Iflytek Co (SZSE:002230) Debt-to-Equity : 0.43 (As of Mar. 2024)

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What is Iflytek Co Debt-to-Equity?

Iflytek Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥1,467 Mil. Iflytek Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥5,719 Mil. Iflytek Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥16,734 Mil. Iflytek Co's debt to equity for the quarter that ended in Mar. 2024 was 0.43.

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

SZSE:002230' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.12 Max: 0.43
Current: 0.43

During the past 13 years, the highest Debt-to-Equity Ratio of Iflytek Co was 0.43. The lowest was 0.00. And the median was 0.12.

SZSE:002230's Debt-to-Equity is ranked worse than
67.78% of 2213 companies
in the Software industry
Industry Median: 0.21 vs SZSE:002230: 0.43

Iflytek Co Debt-to-Equity Historical Data

The historical data trend for Iflytek 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.

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Iflytek Co Debt-to-Equity Chart

Iflytek Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.10

0.09

0.17

0.35

Iflytek 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															0.22	0.29	0.31	0.35	0.43

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

For the Software - Application subindustry, Iflytek 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.

Iflytek Co's Debt-to-Equity Distribution in the Software Industry

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

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

Iflytek Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Iflytek 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
	=	(1185.55	+	4800.307)	/	17032.285
	=	0.35

Iflytek 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
	=	(1466.899	+	5719.051)	/	16734.401
	=	0.43

Iflytek Co (SZSE:002230) 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.

Iflytek Co Debt-to-Equity Related Terms

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Iflytek Co (SZSE:002230) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Iflytek Co Ltd (SZSE:002230) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

National Intelligent Speech High-tech Industrialization Base, No. 666, Wangjiang Road West, Anhui Province, Hefei, CHN, 230088

Website

http://www.iflytek.com

Iflytek Co Ltd is a software enterprise, which is dedicated towards research of intelligent speech and language technologies. The speech technologies comprise speech synthesis and speech recognition to enable human-machine speech communication as convenient as human-human communication. In addition, the speech technologies also include oral language evaluation, speech coding, timbre transformation and noise reduction.

Executives

Liu Qing Feng	Director
Shu Hua Ying	Independent director
Hu Yu	Directors, executives
Chen Tao	Directors, executives
Wu Xiao Ru	Directors, executives
Jiang Tao	Directors, executives
Nie Xiao Lin	Directors, executives
Du Lan	Executives
Zhang Shao Bing	Executives
Zhang Lan	Supervisors
Zhao Hui Fang	Independent director
Xu Yu Lin	Supervisors
Yan Jun	Supervisors
Li Jian	Independent director
Yang Rui	Securities Affairs Representative

Iflytek Co (SZSE:002230) Headlines

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