Shanghai W-Ibeda High Tech Group Co (SHSE:688071) Debt-to-Equity : 0.90 (As of Mar. 2024)

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What is Shanghai W-Ibeda High Tech Group Co Debt-to-Equity?

Shanghai W-Ibeda High Tech Group Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥557.6 Mil. Shanghai W-Ibeda High Tech Group Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥358.8 Mil. Shanghai W-Ibeda High Tech Group Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥1,022.3 Mil. Shanghai W-Ibeda High Tech Group Co's debt to equity for the quarter that ended in Mar. 2024 was 0.90.

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 Shanghai W-Ibeda High Tech Group Co's Debt-to-Equity or its related term are showing as below:

SHSE:688071' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.63 Med: 1.01 Max: 2.23
Current: 0.9

During the past 7 years, the highest Debt-to-Equity Ratio of Shanghai W-Ibeda High Tech Group Co was 2.23. The lowest was 0.63. And the median was 1.01.

SHSE:688071's Debt-to-Equity is ranked worse than
70.54% of 1171 companies
in the Vehicles & Parts industry
Industry Median: 0.47 vs SHSE:688071: 0.90

Shanghai W-Ibeda High Tech Group Co Debt-to-Equity Historical Data

The historical data trend for Shanghai W-Ibeda High Tech Group 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.

Shanghai W-Ibeda High Tech Group Co Debt-to-Equity Chart

Shanghai W-Ibeda High Tech Group Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.90

1.05

0.75

1.19

0.82

Shanghai W-Ibeda High Tech Group Co Quarterly Data
	Dec17	Dec18	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															1.20	0.63	0.64	0.82	0.90

Competitive Comparison of Shanghai W-Ibeda High Tech Group Co's Debt-to-Equity

For the Auto Parts subindustry, Shanghai W-Ibeda High Tech Group 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.

Shanghai W-Ibeda High Tech Group Co's Debt-to-Equity Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Shanghai W-Ibeda High Tech Group Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Shanghai W-Ibeda High Tech Group Co's Debt-to-Equity falls into.

Shanghai W-Ibeda High Tech Group Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Shanghai W-Ibeda High Tech Group 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
	=	(529.178	+	326.964)	/	1038.941
	=	0.82

Shanghai W-Ibeda High Tech Group 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
	=	(557.604	+	358.754)	/	1022.262
	=	0.90

Shanghai W-Ibeda High Tech Group Co (SHSE:688071) 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.

Shanghai W-Ibeda High Tech Group Co Debt-to-Equity Related Terms

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Shanghai W-Ibeda High Tech Group Co (SHSE:688071) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Shanghai W-Ibeda High Tech Group Co Ltd (SHSE:688071) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

No. 400 Fangchun Road, Room 301-206, 3rd Floor, Building 1, Pilot Free Trade Zone, Shanghai, CHN, 201202

Website

http://www.w-ibeda.com

Shanghai W-Ibeda High Tech Group Co Ltd is engaged in the research and development, design, manufacturing, sales and provision of related testing services for intelligent test equipment for automotive powertrains.

Executives

Wang Yu	Core technical personnel
Pan Min	Director
Zhang Jie Ping	Core technical personnel
	Core technical personnel

Shanghai W-Ibeda High Tech Group Co (SHSE:688071) Headlines

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