Huaqin Technology Co (SHSE:603296) Debt-to-Equity : 0.30 (As of Mar. 2024)

View and export this data going back to 2023. Start your Free Trial

What is Huaqin Technology Co Debt-to-Equity?

Huaqin Technology Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥5,130 Mil. Huaqin Technology Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥1,196 Mil. Huaqin Technology Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥21,324 Mil. Huaqin Technology Co's debt to equity for the quarter that ended in Mar. 2024 was 0.30.

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 Huaqin Technology Co's Debt-to-Equity or its related term are showing as below:

SHSE:603296' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.19 Med: 0.39 Max: 1.21
Current: 0.3

During the past 13 years, the highest Debt-to-Equity Ratio of Huaqin Technology Co was 1.21. The lowest was 0.19. And the median was 0.39.

SHSE:603296's Debt-to-Equity is ranked worse than
51.09% of 2192 companies
in the Hardware industry
Industry Median: 0.28 vs SHSE:603296: 0.30

Huaqin Technology Co Debt-to-Equity Historical Data

The historical data trend for Huaqin Technology 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.

Huaqin Technology Co Debt-to-Equity Chart

Huaqin Technology Co Annual Data

Trend

Dec09

Dec10

Dec11

Dec12

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

0.39

0.19

0.39

0.51

0.31

Huaqin Technology Co Quarterly Data
	Dec11	Mar12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec18	Dec19	Dec20	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															1.21	0.51	0.38	0.31	0.30

Competitive Comparison of Huaqin Technology Co's Debt-to-Equity

For the Consumer Electronics subindustry, Huaqin Technology 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.

Huaqin Technology Co's Debt-to-Equity Distribution in the Hardware Industry

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

* The bar in red indicates where Huaqin Technology Co's Debt-to-Equity falls into.

Huaqin Technology Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Huaqin Technology 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
	=	(4930.372	+	1614.146)	/	20866.332
	=	0.31

Huaqin Technology 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
	=	(5129.778	+	1196.146)	/	21324.28
	=	0.30

Huaqin Technology Co (SHSE:603296) 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.

Huaqin Technology Co Debt-to-Equity Related Terms

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

Huaqin Technology Co (SHSE:603296) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Huaqin Technology Co Ltd (SHSE:603296) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

Building 1, No. 399 Keyuan Road, China (Shanghai) Pilot Free Trade Zone, Pudong New Area, Shanghai, CHN, 201203

Website

https://www.huaqin.com

Huaqin Technology Co Ltd is engaged in the research & development, design, manufacturing and operation of intelligent hardware products. The company provides global technology brand customers with end-to-end services at product level, system level, software and hardware research and development, and operation and manufacturing.

Huaqin Technology Co (SHSE:603296) Headlines

No Headlines