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Hangzhou Huaxing Chuangye Communication Technology Co (SZSE:300025) Debt-to-Equity : 0.25 (As of Mar. 2024)


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What is Hangzhou Huaxing Chuangye Communication Technology Co Debt-to-Equity?

Hangzhou Huaxing Chuangye Communication Technology Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥159.9 Mil. Hangzhou Huaxing Chuangye Communication Technology Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥6.5 Mil. Hangzhou Huaxing Chuangye Communication Technology Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥660.2 Mil. Hangzhou Huaxing Chuangye Communication Technology Co's debt to equity for the quarter that ended in Mar. 2024 was 0.25.

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 Hangzhou Huaxing Chuangye Communication Technology Co's Debt-to-Equity or its related term are showing as below:

SZSE:300025' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.11   Med: 0.76   Max: 1.56
Current: 0.25

During the past 13 years, the highest Debt-to-Equity Ratio of Hangzhou Huaxing Chuangye Communication Technology Co was 1.56. The lowest was 0.11. And the median was 0.76.

SZSE:300025's Debt-to-Equity is ranked better than
74.78% of 345 companies
in the Telecommunication Services industry
Industry Median: 0.66 vs SZSE:300025: 0.25

Hangzhou Huaxing Chuangye Communication Technology Co Debt-to-Equity Historical Data

The historical data trend for Hangzhou Huaxing Chuangye Communication Technology 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.

Hangzhou Huaxing Chuangye Communication Technology Co Debt-to-Equity Chart

Hangzhou Huaxing Chuangye Communication Technology Co 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 1.02 1.07 0.71 0.13 0.23

Hangzhou Huaxing Chuangye Communication Technology 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 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 0.15 0.11 0.13 0.23 0.25

Competitive Comparison of Hangzhou Huaxing Chuangye Communication Technology Co's Debt-to-Equity

For the Telecom Services subindustry, Hangzhou Huaxing Chuangye Communication Technology 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.


Hangzhou Huaxing Chuangye Communication Technology Co's Debt-to-Equity Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Hangzhou Huaxing Chuangye Communication Technology Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Hangzhou Huaxing Chuangye Communication Technology Co's Debt-to-Equity falls into.



Hangzhou Huaxing Chuangye Communication Technology Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Hangzhou Huaxing Chuangye Communication Technology Co's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Hangzhou Huaxing Chuangye Communication Technology Co'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.


Hangzhou Huaxing Chuangye Communication Technology Co  (SZSE:300025) 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.


Hangzhou Huaxing Chuangye Communication Technology Co Debt-to-Equity Related Terms

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Hangzhou Huaxing Chuangye Communication Technology Co (SZSE:300025) Business Description

Traded in Other Exchanges
N/A
Address
No. 500, Jucai Road, Changhe Street, Binjiang District, Zhejiang, Hangzhou, CHN, 310052
Hangzhou Huaxing Chuangye Communication Technology Co Ltd is engaged in providing mobile communication technology services and internet data services. The service provided by the company include mobile communication networks, engineering construction, room division engineering, network foundation generation, and network evaluation and optimization.

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