Harbin Boshi Automation Co (SZSE:002698) Debt-to-Equity : 0.13 (As of Mar. 2024)

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What is Harbin Boshi Automation Co Debt-to-Equity?

Harbin Boshi Automation Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥37 Mil. Harbin Boshi Automation Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥437 Mil. Harbin Boshi Automation Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥3,579 Mil. Harbin Boshi Automation Co's debt to equity for the quarter that ended in Mar. 2024 was 0.13.

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

SZSE:002698' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.02 Max: 0.14
Current: 0.13

During the past 13 years, the highest Debt-to-Equity Ratio of Harbin Boshi Automation Co was 0.14. The lowest was 0.00. And the median was 0.02.

SZSE:002698's Debt-to-Equity is ranked better than
69.68% of 2629 companies
in the Industrial Products industry
Industry Median: 0.29 vs SZSE:002698: 0.13

Harbin Boshi Automation Co Debt-to-Equity Historical Data

The historical data trend for Harbin Boshi Automation 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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Harbin Boshi Automation Co Debt-to-Equity Chart

Harbin Boshi Automation Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.02

0.01

0.14

0.13

Harbin Boshi Automation 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	0.13	0.13	0.13

Competitive Comparison of Harbin Boshi Automation Co's Debt-to-Equity

For the Specialty Industrial Machinery subindustry, Harbin Boshi Automation 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.

Harbin Boshi Automation Co's Debt-to-Equity Distribution in the Industrial Products Industry

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

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

Harbin Boshi Automation Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Harbin Boshi Automation 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
	=	(26.342	+	433.327)	/	3450.338
	=	0.13

Harbin Boshi Automation 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
	=	(36.955	+	437.327)	/	3579.449
	=	0.13

Harbin Boshi Automation Co (SZSE:002698) 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.

Harbin Boshi Automation Co Debt-to-Equity Related Terms

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Harbin Boshi Automation Co (SZSE:002698) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Harbin Boshi Automation Co Ltd (SZSE:002698) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

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Address

No. 9 Donghu Street, Yingbin Road Concentration Zone, Harbin Development Zone, Heilongjiang Province, Harbin, CHN, 150078

Website

http://www.boshi.cn

Harbin Boshi Automation Co Ltd is engaged in manufacturing robots, and automated equipment and system solutions in China. The company's main products and services include industrial robots, automated equipment and system solutions, and provide related value-added services. The products are mainly used in the post-processing of solid materials in petrochemical, coal chemical, salt chemical, fine chemical, fertilizer, metallurgy, logistics, food, feed and other industries.

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