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Guangdong High Dream Intellectualized Machinery Co (SZSE:300720) Debt-to-Equity : 0.01 (As of Mar. 2024)


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What is Guangdong High Dream Intellectualized Machinery Co Debt-to-Equity?

Guangdong High Dream Intellectualized Machinery Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥2.2 Mil. Guangdong High Dream Intellectualized Machinery Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥5.2 Mil. Guangdong High Dream Intellectualized Machinery Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥596.6 Mil. Guangdong High Dream Intellectualized Machinery Co's debt to equity for the quarter that ended in Mar. 2024 was 0.01.

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 Guangdong High Dream Intellectualized Machinery Co's Debt-to-Equity or its related term are showing as below:

SZSE:300720' s Debt-to-Equity Range Over the Past 10 Years
Min: 0   Med: 0.01   Max: 0.14
Current: 0.01

During the past 11 years, the highest Debt-to-Equity Ratio of Guangdong High Dream Intellectualized Machinery Co was 0.14. The lowest was 0.00. And the median was 0.01.

SZSE:300720's Debt-to-Equity is ranked better than
99.96% of 2624 companies
in the Industrial Products industry
Industry Median: 0.29 vs SZSE:300720: 0.01

Guangdong High Dream Intellectualized Machinery Co Debt-to-Equity Historical Data

The historical data trend for Guangdong High Dream Intellectualized Machinery 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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Guangdong High Dream Intellectualized Machinery Co Debt-to-Equity Chart

Guangdong High Dream Intellectualized Machinery 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 - - - - 0.01

Guangdong High Dream Intellectualized Machinery 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 0.01 0.01 0.01 0.01 0.01

Competitive Comparison of Guangdong High Dream Intellectualized Machinery Co's Debt-to-Equity

For the Specialty Industrial Machinery subindustry, Guangdong High Dream Intellectualized Machinery 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.


Guangdong High Dream Intellectualized Machinery Co's Debt-to-Equity Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Guangdong High Dream Intellectualized Machinery Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Guangdong High Dream Intellectualized Machinery Co's Debt-to-Equity falls into.



Guangdong High Dream Intellectualized Machinery Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Guangdong High Dream Intellectualized Machinery Co's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Guangdong High Dream Intellectualized Machinery 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.


Guangdong High Dream Intellectualized Machinery Co  (SZSE:300720) 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.


Guangdong High Dream Intellectualized Machinery Co Debt-to-Equity Related Terms

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Guangdong High Dream Intellectualized Machinery Co (SZSE:300720) Business Description

Traded in Other Exchanges
N/A
Address
No.3, Longzhan Road, Huanglong Village Committee, Beijiao Town, Shunde District, Guangdong Province, Foshan, CHN, 528311
Guangdong High Dream Intellectualized Machinery Co Ltd manufactures and sells weighing machineries in China. The company's products include intelligent combination scales, metal detector, loss-in-weight feeders and ancillary equipment. Its products are used for the weighing in food, plastic and chemical industries, as well as for the dynamic measurement in feeding, batching and other processes.

Guangdong High Dream Intellectualized Machinery Co (SZSE:300720) Headlines

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