Sichuan Joyou Digital Technologies Co (SZSE:301172) Debt-to-Equity : 0.00 (As of Mar. 2024)

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What is Sichuan Joyou Digital Technologies Co Debt-to-Equity?

Sichuan Joyou Digital Technologies Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥2.0 Mil. Sichuan Joyou Digital Technologies Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥1.0 Mil. Sichuan Joyou Digital Technologies Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥1,457.1 Mil. Sichuan Joyou Digital Technologies Co's debt to equity for the quarter that ended in Mar. 2024 was 0.00.

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 Sichuan Joyou Digital Technologies Co's Debt-to-Equity or its related term are showing as below:

During the past 10 years, the highest Debt-to-Equity Ratio of Sichuan Joyou Digital Technologies Co was 0.03. The lowest was 0.00. And the median was 0.00.

SZSE:301172's Debt-to-Equity is not ranked ^*
in the Software industry.
Industry Median: 0.21
* Ranked among companies with meaningful Debt-to-Equity only.

Sichuan Joyou Digital Technologies Co Debt-to-Equity Historical Data

The historical data trend for Sichuan Joyou Digital Technologies 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.

Sichuan Joyou Digital Technologies Co Debt-to-Equity Chart

Sichuan Joyou Digital Technologies Co Annual Data

Trend

Dec13

Dec14

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.03

0.01

Sichuan Joyou Digital Technologies Co Quarterly Data
	Dec14	Dec16	Dec17	Dec18	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															-	-	-	-	-

Competitive Comparison of Sichuan Joyou Digital Technologies Co's Debt-to-Equity

For the Information Technology Services subindustry, Sichuan Joyou Digital Technologies 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.

Sichuan Joyou Digital Technologies Co's Debt-to-Equity Distribution in the Software Industry

For the Software industry and Technology sector, Sichuan Joyou Digital Technologies Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Sichuan Joyou Digital Technologies Co's Debt-to-Equity falls into.

Sichuan Joyou Digital Technologies Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Sichuan Joyou Digital Technologies 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
	=	(2.284	+	1.491)	/	1447.993
	=	0.00

Sichuan Joyou Digital Technologies 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
	=	(2.036	+	0.956)	/	1457.143
	=	0.00

Sichuan Joyou Digital Technologies Co (SZSE:301172) 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.

Sichuan Joyou Digital Technologies Co Debt-to-Equity Related Terms

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Sichuan Joyou Digital Technologies Co (SZSE:301172) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Sichuan Joyou Digital Technologies Co Ltd (SZSE:301172) » Definitions » Debt-to-Equity

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Address

No. 288, Tianfu 3rd Street, Chengdu High-tech Zone, No. 2-7, 12th Floor, 13th Floor, Building 1, China (Sichuan) Pilot Free Trade Zone, Chengdu, CHN, 610094

Website

http://www.joyoudigital.com

Sichuan Joyou Digital Technologies Co Ltd is a professional smart city comprehensive solution provider. Its main business is to provide products and services such as system integration services, operation and maintenance services, and self-developed product sales for customers in the smart city field. The company mainly adopts new-generation information application technologies such as the Internet of Things, cloud computing, big data, artificial intelligence, and BIM to provide customers with a smart city industry that integrates application software customization development and intelligent and information system integration services Comprehensive solutions.

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