Zhengzhou Tiamaes Technology Co (SZSE:300807) Debt-to-Equity : 0.14 (As of Mar. 2024)

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What is Zhengzhou Tiamaes Technology Co Debt-to-Equity?

Zhengzhou Tiamaes Technology Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥51.3 Mil. Zhengzhou Tiamaes Technology Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥20.2 Mil. Zhengzhou Tiamaes Technology Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥524.8 Mil. Zhengzhou Tiamaes Technology Co's debt to equity for the quarter that ended in Mar. 2024 was 0.14.

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

SZSE:300807' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.1 Max: 0.42
Current: 0.14

During the past 12 years, the highest Debt-to-Equity Ratio of Zhengzhou Tiamaes Technology Co was 0.42. The lowest was 0.01. And the median was 0.10.

SZSE:300807's Debt-to-Equity is ranked better than
68.52% of 2192 companies
in the Hardware industry
Industry Median: 0.29 vs SZSE:300807: 0.14

Zhengzhou Tiamaes Technology Co Debt-to-Equity Historical Data

The historical data trend for Zhengzhou Tiamaes 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.

Zhengzhou Tiamaes Technology Co Debt-to-Equity Chart

Zhengzhou Tiamaes Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.15

0.02

0.08

0.09

0.12

Zhengzhou Tiamaes 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															0.08	0.09	0.10	0.12	0.14

Competitive Comparison of Zhengzhou Tiamaes Technology Co's Debt-to-Equity

For the Scientific & Technical Instruments subindustry, Zhengzhou Tiamaes 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.

Zhengzhou Tiamaes Technology Co's Debt-to-Equity Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Zhengzhou Tiamaes Technology Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Zhengzhou Tiamaes Technology Co's Debt-to-Equity falls into.

Zhengzhou Tiamaes Technology Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Zhengzhou Tiamaes 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
	=	(46.291	+	20.48)	/	544.832
	=	0.12

Zhengzhou Tiamaes 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
	=	(51.295	+	20.226)	/	524.81
	=	0.14

Zhengzhou Tiamaes Technology Co (SZSE:300807) 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.

Zhengzhou Tiamaes Technology Co Debt-to-Equity Related Terms

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Zhengzhou Tiamaes Technology Co (SZSE:300807) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Zhengzhou Tiamaes Technology Co Ltd (SZSE:300807) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 316 Lianhua Street, No. 10 Building, Zhengzhou High-tech Industrial Development Zone, Henan Province, Zhengzhou, CHN, 450000

Website

http://en.tiamaes.com

Zhengzhou Tiamaes Technology Co Ltd operates as a specialized in urban public transport intelligent dispatching platform and research and development and design, production and sales of vehicle electronic products. The company is a provider of information system about urban intelligent transportation solutions and 2G/3G video/GPS/BDS beidou monitoring solutions in domestic,mainly engaged in the development,production and sales of medium andhigh-end system integrated products based on the above solutions,at present has formed the business structure with the vehicle network application field products as main products,with the whole urban bus intelligent solutions as fist products.

Executives

Shi Lei Lei	Supervisors
Zhang Zhen Hua	Executives
Si Ai Jun	Independent director

Zhengzhou Tiamaes Technology Co (SZSE:300807) Headlines

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