Long Young Electronic (Kunshan) Co (SZSE:301389) Debt-to-Equity : 0.01 (As of Mar. 2024)

View and export this data going back to 2022. Start your Free Trial

What is Long Young Electronic (Kunshan) Co Debt-to-Equity?

Long Young Electronic (Kunshan) Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥7.6 Mil. Long Young Electronic (Kunshan) Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥3.3 Mil. Long Young Electronic (Kunshan) Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥2,159.9 Mil. Long Young Electronic (Kunshan) Co's debt to equity for the quarter that ended in Mar. 2024 was 0.01.

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 Long Young Electronic (Kunshan) Co's Debt-to-Equity or its related term are showing as below:

SZSE:301389' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.01 Max: 0.04
Current: 0.01

During the past 6 years, the highest Debt-to-Equity Ratio of Long Young Electronic (Kunshan) Co was 0.04. The lowest was 0.00. And the median was 0.01.

SZSE:301389's Debt-to-Equity is ranked better than
99.95% of 2193 companies
in the Hardware industry
Industry Median: 0.28 vs SZSE:301389: 0.01

Long Young Electronic (Kunshan) Co Debt-to-Equity Historical Data

The historical data trend for Long Young Electronic (Kunshan) 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.

Long Young Electronic (Kunshan) Co Debt-to-Equity Chart

Long Young Electronic (Kunshan) Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

0.04

0.01

Long Young Electronic (Kunshan) Co 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											-	-	0.01	0.01	0.01

Competitive Comparison of Long Young Electronic (Kunshan) Co's Debt-to-Equity

For the Electronic Components subindustry, Long Young Electronic (Kunshan) 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.

Long Young Electronic (Kunshan) Co's Debt-to-Equity Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Long Young Electronic (Kunshan) Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Long Young Electronic (Kunshan) Co's Debt-to-Equity falls into.

Long Young Electronic (Kunshan) Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Long Young Electronic (Kunshan) 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
	=	(7.018	+	3.446)	/	2233.119
	=	0.00

Long Young Electronic (Kunshan) 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
	=	(7.631	+	3.343)	/	2159.945
	=	0.01

Long Young Electronic (Kunshan) Co (SZSE:301389) 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.

Long Young Electronic (Kunshan) Co Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Long Young Electronic (Kunshan) Co's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Long Young Electronic (Kunshan) Co (SZSE:301389) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Long Young Electronic (Kunshan) Co Ltd (SZSE:301389) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 99, Shunchang Road, Zhoushi Town, Jiangsu Province, Kunshan, CHN, 215313

Website

https://www.longyoung.com

Long Young Electronic (Kunshan) Co Ltd is engaged in the research and development, production and sales of electromagnetic shielding materials.

Long Young Electronic (Kunshan) Co (SZSE:301389) Headlines

No Headlines