comparison of Shanghai Rychen Technologies Co's Debt-to-Equity

For the Specialty Industrial Machinery subindustry, Shanghai Rychen Technologies 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.

Shanghai Rychen Technologies Co's Debt-to-Equity Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Shanghai Rychen Technologies Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Shanghai Rychen Technologies Co's Debt-to-Equity falls into.

Shanghai Rychen Technologies Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Shanghai Rychen Technologies 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
	=	(7.94	+	2.459)	/	1009.986
	=	0.01

Shanghai Rychen Technologies 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
	=	(13.59	+	1.733)	/	990.636
	=	0.02

Shanghai Rychen Technologies Co (SZSE:301273) 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.

Shanghai Rychen Technologies Co Debt-to-Equity Related Terms

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Shanghai Rychen Technologies Co (SZSE:301273) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Shanghai Rychen Technologies Co Ltd (SZSE:301273) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 358, Shenxia Road, Area C, Building 3, Jiading District, Shanghai, CHN, 201822

Website

http://www.richenenergy.com.cn

Shanghai Rychen Technologies Co Ltd is engaged in the research and development, design, production and sales of high-efficiency and energy-saving equipment.

Executives

Lv Zeng Li

Supervisors

Shanghai Rychen Technologies Co (SZSE:301273) Headlines

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