Atlantic China Welding Consumables (SHSE:600558) Debt-to-Equity : 0.07 (As of Mar. 2024)

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What is Atlantic China Welding Consumables Debt-to-Equity?

Atlantic China Welding Consumables's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥144 Mil. Atlantic China Welding Consumables's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥19 Mil. Atlantic China Welding Consumables's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥2,284 Mil. Atlantic China Welding Consumables's debt to equity for the quarter that ended in Mar. 2024 was 0.07.

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 Atlantic China Welding Consumables's Debt-to-Equity or its related term are showing as below:

SHSE:600558' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.07 Med: 0.15 Max: 0.22
Current: 0.07

During the past 13 years, the highest Debt-to-Equity Ratio of Atlantic China Welding Consumables was 0.22. The lowest was 0.07. And the median was 0.15.

SHSE:600558's Debt-to-Equity is ranked better than
79.78% of 2631 companies
in the Industrial Products industry
Industry Median: 0.29 vs SHSE:600558: 0.07

Atlantic China Welding Consumables Debt-to-Equity Historical Data

The historical data trend for Atlantic China Welding Consumables'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.

Atlantic China Welding Consumables Debt-to-Equity Chart

Atlantic China Welding Consumables Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.15

0.12

0.15

0.12

0.08

Atlantic China Welding Consumables 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															0.11	0.11	0.10	0.08	0.07

Competitive Comparison of Atlantic China Welding Consumables's Debt-to-Equity

For the Specialty Industrial Machinery subindustry, Atlantic China Welding Consumables'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.

Atlantic China Welding Consumables's Debt-to-Equity Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Atlantic China Welding Consumables's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Atlantic China Welding Consumables's Debt-to-Equity falls into.

Atlantic China Welding Consumables Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Atlantic China Welding Consumables'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
	=	(155.594	+	19.565)	/	2254.543
	=	0.08

Atlantic China Welding Consumables'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
	=	(143.884	+	18.734)	/	2284.208
	=	0.07

Atlantic China Welding Consumables (SHSE:600558) 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.

Atlantic China Welding Consumables Debt-to-Equity Related Terms

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Atlantic China Welding Consumables (SHSE:600558) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Atlantic China Welding Consumables Inc (SHSE:600558) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

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Address

No. 2 Machongkou Street, Da'an District, Zigong, Sichuan, CHN, 643010

Website

http://www.weldatlantic.com

Atlantic China Welding Consumables Inc is a welding consumable manufactory in China. Its products include mild steel electrodes, cellulose electrodes, high toughness electrodes, low alloy steel electrodes, hard facing electrodes, stainless steel electrodes, low-temperature steel electrodes, Mo and Cr-Mo heat resistant steel electrodes, and cast-iron electrodes. The company's products are widely used in power station boilers, pressure vessels, nuclear and space industries, bridges, ships, vehicles, petroleum and chemical industry, hydropower and thermal power stations.

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