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SMS Electric Co Zhengzhou (SZSE:002857) Debt-to-Equity : 0.03 (As of Mar. 2024)


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What is SMS Electric Co Zhengzhou Debt-to-Equity?

SMS Electric Co Zhengzhou's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥2.1 Mil. SMS Electric Co Zhengzhou's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥15.0 Mil. SMS Electric Co Zhengzhou's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥508.9 Mil. SMS Electric Co Zhengzhou's debt to equity for the quarter that ended in Mar. 2024 was 0.03.

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

SZSE:002857' s Debt-to-Equity Range Over the Past 10 Years
Min: 0   Med: 0.03   Max: 0.04
Current: 0.03

During the past 13 years, the highest Debt-to-Equity Ratio of SMS Electric Co Zhengzhou was 0.04. The lowest was 0.00. And the median was 0.03.

SZSE:002857's Debt-to-Equity is ranked better than
89.78% of 2191 companies
in the Hardware industry
Industry Median: 0.29 vs SZSE:002857: 0.03

SMS Electric Co Zhengzhou Debt-to-Equity Historical Data

The historical data trend for SMS Electric Co Zhengzhou'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.

SMS Electric Co Zhengzhou Debt-to-Equity Chart

SMS Electric Co Zhengzhou Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - 0.03

SMS Electric Co Zhengzhou 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - 0.04 0.04 0.03 0.03

Competitive Comparison of SMS Electric Co Zhengzhou's Debt-to-Equity

For the Scientific & Technical Instruments subindustry, SMS Electric Co Zhengzhou'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.


SMS Electric Co Zhengzhou's Debt-to-Equity Distribution in the Hardware Industry

For the Hardware industry and Technology sector, SMS Electric Co Zhengzhou's Debt-to-Equity distribution charts can be found below:

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



SMS Electric Co Zhengzhou Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

SMS Electric Co Zhengzhou's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

SMS Electric Co Zhengzhou's Debt to Equity Ratio for the quarter that ended in Mar. 2024 is calculated as

* 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.


SMS Electric Co Zhengzhou  (SZSE:002857) 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.


SMS Electric Co Zhengzhou Debt-to-Equity Related Terms

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SMS Electric Co Zhengzhou (SZSE:002857) Business Description

Traded in Other Exchanges
N/A
Address
SMS Industrial Park at No. 85 Fifth Avenue, Economic and Technical Development Zone, Zhengzhou, CHN, 450016
SMS Electric Co Ltd Zhengzhou is engaged in the research, design, producing and sale of electricity metering instrument in China. It offers testing automation products, energy meter terminals, standard test devices, portable meter test systems, simulation equipment, and transformers.
Executives
Yu Yi Zhou Directors, executives
Wang Hong Directors, executives

SMS Electric Co Zhengzhou (SZSE:002857) Headlines

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