Avary Holding (Shenzhen) Co (SZSE:002938) Debt-to-Equity : 0.12 (As of Mar. 2024)

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What is Avary Holding (Shenzhen) Co Debt-to-Equity?

Avary Holding (Shenzhen) Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥3,472 Mil. Avary Holding (Shenzhen) Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥79 Mil. Avary Holding (Shenzhen) Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥30,106 Mil. Avary Holding (Shenzhen) 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 Avary Holding (Shenzhen) Co's Debt-to-Equity or its related term are showing as below:

SZSE:002938' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.02 Med: 0.13 Max: 0.31
Current: 0.12

During the past 10 years, the highest Debt-to-Equity Ratio of Avary Holding (Shenzhen) Co was 0.31. The lowest was 0.02. And the median was 0.13.

SZSE:002938's Debt-to-Equity is ranked better than
70.89% of 2195 companies
in the Hardware industry
Industry Median: 0.29 vs SZSE:002938: 0.12

Avary Holding (Shenzhen) Co Debt-to-Equity Historical Data

The historical data trend for Avary Holding (Shenzhen) 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.

Avary Holding (Shenzhen) Co Debt-to-Equity Chart

Avary Holding (Shenzhen) Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.11

0.12

0.16

0.12

0.14

Avary Holding (Shenzhen) 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															0.14	0.13	0.13	0.14	0.12

Competitive Comparison of Avary Holding (Shenzhen) Co's Debt-to-Equity

For the Electronic Components subindustry, Avary Holding (Shenzhen) 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.

Avary Holding (Shenzhen) Co's Debt-to-Equity Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Avary Holding (Shenzhen) Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Avary Holding (Shenzhen) Co's Debt-to-Equity falls into.

Avary Holding (Shenzhen) Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Avary Holding (Shenzhen) 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
	=	(4150.766	+	81.856)	/	29650.687
	=	0.14

Avary Holding (Shenzhen) 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
	=	(3472.351	+	79.307)	/	30106.147
	=	0.12

Avary Holding (Shenzhen) Co (SZSE:002938) 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.

Avary Holding (Shenzhen) Co Debt-to-Equity Related Terms

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Avary Holding (Shenzhen) Co (SZSE:002938) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Avary Holding (Shenzhen) Co Ltd (SZSE:002938) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Songluo Road, Yanluo Street, Building A1 to Building A3, Pengding Park, Yanchuan Community, Bao'an District, Guangdong, Shenzhen, CHN, 518105

Website

http://www.avaryholding.com

Avary Holding (Shenzhen) Co Ltd is a China-based company principally engaged in the design, development, manufacturing, and sales of all types of printed circuit boards. Its products are mainly used in communications products, computers, consumer electronics, and various types of 3C electronics and other products.

Avary Holding (Shenzhen) Co (SZSE:002938) Headlines

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