Zhejiang Tengen Electric Co (SHSE:605066) Debt-to-Equity : 0.01 (As of Mar. 2024)

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What is Zhejiang Tengen Electric Co Debt-to-Equity?

Zhejiang Tengen Electric Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥5 Mil. Zhejiang Tengen Electric Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥7 Mil. Zhejiang Tengen Electric Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥1,865 Mil. Zhejiang Tengen Electric Co's debt to equity for the quarter that ended in Mar. 2024 was 0.01.

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

SHSE:605066' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.05 Max: 0.75
Current: 0.01

During the past 8 years, the highest Debt-to-Equity Ratio of Zhejiang Tengen Electric Co was 0.75. The lowest was 0.01. And the median was 0.05.

SHSE:605066's Debt-to-Equity is ranked better than
99.95% of 2195 companies
in the Hardware industry
Industry Median: 0.28 vs SHSE:605066: 0.01

Zhejiang Tengen Electric Co Debt-to-Equity Historical Data

The historical data trend for Zhejiang Tengen Electric 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 Tengen Electric Co Debt-to-Equity Chart

Zhejiang Tengen Electric Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.16

0.03

0.06

0.05

0.01

Zhejiang Tengen Electric 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															0.02	0.04	0.01	0.01	0.01

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

For the Electronic Components subindustry, Zhejiang Tengen Electric 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 Tengen Electric Co's Debt-to-Equity Distribution in the Hardware Industry

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

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

Zhejiang Tengen Electric Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Zhejiang Tengen Electric 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
	=	(9.696	+	5.423)	/	1833.895
	=	0.01

Zhejiang Tengen Electric 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
	=	(5.473	+	6.859)	/	1865.181
	=	0.01

Zhejiang Tengen Electric Co (SHSE:605066) 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 Tengen Electric Co Debt-to-Equity Related Terms

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

Zhejiang Tengen Electric Co (SHSE:605066) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Zhejiang Tengen Electric Co Ltd (SHSE:605066) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

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Address

Sulu Industrial Zone, Liushi Town, Zhejiang Province, Yueqing, CHN, 325604

Website

http://www.tengen.com

Zhejiang Tengen Electric Co Ltd is engaged in production and sales of low-voltage electrical products such as power distribution appliances, control appliances, terminal appliances, power appliances, and instrument appliances. The company produces industrial electrical products such as low-voltage power distribution and industrial control electrical appliances, smart meters, power supplies, frequency converters, high-voltage electrical appliances, and construction electrical appliances, for electric power, communications, new energy, industrial and civil construction, metallurgy, petrochemical, machinery manufacturing.

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