Guangdong Dongfang Precision Science & Tech Co (SZSE:002611) Debt-to-Equity : 0.12 (As of Mar. 2024)

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What is Guangdong Dongfang Precision Science & Tech Co Debt-to-Equity?

Guangdong Dongfang Precision Science & Tech Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥406 Mil. Guangdong Dongfang Precision Science & Tech Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥131 Mil. Guangdong Dongfang Precision Science & Tech Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥4,532 Mil. Guangdong Dongfang Precision Science & Tech Co's debt to equity for the quarter that ended in Mar. 2024 was 0.12.

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 Guangdong Dongfang Precision Science & Tech Co's Debt-to-Equity or its related term are showing as below:

SZSE:002611' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.09 Med: 0.16 Max: 0.65
Current: 0.12

During the past 13 years, the highest Debt-to-Equity Ratio of Guangdong Dongfang Precision Science & Tech Co was 0.65. The lowest was 0.09. And the median was 0.16.

SZSE:002611's Debt-to-Equity is ranked better than
71.19% of 2631 companies
in the Industrial Products industry
Industry Median: 0.29 vs SZSE:002611: 0.12

Guangdong Dongfang Precision Science & Tech Co Debt-to-Equity Historical Data

The historical data trend for Guangdong Dongfang Precision Science & Tech 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.

Guangdong Dongfang Precision Science & Tech Co Debt-to-Equity Chart

Guangdong Dongfang Precision Science & Tech Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.16

0.17

0.18

0.12

0.13

Guangdong Dongfang Precision Science & Tech 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															0.13	0.14	0.14	0.13	0.12

Competitive Comparison of Guangdong Dongfang Precision Science & Tech Co's Debt-to-Equity

For the Specialty Industrial Machinery subindustry, Guangdong Dongfang Precision Science & Tech 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.

Guangdong Dongfang Precision Science & Tech Co's Debt-to-Equity Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Guangdong Dongfang Precision Science & Tech Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Guangdong Dongfang Precision Science & Tech Co's Debt-to-Equity falls into.

Guangdong Dongfang Precision Science & Tech Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Guangdong Dongfang Precision Science & Tech 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
	=	(427.551	+	144.969)	/	4511.691
	=	0.13

Guangdong Dongfang Precision Science & Tech 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
	=	(406.314	+	130.967)	/	4531.747
	=	0.12

Guangdong Dongfang Precision Science & Tech Co (SZSE:002611) 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.

Guangdong Dongfang Precision Science & Tech Co Debt-to-Equity Related Terms

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

Guangdong Dongfang Precision Science & Tech Co (SZSE:002611) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Guangdong Dongfang Precision Science & Tech Co Ltd (SZSE:002611) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 2, Zhenqiangshi Road, Nanhai District, Guangdong Province, Foshan, CHN

Website

https://www.df-global.cn

Guangdong Dongfang Precision Science & Tech Co Ltd is a China-based company that engages in the process, manufacture, and sale of carton printing equipment and accessories. The main products of the company's intelligent packaging equipment business include corrugated cardboard production line, corrugated box printing complete production line, pre-press, post-press intelligent automation equipment, and automated logistics systems. Some of the company's standalone printing products equipment include TOPRA AD, TOPRA GT, APSTAR HG 2, and APSTAR HS. The company's products are exported to more than 30 countries and regions, including Europe, America, Asia, Africa, Latin America, and Oceania.

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