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Beijing Jingyi Automation Equipment Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was ¥9.9 Mil. Beijing Jingyi Automation Equipment Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was ¥9.5 Mil. Beijing Jingyi Automation Equipment Co's Total Stockholders Equity for the quarter that ended in Sep. 2024 was ¥2,051.2 Mil. Beijing Jingyi Automation Equipment Co's debt to equity for the quarter that ended in Sep. 2024 was 0.01.
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 Beijing Jingyi Automation Equipment Co's Debt-to-Equity or its related term are showing as below:
During the past 5 years, the highest Debt-to-Equity Ratio of Beijing Jingyi Automation Equipment Co was 1.01. The lowest was 0.01. And the median was 0.19.
The historical data trend for Beijing Jingyi Automation Equipment 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.
Beijing Jingyi Automation Equipment Co Annual Data | |||||||||||
Trend | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | ||||||
Debt-to-Equity | 1.01 | 0.19 | 0.19 | 0.25 | 0.01 |
Beijing Jingyi Automation Equipment Co Quarterly Data | ||||||||||||||
Dec19 | Dec20 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | Jun24 | Sep24 | |
Debt-to-Equity | Get a 7-Day Free Trial | 0.18 | 0.01 | 0.01 | 0.01 | 0.01 |
For the Semiconductor Equipment & Materials subindustry, Beijing Jingyi Automation Equipment 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.
For the Semiconductors industry and Technology sector, Beijing Jingyi Automation Equipment Co's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Beijing Jingyi Automation Equipment Co's Debt-to-Equity falls into.
Debt to Equity measures the financial leverage a company has.
Beijing Jingyi Automation Equipment 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 | |
= | (18.002 | + | 5.267) | / | 1933.689 | |
= | 0.01 |
Beijing Jingyi Automation Equipment Co's Debt to Equity Ratio for the quarter that ended in Sep. 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 | |
= | (9.861 | + | 9.538) | / | 2051.176 | |
= | 0.01 |
* 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.
Beijing Jingyi Automation Equipment Co (SHSE:688652) 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.
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