Joy Kie (SZSE:300994) Debt-to-Equity : 0.02 (As of Mar. 2024)

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What is Joy Kie Debt-to-Equity?

Joy Kie's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥21 Mil. Joy Kie's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥4 Mil. Joy Kie's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥1,147 Mil. Joy Kie's debt to equity for the quarter that ended in Mar. 2024 was 0.02.

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 Joy Kie's Debt-to-Equity or its related term are showing as below:

SZSE:300994' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0 Max: 0.14
Current: 0.02

During the past 7 years, the highest Debt-to-Equity Ratio of Joy Kie was 0.14. The lowest was 0.00. And the median was 0.00.

SZSE:300994's Debt-to-Equity is ranked better than
95.52% of 692 companies
in the Travel & Leisure industry
Industry Median: 0.455 vs SZSE:300994: 0.02

Joy Kie Debt-to-Equity Historical Data

The historical data trend for Joy Kie'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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Joy Kie Debt-to-Equity Chart

Joy Kie Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.01

0.03

Joy Kie 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															-	-	-	0.03	0.02

Competitive Comparison of Joy Kie's Debt-to-Equity

For the Leisure subindustry, Joy Kie'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.

Joy Kie's Debt-to-Equity Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Joy Kie's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Joy Kie's Debt-to-Equity falls into.

Joy Kie Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Joy Kie'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
	=	(30.195	+	0.539)	/	1123.871
	=	0.03

Joy Kie'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
	=	(21.057	+	3.724)	/	1146.547
	=	0.02

Joy Kie (SZSE:300994) 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.

Joy Kie Debt-to-Equity Related Terms

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Joy Kie (SZSE:300994) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Joy Kie Corp Ltd (SZSE:300994) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.509 Qingtai Street, 8th Floor, Fuchun Building, Shangcheng District, hejiang Province, Hangzhou, CHN, 310002

Website

https://www.joykie.com

Joy Kie Corp Ltd is engaged in the design, research and development, production and sales of complete bicycles and their parts and related derivative products.

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