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Guangdong Piano Customized Furniture Co (SZSE:002853) Debt-to-Equity : 0.00 (As of Sep. 2024)


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What is Guangdong Piano Customized Furniture Co Debt-to-Equity?

Guangdong Piano Customized Furniture Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was ¥2 Mil. Guangdong Piano Customized Furniture Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was ¥0 Mil. Guangdong Piano Customized Furniture Co's Total Stockholders Equity for the quarter that ended in Sep. 2024 was ¥1,322 Mil. Guangdong Piano Customized Furniture Co's debt to equity for the quarter that ended in Sep. 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 Guangdong Piano Customized Furniture Co's Debt-to-Equity or its related term are showing as below:

During the past 12 years, the highest Debt-to-Equity Ratio of Guangdong Piano Customized Furniture Co was 0.20. The lowest was 0.00. And the median was 0.06.

SZSE:002853's Debt-to-Equity is not ranked *
in the Furnishings, Fixtures & Appliances industry.
Industry Median: 0.36
* Ranked among companies with meaningful Debt-to-Equity only.

Guangdong Piano Customized Furniture Co Debt-to-Equity Historical Data

The historical data trend for Guangdong Piano Customized Furniture 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.

Guangdong Piano Customized Furniture Co Debt-to-Equity Chart

Guangdong Piano Customized Furniture Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.02 0.07 0.20 0.14 0.04

Guangdong Piano Customized Furniture Co Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 Premium Member Only Premium Member Only Premium Member Only 0.06 0.04 - - -

Competitive Comparison of Guangdong Piano Customized Furniture Co's Debt-to-Equity

For the Furnishings, Fixtures & Appliances subindustry, Guangdong Piano Customized Furniture 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.


Guangdong Piano Customized Furniture Co's Debt-to-Equity Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Guangdong Piano Customized Furniture Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Guangdong Piano Customized Furniture Co's Debt-to-Equity falls into.



Guangdong Piano Customized Furniture Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Guangdong Piano Customized Furniture Co's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Guangdong Piano Customized Furniture Co's Debt to Equity Ratio for the quarter that ended in Sep. 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.


Guangdong Piano Customized Furniture Co  (SZSE:002853) 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.


Guangdong Piano Customized Furniture Co Debt-to-Equity Related Terms

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Guangdong Piano Customized Furniture Co Business Description

Traded in Other Exchanges
N/A
Address
No. 1 Haijing Road, Shijie District, Zhongshan, CHN, 528414
Guangdong Piano Customized Furniture Co Ltd is a China based manufacturer of kitchen furniture. The company's product portfolio includes the cooking system, washing system, purification system, lighting system, storage system, and hot water system. In addition, the company also offers other furniture such as TV cabinets, sofa coffee tables, dining cabinets, shoe cabinets, and decorative cabinets, among others.

Guangdong Piano Customized Furniture Co Headlines

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