Jiangsu Tongguang Electronic Wire and Cable Co (SZSE:300265) Debt-to-Equity : 0.18 (As of Mar. 2024)

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What is Jiangsu Tongguang Electronic Wire and Cable Co Debt-to-Equity?

Jiangsu Tongguang Electronic Wire and Cable Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥303 Mil. Jiangsu Tongguang Electronic Wire and Cable Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥109 Mil. Jiangsu Tongguang Electronic Wire and Cable Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥2,263 Mil. Jiangsu Tongguang Electronic Wire and Cable Co's debt to equity for the quarter that ended in Mar. 2024 was 0.18.

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 Jiangsu Tongguang Electronic Wire and Cable Co's Debt-to-Equity or its related term are showing as below:

SZSE:300265' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.16 Med: 0.59 Max: 0.95
Current: 0.18

During the past 13 years, the highest Debt-to-Equity Ratio of Jiangsu Tongguang Electronic Wire and Cable Co was 0.95. The lowest was 0.16. And the median was 0.59.

SZSE:300265's Debt-to-Equity is ranked better than
62.69% of 2632 companies
in the Industrial Products industry
Industry Median: 0.29 vs SZSE:300265: 0.18

Jiangsu Tongguang Electronic Wire and Cable Co Debt-to-Equity Historical Data

The historical data trend for Jiangsu Tongguang Electronic Wire and Cable 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.

Jiangsu Tongguang Electronic Wire and Cable Co Debt-to-Equity Chart

Jiangsu Tongguang Electronic Wire and Cable Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.95

0.60

0.58

0.57

0.16

Jiangsu Tongguang Electronic Wire and Cable 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															0.58	0.36	0.18	0.16	0.18

Competitive Comparison of Jiangsu Tongguang Electronic Wire and Cable Co's Debt-to-Equity

For the Electrical Equipment & Parts subindustry, Jiangsu Tongguang Electronic Wire and Cable 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.

Jiangsu Tongguang Electronic Wire and Cable Co's Debt-to-Equity Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Jiangsu Tongguang Electronic Wire and Cable Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Jiangsu Tongguang Electronic Wire and Cable Co's Debt-to-Equity falls into.

Jiangsu Tongguang Electronic Wire and Cable Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Jiangsu Tongguang Electronic Wire and Cable 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
	=	(285.048	+	76.712)	/	2265.289
	=	0.16

Jiangsu Tongguang Electronic Wire and Cable 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
	=	(303.44	+	108.934)	/	2263.138
	=	0.18

Jiangsu Tongguang Electronic Wire and Cable Co (SZSE:300265) 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.

Jiangsu Tongguang Electronic Wire and Cable Co Debt-to-Equity Related Terms

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Jiangsu Tongguang Electronic Wire and Cable Co (SZSE:300265) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Jiangsu Tongguang Electronic Wire and Cable Co Ltd (SZSE:300265) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

No.169, Bohai Road, Jiangsu, Haimen, CHN, 226103

Website

http://www.tgjt.cn

Jiangsu Tongguang Electronic Wire and Cable Co Ltd is engaged in the production and sales of semiconductor chips, optical active, passive components, and electrical wires. The products of the company include power cable series, energy saving series, electronic cable series, and aluminium clad steel wire series.

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