Guanze Medical Information Industry (Holding) Co (HKSE:02427) Debt-to-Equity : 0.08 (As of Dec. 2023)

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What is Guanze Medical Information Industry (Holding) Co Debt-to-Equity?

Guanze Medical Information Industry (Holding) Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$23.5 Mil. Guanze Medical Information Industry (Holding) Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$0.4 Mil. Guanze Medical Information Industry (Holding) Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was HK$294.7 Mil. Guanze Medical Information Industry (Holding) Co's debt to equity for the quarter that ended in Dec. 2023 was 0.08.

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 Guanze Medical Information Industry (Holding) Co's Debt-to-Equity or its related term are showing as below:

HKSE:02427' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.09 Max: 0.1
Current: 0.08

During the past 5 years, the highest Debt-to-Equity Ratio of Guanze Medical Information Industry (Holding) Co was 0.10. The lowest was 0.01. And the median was 0.09.

HKSE:02427's Debt-to-Equity is ranked better than
76.17% of 193 companies
in the Medical Diagnostics & Research industry
Industry Median: 0.23 vs HKSE:02427: 0.08

Guanze Medical Information Industry (Holding) Co Debt-to-Equity Historical Data

The historical data trend for Guanze Medical Information Industry (Holding) 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.

Guanze Medical Information Industry (Holding) Co Debt-to-Equity Chart

Guanze Medical Information Industry (Holding) Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

0.01

0.09

0.10

0.08

Guanze Medical Information Industry (Holding) Co Semi-Annual Data
	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial			0.09	0.17	0.10	0.12	0.08

Competitive Comparison of Guanze Medical Information Industry (Holding) Co's Debt-to-Equity

For the Diagnostics & Research subindustry, Guanze Medical Information Industry (Holding) 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.

Guanze Medical Information Industry (Holding) Co's Debt-to-Equity Distribution in the Medical Diagnostics & Research Industry

For the Medical Diagnostics & Research industry and Healthcare sector, Guanze Medical Information Industry (Holding) Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Guanze Medical Information Industry (Holding) Co's Debt-to-Equity falls into.

Guanze Medical Information Industry (Holding) Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Guanze Medical Information Industry (Holding) 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
	=	(23.465	+	0.429)	/	294.665
	=	0.08

Guanze Medical Information Industry (Holding) Co's Debt to Equity Ratio for the quarter 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
	=	(23.465	+	0.429)	/	294.665
	=	0.08

Guanze Medical Information Industry (Holding) Co (HKSE:02427) 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.

Guanze Medical Information Industry (Holding) Co Debt-to-Equity Related Terms

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Guanze Medical Information Industry (Holding) Co (HKSE:02427) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Diagnostics & Research » Guanze Medical Information Industry (Holding) Co Ltd (HKSE:02427) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 2966 Chunhui Road, Room 501-A, Block 10 Strategic Emerging Industry Base, High-tech Zone, Shandong Province, Jinan, CHN

Website

https://www.guanzegroup.com

Guanze Medical Information Industry (Holding) Co Ltd is a medical imaging solutions provider, principally engaged in providing medical imaging film products and medical imaging cloud services in Shandong Province.

Executives

Meng A Capital Limited	2101 Beneficial owner
Meng Xianzhen	2201 Interest of corporation controlled by you
Yang Duanling	2202 Interest of your spouse

Guanze Medical Information Industry (Holding) Co (HKSE:02427) Headlines

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