Grinm Advanced Materials Co (SHSE:600206) Debt-to-Equity : 0.30 (As of Mar. 2024)

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What is Grinm Advanced Materials Co Debt-to-Equity?

Grinm Advanced Materials Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥729 Mil. Grinm Advanced Materials Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥447 Mil. Grinm Advanced Materials Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥3,884 Mil. Grinm Advanced Materials Co's debt to equity for the quarter that ended in Mar. 2024 was 0.30.

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 Grinm Advanced Materials Co's Debt-to-Equity or its related term are showing as below:

SHSE:600206' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.06 Max: 0.3
Current: 0.3

During the past 13 years, the highest Debt-to-Equity Ratio of Grinm Advanced Materials Co was 0.30. The lowest was 0.00. And the median was 0.06.

SHSE:600206's Debt-to-Equity is ranked worse than
53.66% of 874 companies
in the Semiconductors industry
Industry Median: 0.26 vs SHSE:600206: 0.30

Grinm Advanced Materials Co Debt-to-Equity Historical Data

The historical data trend for Grinm Advanced Materials 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.

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Grinm Advanced Materials Co Debt-to-Equity Chart

Grinm Advanced Materials Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

0.02

0.09

0.12

0.24

0.26

Grinm Advanced Materials 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															0.28	0.29	0.27	0.26	0.30

Competitive Comparison of Grinm Advanced Materials Co's Debt-to-Equity

For the Semiconductor Equipment & Materials subindustry, Grinm Advanced Materials 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.

Grinm Advanced Materials Co's Debt-to-Equity Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Grinm Advanced Materials Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Grinm Advanced Materials Co's Debt-to-Equity falls into.

Grinm Advanced Materials Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Grinm Advanced Materials 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
	=	(676.317	+	290.946)	/	3773.406
	=	0.26

Grinm Advanced Materials Co's Debt to Equity Ratio for the quarter that ended in Mar. 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
	=	(729.144	+	446.523)	/	3883.62
	=	0.30

Grinm Advanced Materials Co (SHSE:600206) 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.

Grinm Advanced Materials Co Debt-to-Equity Related Terms

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Grinm Advanced Materials Co (SHSE:600206) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Grinm Advanced Materials Co Ltd (SHSE:600206) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.43, North Third Ring Road, Haidian District, Beijing, CHN, 100088

Website

http://www.gritek.com

Grinm Advanced Materials Co Ltd is engaged in the research, development, manufacture, and distribution of semiconductor materials. The semiconductors offered by the company are widely used in integrated circuits, discrete devices, solar cell and other fields. Its products are exported to the United States, Japan, Spain, South Korea, Taiwan, Hong Kong and other places.

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