Bescient Technologies Co (SHSE:688671) Debt-to-Equity : 0.05 (As of Mar. 2024)

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What is Bescient Technologies Co Debt-to-Equity?

Bescient Technologies Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥43.5 Mil. Bescient Technologies Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥9.5 Mil. Bescient Technologies Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥1,142.7 Mil. Bescient Technologies Co's debt to equity for the quarter that ended in Mar. 2024 was 0.05.

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

SHSE:688671' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.03 Max: 0.33
Current: 0.05

During the past 5 years, the highest Debt-to-Equity Ratio of Bescient Technologies Co was 0.33. The lowest was 0.00. And the median was 0.03.

SHSE:688671's Debt-to-Equity is ranked better than
84.06% of 2629 companies
in the Industrial Products industry
Industry Median: 0.29 vs SHSE:688671: 0.05

Bescient Technologies Co Debt-to-Equity Historical Data

The historical data trend for Bescient Technologies 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.

Bescient Technologies Co Debt-to-Equity Chart

Bescient Technologies Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

0.12

0.33

0.04

0.02

0.10

Bescient Technologies Co Quarterly Data
	Dec19	Dec20	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial							0.02	0.01	-	0.10	0.05

Competitive Comparison of Bescient Technologies Co's Debt-to-Equity

For the Pollution & Treatment Controls subindustry, Bescient Technologies 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.

Bescient Technologies Co's Debt-to-Equity Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Bescient Technologies Co's Debt-to-Equity distribution charts can be found below:

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

Bescient Technologies Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Bescient Technologies 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
	=	(103.565	+	10.228)	/	1144.555
	=	0.10

Bescient Technologies 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
	=	(43.454	+	9.509)	/	1142.673
	=	0.05

Bescient Technologies Co (SHSE:688671) 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.

Bescient Technologies Co Debt-to-Equity Related Terms

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Bescient Technologies Co (SHSE:688671) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Bescient Technologies Co Ltd (SHSE:688671) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

Liuxian 3rd Road, Xin'an Street, Room 301, Building 2, Runheng Industrial Zone, No. 1, Xingdong, Bao'an, Guangdong, Shenzhen, CHN, 518101

Website

http://www.bx-tec.com

Bescient Technologies Co Ltd is a national high-tech backbone enterprise engaged in the development of environmental automatic monitoring. It has always focused on the independent research and development of scientific instruments and big data and is committed to building multi-industry intelligent applications and services that perceive and interconnect all things, and provide strong technical support for the construction of the national ecological environment, water conservancy and public safety. Its main business involves research and development, production and technical services in the fields of intelligent environmental monitoring equipment, environmental monitoring Internet of Things and ecological environment big data, smart water affairs, digital agriculture, and public security.

Executives

He Yuan Ping

Director

Bescient Technologies Co (SHSE:688671) Headlines

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