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Zhejiang Biyi Electric Appliance Co (SHSE:603215) Debt-to-Equity : 0.01 (As of Mar. 2024)


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What is Zhejiang Biyi Electric Appliance Co Debt-to-Equity?

Zhejiang Biyi Electric Appliance Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥4 Mil. Zhejiang Biyi Electric Appliance Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥1 Mil. Zhejiang Biyi Electric Appliance Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥1,128 Mil. Zhejiang Biyi Electric Appliance Co'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 Zhejiang Biyi Electric Appliance Co's Debt-to-Equity or its related term are showing as below:

SHSE:603215' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01   Med: 0.01   Max: 0.78
Current: 0.01

During the past 6 years, the highest Debt-to-Equity Ratio of Zhejiang Biyi Electric Appliance Co was 0.78. The lowest was 0.01. And the median was 0.01.

SHSE:603215's Debt-to-Equity is ranked better than
99.74% of 382 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 0.345 vs SHSE:603215: 0.01

Zhejiang Biyi Electric Appliance Co Debt-to-Equity Historical Data

The historical data trend for Zhejiang Biyi Electric Appliance 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.

Zhejiang Biyi Electric Appliance Co Debt-to-Equity Chart

Zhejiang Biyi Electric Appliance Co Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-Equity
Get a 7-Day Free Trial 0.78 0.25 0.59 0.01 0.01

Zhejiang Biyi Electric Appliance Co Quarterly Data
Dec18 Dec19 Sep20 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 Premium Member Only 0.01 0.01 0.01 0.01 0.01

Competitive Comparison of Zhejiang Biyi Electric Appliance Co's Debt-to-Equity

For the Furnishings, Fixtures & Appliances subindustry, Zhejiang Biyi Electric Appliance 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.


Zhejiang Biyi Electric Appliance Co's Debt-to-Equity Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Zhejiang Biyi Electric Appliance Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Zhejiang Biyi Electric Appliance Co's Debt-to-Equity falls into.



Zhejiang Biyi Electric Appliance Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Zhejiang Biyi Electric Appliance Co's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Zhejiang Biyi Electric Appliance Co'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.


Zhejiang Biyi Electric Appliance Co  (SHSE:603215) 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.


Zhejiang Biyi Electric Appliance Co Debt-to-Equity Related Terms

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Zhejiang Biyi Electric Appliance Co (SHSE:603215) Business Description

Traded in Other Exchanges
N/A
Address
No. 88, Yuzhaojiang Road, Urban Economic Development Zone, Chengdong New Distric, Zhejiang Province, Yuyao, CHN, 315400
Zhejiang Biyi Electric Appliance Co Ltd is engaged in the design, manufacture and sale of air fryers, air ovens, deep fryers, grillers and other small heating kitchen appliances.
Executives
Lin Jian Yue senior management
Hu Dong Sheng Director
Jin Xiao Hong Director
Tan Xiong senior management

Zhejiang Biyi Electric Appliance Co (SHSE:603215) Headlines

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