Shenzhen Jove Enterprise (SZSE:300814) Debt-to-Equity : 0.56 (As of Mar. 2024)

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What is Shenzhen Jove Enterprise Debt-to-Equity?

Shenzhen Jove Enterprise's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥143 Mil. Shenzhen Jove Enterprise's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥514 Mil. Shenzhen Jove Enterprise's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥1,171 Mil. Shenzhen Jove Enterprise's debt to equity for the quarter that ended in Mar. 2024 was 0.56.

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 Shenzhen Jove Enterprise's Debt-to-Equity or its related term are showing as below:

SZSE:300814' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.05 Med: 0.09 Max: 0.56
Current: 0.56

During the past 7 years, the highest Debt-to-Equity Ratio of Shenzhen Jove Enterprise was 0.56. The lowest was 0.05. And the median was 0.09.

SZSE:300814's Debt-to-Equity is ranked worse than
70.65% of 2191 companies
in the Hardware industry
Industry Median: 0.29 vs SZSE:300814: 0.56

Shenzhen Jove Enterprise Debt-to-Equity Historical Data

The historical data trend for Shenzhen Jove Enterprise'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.

Shenzhen Jove Enterprise Debt-to-Equity Chart

Shenzhen Jove Enterprise Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.10

0.09

0.07

0.05

0.53

Shenzhen Jove Enterprise Quarterly Data
	Dec18	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															0.05	0.05	0.09	0.53	0.56

Competitive Comparison of Shenzhen Jove Enterprise's Debt-to-Equity

For the Electronic Components subindustry, Shenzhen Jove Enterprise'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.

Shenzhen Jove Enterprise's Debt-to-Equity Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Shenzhen Jove Enterprise's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Shenzhen Jove Enterprise's Debt-to-Equity falls into.

Shenzhen Jove Enterprise Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Shenzhen Jove Enterprise'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
	=	(111.453	+	499.193)	/	1161.894
	=	0.53

Shenzhen Jove Enterprise'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
	=	(143.179	+	513.936)	/	1171.124
	=	0.56

Shenzhen Jove Enterprise (SZSE:300814) 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.

Shenzhen Jove Enterprise Debt-to-Equity Related Terms

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Shenzhen Jove Enterprise (SZSE:300814) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Shenzhen Jove Enterprise Ltd (SZSE:300814) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

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Address

No. 8, Xingye Road, Shajing Street, Heyi Community and Second Industrial Zone, Baoan District, Guangdong, Shenzhen, CHN, 518104

Website

http://www.jovepcb.com

Shenzhen Jove Enterprise Ltd is engaged in the printed circuit board development, production and sales. The products include heavy copper coil board, high frequency high speed board, metal core, rigid-flex, flexible multilayer board and others. It is widely applied to power and energy, telecom and datacom, automotive electronics, industrial control, security and medical industry.

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