Sun-Create Electronics Co (SHSE:600990) Debt-to-Equity : 0.84 (As of Mar. 2024)

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What is Sun-Create Electronics Co Debt-to-Equity?

Sun-Create Electronics Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥1,134 Mil. Sun-Create Electronics Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥681 Mil. Sun-Create Electronics Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥2,159 Mil. Sun-Create Electronics Co's debt to equity for the quarter that ended in Mar. 2024 was 0.84.

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 Sun-Create Electronics Co's Debt-to-Equity or its related term are showing as below:

SHSE:600990' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.43 Med: 0.71 Max: 0.9
Current: 0.84

During the past 13 years, the highest Debt-to-Equity Ratio of Sun-Create Electronics Co was 0.90. The lowest was 0.43. And the median was 0.71.

SHSE:600990's Debt-to-Equity is ranked worse than
82.08% of 2193 companies
in the Hardware industry
Industry Median: 0.29 vs SHSE:600990: 0.84

Sun-Create Electronics Co Debt-to-Equity Historical Data

The historical data trend for Sun-Create Electronics 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.

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Sun-Create Electronics Co Debt-to-Equity Chart

Sun-Create Electronics Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.72

0.85

0.79

0.71

0.86

Sun-Create Electronics Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															0.67	0.76	0.77	0.86	0.84

Competitive Comparison of Sun-Create Electronics Co's Debt-to-Equity

For the Communication Equipment subindustry, Sun-Create Electronics 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.

Sun-Create Electronics Co's Debt-to-Equity Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Sun-Create Electronics Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Sun-Create Electronics Co's Debt-to-Equity falls into.

Sun-Create Electronics Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Sun-Create Electronics 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
	=	(1180.769	+	680.684)	/	2162.165
	=	0.86

Sun-Create Electronics 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
	=	(1134.436	+	680.681)	/	2159.298
	=	0.84

Sun-Create Electronics Co (SHSE:600990) 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.

Sun-Create Electronics Co Debt-to-Equity Related Terms

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

Sun-Create Electronics Co (SHSE:600990) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Sun-Create Electronics Co Ltd (SHSE:600990) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

No. 3366, Xiyou Road, High-tech Industrial Development Zone, Anhui Province, Hefei, CHN, 230088

Website

http://www.sun-create.com

Sun-Create Electronics Co Ltd is engaged in military-civilian integration radar industry, smart industry, energy industry. The company designs, produces, installs and sells satellite TV broadcast ground receiving equipment; service of complete radar and its supporting products, integrated circuits, radio and television and microwave communication products, electronic system engineering and its products ; Cable TV engineering design and installation.

Executives

Yu Xiao Qiang	senior management
Han Yao Qing	senior management
Wang Xiang Xin	senior management
Ren Xiao Wei	Directors, senior managers
Wang Jian	senior management
Chen Xiao Hui	senior management
Pan Jie	senior management
Zhou Shi Xing	senior management
Lin Liang	senior management
Wang Jing Yu	senior management

Sun-Create Electronics Co (SHSE:600990) Headlines

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