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Mehow Innovative (SZSE:301363) Debt-to-Equity : 0.01 (As of Mar. 2024)


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What is Mehow Innovative Debt-to-Equity?

Mehow Innovative's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥5 Mil. Mehow Innovative's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥10 Mil. Mehow Innovative's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥3,229 Mil. Mehow Innovative's debt to equity for the quarter that ended in Mar. 2024 was 0.00.

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 Mehow Innovative's Debt-to-Equity or its related term are showing as below:

SZSE:301363' s Debt-to-Equity Range Over the Past 10 Years
Min: 0   Med: 0.02   Max: 0.14
Current: 0.01

During the past 6 years, the highest Debt-to-Equity Ratio of Mehow Innovative was 0.14. The lowest was 0.00. And the median was 0.02.

SZSE:301363's Debt-to-Equity is ranked better than
99.86% of 700 companies
in the Medical Devices & Instruments industry
Industry Median: 0.22 vs SZSE:301363: 0.01

Mehow Innovative Debt-to-Equity Historical Data

The historical data trend for Mehow Innovative'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.

Mehow Innovative Debt-to-Equity Chart

Mehow Innovative Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-Equity
Get a 7-Day Free Trial 0.03 - 0.09 - 0.01

Mehow Innovative Quarterly Data
Dec18 Dec19 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 - 0.02 - 0.01 0.01

Competitive Comparison of Mehow Innovative's Debt-to-Equity

For the Medical Devices subindustry, Mehow Innovative'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.


Mehow Innovative's Debt-to-Equity Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Mehow Innovative's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Mehow Innovative's Debt-to-Equity falls into.



Mehow Innovative Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Mehow Innovative's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Mehow Innovative'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.


Mehow Innovative  (SZSE:301363) 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.


Mehow Innovative Debt-to-Equity Related Terms

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


Mehow Innovative (SZSE:301363) Business Description

Traded in Other Exchanges
N/A
Address
No. 3, Baolong Sixth Road, Baolong Street, 101, 201, 401, 101, 201, 401, Building A, Xinzhongqiao Industrial Park, Longgang District, Guangdong Province, Shenzhen, CHN, 518116
Mehow Innovative Ltd is engaged in the design, development, manufacture and sales of precision components and products for medical devices.
Executives
Tan Jing Xia Secretary Dong

Mehow Innovative (SZSE:301363) Headlines

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