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Shanghai National Center of Testing & Inspection for Electric Cable & Wire (SZSE:301289) Debt-to-Equity : 0.13 (As of Mar. 2024)


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What is Shanghai National Center of Testing & Inspection for Electric Cable & Wire Debt-to-Equity?

Shanghai National Center of Testing & Inspection for Electric Cable & Wire's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥19.5 Mil. Shanghai National Center of Testing & Inspection for Electric Cable & Wire's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥103.6 Mil. Shanghai National Center of Testing & Inspection for Electric Cable & Wire's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥948.2 Mil. Shanghai National Center of Testing & Inspection for Electric Cable & Wire's debt to equity for the quarter that ended in Mar. 2024 was 0.13.

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 Shanghai National Center of Testing & Inspection for Electric Cable & Wire's Debt-to-Equity or its related term are showing as below:

SZSE:301289' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01   Med: 0.13   Max: 0.31
Current: 0.13

During the past 6 years, the highest Debt-to-Equity Ratio of Shanghai National Center of Testing & Inspection for Electric Cable & Wire was 0.31. The lowest was 0.01. And the median was 0.13.

SZSE:301289's Debt-to-Equity is ranked better than
74.32% of 923 companies
in the Business Services industry
Industry Median: 0.37 vs SZSE:301289: 0.13

Shanghai National Center of Testing & Inspection for Electric Cable & Wire Debt-to-Equity Historical Data

The historical data trend for Shanghai National Center of Testing & Inspection for Electric Cable & Wire'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.

Shanghai National Center of Testing & Inspection for Electric Cable & Wire Debt-to-Equity Chart

Shanghai National Center of Testing & Inspection for Electric Cable & Wire Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-Equity
Get a 7-Day Free Trial - 0.01 0.28 0.14 0.13

Shanghai National Center of Testing & Inspection for Electric Cable & Wire Quarterly Data
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 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 0.13 0.13 0.13 0.13 0.13

Competitive Comparison of Shanghai National Center of Testing & Inspection for Electric Cable & Wire's Debt-to-Equity

For the Specialty Business Services subindustry, Shanghai National Center of Testing & Inspection for Electric Cable & Wire'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.


Shanghai National Center of Testing & Inspection for Electric Cable & Wire's Debt-to-Equity Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Shanghai National Center of Testing & Inspection for Electric Cable & Wire's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Shanghai National Center of Testing & Inspection for Electric Cable & Wire's Debt-to-Equity falls into.



Shanghai National Center of Testing & Inspection for Electric Cable & Wire Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Shanghai National Center of Testing & Inspection for Electric Cable & Wire's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Shanghai National Center of Testing & Inspection for Electric Cable & Wire'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.


Shanghai National Center of Testing & Inspection for Electric Cable & Wire  (SZSE:301289) 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.


Shanghai National Center of Testing & Inspection for Electric Cable & Wire Debt-to-Equity Related Terms

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Shanghai National Center of Testing & Inspection for Electric Cable & Wire (SZSE:301289) Business Description

Traded in Other Exchanges
N/A
Address
No. 888 Zhenchen Road, Baoshan District, Shanghai, CHN, 200444
Shanghai National Center of Testing & Inspection for Electric Cable & Wire is involved in the testing and inspection services for wire, cable and fiber optic cables. The main business scope includes testing, calibration, inspection, proficiency testing, 3C certification and production license testing, engineering application technical services, standardization services and others.

Shanghai National Center of Testing & Inspection for Electric Cable & Wire (SZSE:301289) Headlines

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