Guangzhou Tech-Long Packing Machine Co (SZSE:002209) Debt-to-Equity : 0.33 (As of Mar. 2024)

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What is Guangzhou Tech-Long Packing Machine Co Debt-to-Equity?

Guangzhou Tech-Long Packing Machine Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥109 Mil. Guangzhou Tech-Long Packing Machine Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥107 Mil. Guangzhou Tech-Long Packing Machine Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥652 Mil. Guangzhou Tech-Long Packing Machine Co's debt to equity for the quarter that ended in Mar. 2024 was 0.33.

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 Guangzhou Tech-Long Packing Machine Co's Debt-to-Equity or its related term are showing as below:

SZSE:002209' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.3 Med: 0.42 Max: 0.6
Current: 0.33

During the past 13 years, the highest Debt-to-Equity Ratio of Guangzhou Tech-Long Packing Machine Co was 0.60. The lowest was 0.30. And the median was 0.42.

SZSE:002209's Debt-to-Equity is ranked worse than
53.74% of 2631 companies
in the Industrial Products industry
Industry Median: 0.29 vs SZSE:002209: 0.33

Guangzhou Tech-Long Packing Machine Co Debt-to-Equity Historical Data

The historical data trend for Guangzhou Tech-Long Packing Machine 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.

Guangzhou Tech-Long Packing Machine Co Debt-to-Equity Chart

Guangzhou Tech-Long Packing Machine Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.40

0.46

0.52

0.57

0.45

Guangzhou Tech-Long Packing Machine 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															0.60	0.54	0.52	0.45	0.33

Competitive Comparison of Guangzhou Tech-Long Packing Machine Co's Debt-to-Equity

For the Specialty Industrial Machinery subindustry, Guangzhou Tech-Long Packing Machine 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.

Guangzhou Tech-Long Packing Machine Co's Debt-to-Equity Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Guangzhou Tech-Long Packing Machine Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Guangzhou Tech-Long Packing Machine Co's Debt-to-Equity falls into.

Guangzhou Tech-Long Packing Machine Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Guangzhou Tech-Long Packing Machine 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
	=	(228.173	+	58.857)	/	640.94
	=	0.45

Guangzhou Tech-Long Packing Machine 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
	=	(109.273	+	106.92)	/	651.92
	=	0.33

Guangzhou Tech-Long Packing Machine Co (SZSE:002209) 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.

Guangzhou Tech-Long Packing Machine Co Debt-to-Equity Related Terms

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Guangzhou Tech-Long Packing Machine Co (SZSE:002209) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Guangzhou Tech-Long Packing Machine Co Ltd (SZSE:002209) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 23, Yunpu 1 Road, Huangpu District, Guangzhou, CHN, 510530

Website

http://www.tech-long.com

Guangzhou Tech-long Packing Machine Co. Ltd is a provider of turnkey solutions for global liquid product manufacturers. The company mainly provides equipment for the liquid packaging industry. Its products offer water treatment solutions, beverage pre-treatment systems, and others. The product portfolio includes water treatment system, blow molding machines, filling machine, large container filling machine, packaging machine, conveying machine and others.

Executives

Chen Gang	Director
Zhang Chong Ming	Executives
Zhang Song Ming	Directors, executives
Xie Wei	Supervisors
Wang Hao Hui	Independent director
Zou Da Qun	Director
Kong Xiang Jie	Directors, executives
Zhang Zan Ming	Executives
Wang Wei Dong	Directors, executives
Wang Zhong	Directors, executives

Guangzhou Tech-Long Packing Machine Co (SZSE:002209) Headlines

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