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China Rare Earth Resources & Technology Co (SZSE:000831) Debt-to-Equity : 0.02 (As of Mar. 2024)


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What is China Rare Earth Resources & Technology Co Debt-to-Equity?

China Rare Earth Resources & Technology Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥101 Mil. China Rare Earth Resources & Technology Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥3 Mil. China Rare Earth Resources & Technology Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥4,569 Mil. China Rare Earth Resources & Technology Co'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 China Rare Earth Resources & Technology Co's Debt-to-Equity or its related term are showing as below:

SZSE:000831' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01   Med: 0.1   Max: 0.8
Current: 0.02

During the past 13 years, the highest Debt-to-Equity Ratio of China Rare Earth Resources & Technology Co was 0.80. The lowest was 0.01. And the median was 0.10.

SZSE:000831's Debt-to-Equity is ranked better than
95.62% of 1394 companies
in the Chemicals industry
Industry Median: 0.35 vs SZSE:000831: 0.02

China Rare Earth Resources & Technology Co Debt-to-Equity Historical Data

The historical data trend for China Rare Earth Resources & Technology 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.

China Rare Earth Resources & Technology Co Debt-to-Equity Chart

China Rare Earth Resources & Technology 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 0.10 0.17 0.41 0.01 0.04

China Rare Earth Resources & Technology Co Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 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 Premium Member Only Premium Member Only Premium Member Only 0.07 0.05 0.02 0.04 0.02

Competitive Comparison of China Rare Earth Resources & Technology Co's Debt-to-Equity

For the Specialty Chemicals subindustry, China Rare Earth Resources & Technology 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.


China Rare Earth Resources & Technology Co's Debt-to-Equity Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, China Rare Earth Resources & Technology Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where China Rare Earth Resources & Technology Co's Debt-to-Equity falls into.



China Rare Earth Resources & Technology Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

China Rare Earth Resources & Technology Co's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

China Rare Earth Resources & Technology Co'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.


China Rare Earth Resources & Technology Co  (SZSE:000831) 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.


China Rare Earth Resources & Technology Co Debt-to-Equity Related Terms

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China Rare Earth Resources & Technology Co (SZSE:000831) Business Description

Traded in Other Exchanges
N/A
Address
No. 18 Zhangjiang South Avenue, 15th Floor, Building A, Haode Ginza, Zhanggong District, Jiangxi Province, Ganzhou, CHN, 341000
China Rare Earth Resources & Technology Co Ltd is principally engaged in the production and sales of rare earth oxides. It is mainly engaged in the operation and trade of rare earth oxides, rare earth metals and rare earth deep processing products, as well as rare earth technology research and development and consulting services. The company's leading product include high-purity single rare earth oxides and rare earth co-precipitate products. Geographically activities are carried out through China.

China Rare Earth Resources & Technology Co (SZSE:000831) Headlines

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