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ZBAO (Zhibao Technology) Debt-to-Equity : 1.96 (As of Dec. 2023)


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What is Zhibao Technology Debt-to-Equity?

Zhibao Technology's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $4.03 Mil. Zhibao Technology's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.19 Mil. Zhibao Technology's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $2.15 Mil. Zhibao Technology's debt to equity for the quarter that ended in Dec. 2023 was 1.96.

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 Zhibao Technology's Debt-to-Equity or its related term are showing as below:

ZBAO' s Debt-to-Equity Range Over the Past 10 Years
Min: -16.71   Med: 1.13   Max: 1.96
Current: 1.96

During the past 2 years, the highest Debt-to-Equity Ratio of Zhibao Technology was 1.96. The lowest was -16.71. And the median was 1.13.

ZBAO's Debt-to-Equity is ranked worse than
95.4% of 391 companies
in the Insurance industry
Industry Median: 0.22 vs ZBAO: 1.96

Zhibao Technology Debt-to-Equity Historical Data

The historical data trend for Zhibao 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.

Zhibao Technology Debt-to-Equity Chart

Zhibao Technology Annual Data
Trend Jun21 Jun22
Debt-to-Equity
-16.71 1.58

Zhibao Technology Semi-Annual Data
Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Debt-to-Equity Get a 7-Day Free Trial N/A 1.58 1.13 1.00 1.96

Competitive Comparison of Zhibao Technology's Debt-to-Equity

For the Insurance Brokers subindustry, Zhibao 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.

Zhibao Technology's Debt-to-Equity Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Zhibao Technology's Debt-to-Equity distribution charts can be found below:

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


Zhibao Technology Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Zhibao Technology's Debt to Equity Ratio for the fiscal year that ended in Jun. 2022 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
=(4.31 + 0.112) / 2.791
=1.58

Zhibao Technology's Debt to Equity Ratio for the quarter 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
=(4.034 + 0.187) / 2.151
=1.96

* 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.

Zhibao Technology  (NAS:ZBAO) 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.

Zhibao Technology Debt-to-Equity Related Terms

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Zhibao Technology Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Zhibao Technology Inc (NAS:ZBAO) » Definitions » Debt-to-Equity
Comparable Companies
Traded in Other Exchanges
N/A
Address
Floor 3, Building 6, Wuxing Road, Lane 727, Shanghai, CHN, 201204
Website
https://www.zhibao-tech.com
Zhibao Technology Inc is a insurance technology company primarily engaged in providing digital insurance brokerage services in China. 2B2C digital embedded insurance is their innovative business model which They pioneered in China. They provide customized digital insurance solutions for B-side channels (covering a wide range of industries and organizations, including but not limited to Internet platforms, large and medium-sized enterprises, and government agencies, etc.), embedding them into the channel's existing business matrix, and providing the channel with Provide digital insurance brokerage services to C-end customers.