Nine Dragons Paper (Holdings) (Nine Dragons Paper (Holdings)) Debt-to-Equity : 1.39 (As of Dec. 2023)

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What is Nine Dragons Paper (Holdings) Debt-to-Equity?

Nine Dragons Paper (Holdings)'s Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $1,869 Mil. Nine Dragons Paper (Holdings)'s Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $6,843 Mil. Nine Dragons Paper (Holdings)'s Total Stockholders Equity for the quarter that ended in Dec. 2023 was $6,266 Mil. Nine Dragons Paper (Holdings)'s debt to equity for the quarter that ended in Dec. 2023 was 1.39.

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 Nine Dragons Paper (Holdings)'s Debt-to-Equity or its related term are showing as below:

NDGPY' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.6 Med: 0.94 Max: 1.47
Current: 1.39

During the past 13 years, the highest Debt-to-Equity Ratio of Nine Dragons Paper (Holdings) was 1.47. The lowest was 0.60. And the median was 0.94.

NDGPY's Debt-to-Equity is ranked worse than
86.04% of 265 companies
in the Forest Products industry
Industry Median: 0.51 vs NDGPY: 1.39

Nine Dragons Paper (Holdings) Debt-to-Equity Historical Data

The historical data trend for Nine Dragons Paper (Holdings)'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.

Nine Dragons Paper (Holdings) Debt-to-Equity Chart

Nine Dragons Paper (Holdings) Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-Equity

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0.82

0.65

0.74

0.94

1.27

Nine Dragons Paper (Holdings) Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															0.74	0.94	1.13	1.27	1.39

Competitive Comparison of Nine Dragons Paper (Holdings)'s Debt-to-Equity

For the Paper & Paper Products subindustry, Nine Dragons Paper (Holdings)'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.

Nine Dragons Paper (Holdings)'s Debt-to-Equity Distribution in the Forest Products Industry

For the Forest Products industry and Basic Materials sector, Nine Dragons Paper (Holdings)'s Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Nine Dragons Paper (Holdings)'s Debt-to-Equity falls into.

Nine Dragons Paper (Holdings) Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Nine Dragons Paper (Holdings)'s Debt to Equity Ratio for the fiscal year that ended in Jun. 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
	=	(1893.547	+	6032.61)	/	6235.078
	=	1.27

Nine Dragons Paper (Holdings)'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
	=	(1868.738	+	6842.8)	/	6265.88
	=	1.39

Nine Dragons Paper (Holdings) (OTCPK:NDGPY) 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.

Nine Dragons Paper (Holdings) Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Nine Dragons Paper (Holdings)'s Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Nine Dragons Paper (Holdings) (Nine Dragons Paper (Holdings)) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Nine Dragons Paper (Holdings) Ltd (OTCPK:NDGPY) » Definitions » Debt-to-Equity

Traded in Other Exchanges

NDGPF:USA 02689:Hong Kong N3Y:Germany

Address

No.12, Xincheng Road, Songshan Lake High-Tech Industrial Development Zone, Guangdong Province, Dongguan, CHN

Website

http://www.ndpaper.com

Nine Dragons Paper (Holdings) Ltd operates as a paper products manufacturer. The company predominantly produces liner board, corrugating medium, and coated duplex boards. In addition to packaging paperboard, the Group is also engaged in the production of printing and writing a paper in Dongguan and Taicang and the development of packaging paperboard and specialty paper production in Leshan, Sichuan Province. Substantial part of the company's revenues are generated from the sale of packaging paper and the rest from sales of printing and writing paper, high-value specialty paper products, and Pulp.

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