Hangzhou Anysoft Information Technology Co (SZSE:300571) Debt-to-Equity : 0.66 (As of Mar. 2024)

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What is Hangzhou Anysoft Information Technology Co Debt-to-Equity?

Hangzhou Anysoft Information Technology Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥724 Mil. Hangzhou Anysoft Information Technology Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥318 Mil. Hangzhou Anysoft Information Technology Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥1,582 Mil. Hangzhou Anysoft Information Technology Co's debt to equity for the quarter that ended in Mar. 2024 was 0.66.

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 Anysoft Information Technology Co's Debt-to-Equity or its related term are showing as below:

SZSE:300571' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.03 Med: 0.63 Max: 1.43
Current: 0.66

During the past 13 years, the highest Debt-to-Equity Ratio of Hangzhou Anysoft Information Technology Co was 1.43. The lowest was 0.03. And the median was 0.63.

SZSE:300571's Debt-to-Equity is ranked worse than
77.88% of 2211 companies
in the Software industry
Industry Median: 0.21 vs SZSE:300571: 0.66

Hangzhou Anysoft Information Technology Co Debt-to-Equity Historical Data

The historical data trend for Hangzhou Anysoft Information 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.

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Hangzhou Anysoft Information Technology Co Debt-to-Equity Chart

Hangzhou Anysoft Information Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

0.76

1.43

0.74

0.77

0.59

Hangzhou Anysoft Information 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															0.68	0.64	0.61	0.59	0.66

Competitive Comparison of Hangzhou Anysoft Information Technology Co's Debt-to-Equity

For the Software - Application subindustry, Hangzhou Anysoft Information 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 Anysoft Information Technology Co's Debt-to-Equity Distribution in the Software Industry

For the Software industry and Technology sector, Hangzhou Anysoft Information Technology Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Hangzhou Anysoft Information Technology Co's Debt-to-Equity falls into.

Hangzhou Anysoft Information Technology Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Hangzhou Anysoft Information Technology 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
	=	(707.806	+	218.443)	/	1579.424
	=	0.59

Hangzhou Anysoft Information Technology 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
	=	(723.855	+	318.257)	/	1582.14
	=	0.66

Hangzhou Anysoft Information Technology Co (SZSE:300571) 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 Anysoft Information Technology Co Debt-to-Equity Related Terms

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Hangzhou Anysoft Information Technology Co (SZSE:300571) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Hangzhou Anysoft Information Technology Co Ltd (SZSE:300571) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

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Address

North of 11th Floor, Building 2, Xixi Century Center, Xihu District, Hangzhou, CHN

Website

http://www.anysoft.cn

Hangzhou Anysoft Information Technology Co Ltd is mainly engaged in the design and development of mobile reading platforms. The company is organized into three business divisions: mobile reading service, information business, and other value-added telecommunications services. Its mobile reading service division provides a full range of reading services through its own reading platform, third-party platform and telecom operators' reading platform; information business division provides users with professional magazines and industries through mobile newspapers and self-media push; other value-added telecommunications services mainly includes music, video, games, animation and other content.

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