Wecome Intelligent Manufacturing Co (SHSE:603070) Debt-to-Equity : 0.26 (As of Mar. 2024)

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What is Wecome Intelligent Manufacturing Co Debt-to-Equity?

Wecome Intelligent Manufacturing Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥485 Mil. Wecome Intelligent Manufacturing Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥51 Mil. Wecome Intelligent Manufacturing Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥2,097 Mil. Wecome Intelligent Manufacturing Co's debt to equity for the quarter that ended in Mar. 2024 was 0.26.

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 Wecome Intelligent Manufacturing Co's Debt-to-Equity or its related term are showing as below:

SHSE:603070' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.18 Med: 0.25 Max: 0.91
Current: 0.26

During the past 6 years, the highest Debt-to-Equity Ratio of Wecome Intelligent Manufacturing Co was 0.91. The lowest was 0.18. And the median was 0.25.

SHSE:603070's Debt-to-Equity is ranked better than
53.27% of 2632 companies
in the Industrial Products industry
Industry Median: 0.29 vs SHSE:603070: 0.26

Wecome Intelligent Manufacturing Co Debt-to-Equity Historical Data

The historical data trend for Wecome Intelligent Manufacturing 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.

Wecome Intelligent Manufacturing Co Debt-to-Equity Chart

Wecome Intelligent Manufacturing Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.40

0.37

0.30

0.20

Wecome Intelligent Manufacturing 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											0.26	0.24	0.22	0.20	0.26

Competitive Comparison of Wecome Intelligent Manufacturing Co's Debt-to-Equity

For the Electrical Equipment & Parts subindustry, Wecome Intelligent Manufacturing 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.

Wecome Intelligent Manufacturing Co's Debt-to-Equity Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Wecome Intelligent Manufacturing Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Wecome Intelligent Manufacturing Co's Debt-to-Equity falls into.

Wecome Intelligent Manufacturing Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Wecome Intelligent Manufacturing 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
	=	(285.268	+	138.943)	/	2090.461
	=	0.20

Wecome Intelligent Manufacturing 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
	=	(485.34	+	50.882)	/	2097.007
	=	0.26

Wecome Intelligent Manufacturing Co (SHSE:603070) 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.

Wecome Intelligent Manufacturing Co Debt-to-Equity Related Terms

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Wecome Intelligent Manufacturing Co (SHSE:603070) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Wecome Intelligent Manufacturing Co Ltd (SHSE:603070) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

Wenzhou Bridge Industrial Park, Wankong Intelligent Manufacturing Building, Beibaixiang Town, Zhejiang Province, Yueqing, CHN, 325600

Website

http://www.wecome.com.cn

Wecome Intelligent Manufacturing Co Ltd is engaged in the research and development, production and sales of distribution switch control equipment.

Wecome Intelligent Manufacturing Co (SHSE:603070) Headlines

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