Qingdao Richmat Intelligence Technology (SZSE:301320) Debt-to-Equity : 0.02 (As of Mar. 2024)

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What is Qingdao Richmat Intelligence Technology Debt-to-Equity?

Qingdao Richmat Intelligence Technology's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥1.4 Mil. Qingdao Richmat Intelligence Technology's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥15.9 Mil. Qingdao Richmat Intelligence Technology's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥1,044.9 Mil. Qingdao Richmat Intelligence Technology'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 Qingdao Richmat Intelligence Technology's Debt-to-Equity or its related term are showing as below:

SZSE:301320' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.02 Med: 0.05 Max: 0.1
Current: 0.02

During the past 6 years, the highest Debt-to-Equity Ratio of Qingdao Richmat Intelligence Technology was 0.10. The lowest was 0.02. And the median was 0.05.

SZSE:301320's Debt-to-Equity is ranked better than
93.8% of 2629 companies
in the Industrial Products industry
Industry Median: 0.29 vs SZSE:301320: 0.02

Qingdao Richmat Intelligence Technology Debt-to-Equity Historical Data

The historical data trend for Qingdao Richmat Intelligence Technology'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.

Qingdao Richmat Intelligence Technology Debt-to-Equity Chart

Qingdao Richmat Intelligence Technology Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.06

0.10

0.02

Qingdao Richmat Intelligence Technology Quarterly Data
	Dec18	Dec19	Dec20	Mar21	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial										0.10	0.05	0.02	0.02	0.02

Competitive Comparison of Qingdao Richmat Intelligence Technology's Debt-to-Equity

For the Specialty Industrial Machinery subindustry, Qingdao Richmat Intelligence Technology'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.

Qingdao Richmat Intelligence Technology's Debt-to-Equity Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Qingdao Richmat Intelligence Technology's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Qingdao Richmat Intelligence Technology's Debt-to-Equity falls into.

Qingdao Richmat Intelligence Technology Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Qingdao Richmat Intelligence Technology'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
	=	(12.014	+	12.89)	/	1032.292
	=	0.02

Qingdao Richmat Intelligence Technology'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
	=	(1.423	+	15.924)	/	1044.904
	=	0.02

Qingdao Richmat Intelligence Technology (SZSE:301320) 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.

Qingdao Richmat Intelligence Technology Debt-to-Equity Related Terms

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Qingdao Richmat Intelligence Technology (SZSE:301320) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Qingdao Richmat Intelligence Technology Inc (SZSE:301320) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 78, Kongquehe 4th Road, Qingdao Garment Industrial Park, Jimo District, Shandong Province, Qingdao, CHN, 266200

Website

https://www.richmat.com.cn

Qingdao Richmat Intelligence Technology Inc is engaged in Research and development, production and sales of intelligent linear drive system products. its products include: Linear actuator Dual actuator, Lifting column, Control box, Handset, and Massage motor.

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