CNLight Co (SZSE:002076) Debt-to-Equity : 0.01 (As of Mar. 2024)

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What is CNLight Co Debt-to-Equity?

CNLight Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥2.4 Mil. CNLight Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥0.3 Mil. CNLight Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥321.1 Mil. CNLight 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 CNLight Co's Debt-to-Equity or its related term are showing as below:

SZSE:002076' s Debt-to-Equity Range Over the Past 10 Years
Min: -28.99 Med: 0.09 Max: 52.22
Current: 0.01

During the past 13 years, the highest Debt-to-Equity Ratio of CNLight Co was 52.22. The lowest was -28.99. And the median was 0.09.

SZSE:002076's Debt-to-Equity is ranked better than
99.74% of 383 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 0.35 vs SZSE:002076: 0.01

CNLight Co Debt-to-Equity Historical Data

The historical data trend for CNLight 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.

CNLight Co Debt-to-Equity Chart

CNLight Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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-3.06

49.38

-2.16

0.02

0.01

CNLight 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															0.01	0.01	0.01	0.01	0.01

Competitive Comparison of CNLight Co's Debt-to-Equity

For the Furnishings, Fixtures & Appliances subindustry, CNLight 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.

CNLight Co's Debt-to-Equity Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, CNLight Co's Debt-to-Equity distribution charts can be found below:

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

CNLight Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

CNLight 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
	=	(3.24	+	0.512)	/	318.031
	=	0.01

CNLight 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
	=	(2.363	+	0.341)	/	321.061
	=	0.01

CNLight Co (SZSE:002076) 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.

CNLight Co Debt-to-Equity Related Terms

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

CNLight Co (SZSE:002076) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » CNLight Co Ltd (SZSE:002076) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

Section A, Shishan Sci-tech Industrial Park, Nanhai District, Guangdong Province, Foshan, CHN, 528225

Website

http://www.cnlight.com

CNLight Co Ltd is a China-based company engaged in offering lighting products and solutions. It manufactures a range of LED lighting and CFL lighting products. The product portfolio of the company includes LED lamps, energy saving lamps, ceramic metal halide lamp, UV germicidal lamps, air purifier, water treatment, HID auto xenon lamps and electronic ballast. The company sells its products in China and other international countries.

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