NanJing GOVA Technology Co (SHSE:688539) Debt-to-Equity : 0.00 (As of Mar. 2024)

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What is NanJing GOVA Technology Co Debt-to-Equity?

NanJing GOVA Technology Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥1.1 Mil. NanJing GOVA Technology Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥0.6 Mil. NanJing GOVA Technology Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥1,789.1 Mil. NanJing GOVA Technology 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 NanJing GOVA Technology Co's Debt-to-Equity or its related term are showing as below:

During the past 7 years, the highest Debt-to-Equity Ratio of NanJing GOVA Technology Co was 0.42. The lowest was 0.00. And the median was 0.02.

SHSE:688539's Debt-to-Equity is not ranked ^*
in the Hardware industry.
Industry Median: 0.29
* Ranked among companies with meaningful Debt-to-Equity only.

NanJing GOVA Technology Co Debt-to-Equity Historical Data

The historical data trend for NanJing GOVA 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.

NanJing GOVA Technology Co Debt-to-Equity Chart

NanJing GOVA Technology Co Annual Data

Trend

Dec13

Dec14

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.42

0.25

0.06

0.02

0.01

NanJing GOVA Technology Co Quarterly Data
	Dec13	Jun14	Dec14	Jun15	Dec19	Dec20	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial												0.02	0.01	0.01	0.01	-

Competitive Comparison of NanJing GOVA Technology Co's Debt-to-Equity

For the Electronic Components subindustry, NanJing GOVA 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.

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

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

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

NanJing GOVA Technology Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

NanJing GOVA 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
	=	(10.577	+	0.14)	/	1770.058
	=	0.01

NanJing GOVA 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
	=	(1.076	+	0.625)	/	1789.054
	=	0.00

NanJing GOVA Technology Co (SHSE:688539) 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.

NanJing GOVA Technology Co Debt-to-Equity Related Terms

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NanJing GOVA Technology Co (SHSE:688539) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » NanJing GOVA Technology Co Ltd (SHSE:688539) » Definitions » Debt-to-Equity

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Traded in Other Exchanges

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Address

No. 66, Qixia Avenue, Economic and Technological Development Zone, Jiangsu Province, Nanjing, CHN, 210046

Website

https://www.govagroup.com

NanJing GOVA Technology Co Ltd is a high-tech enterprise that develops, designs, produces and sells high-reliability sensors and sensor network systems. The main products are various pressure, acceleration, temperature and humidity, displacement and other sensors, and integrate the above sensors into a sensor network system through software algorithms.

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