Shandong Polymer Biochemicals Co (SZSE:002476) Debt-to-Equity : 0.02 (As of Mar. 2024)

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What is Shandong Polymer Biochemicals Co Debt-to-Equity?

Shandong Polymer Biochemicals Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥17.9 Mil. Shandong Polymer Biochemicals Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥0.0 Mil. Shandong Polymer Biochemicals Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥883.0 Mil. Shandong Polymer Biochemicals 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 Shandong Polymer Biochemicals Co's Debt-to-Equity or its related term are showing as below:

SZSE:002476' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.08 Max: 0.15
Current: 0.02

During the past 13 years, the highest Debt-to-Equity Ratio of Shandong Polymer Biochemicals Co was 0.15. The lowest was 0.00. And the median was 0.08.

SZSE:002476's Debt-to-Equity is ranked better than
95.63% of 1396 companies
in the Chemicals industry
Industry Median: 0.35 vs SZSE:002476: 0.02

Shandong Polymer Biochemicals Co Debt-to-Equity Historical Data

The historical data trend for Shandong Polymer Biochemicals 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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Shandong Polymer Biochemicals Co Debt-to-Equity Chart

Shandong Polymer Biochemicals Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.08

0.15

0.01

0.03

Shandong Polymer Biochemicals 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															0.02	0.02	0.02	0.03	0.02

Competitive Comparison of Shandong Polymer Biochemicals Co's Debt-to-Equity

For the Chemicals subindustry, Shandong Polymer Biochemicals 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.

Shandong Polymer Biochemicals Co's Debt-to-Equity Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Shandong Polymer Biochemicals Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Shandong Polymer Biochemicals Co's Debt-to-Equity falls into.

Shandong Polymer Biochemicals Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Shandong Polymer Biochemicals 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
	=	(21.88	+	0)	/	877.057
	=	0.02

Shandong Polymer Biochemicals 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
	=	(17.851	+	0)	/	883.011
	=	0.02

Shandong Polymer Biochemicals Co (SZSE:002476) 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.

Shandong Polymer Biochemicals Co Debt-to-Equity Related Terms

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Shandong Polymer Biochemicals Co (SZSE:002476) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Shandong Polymer Biochemicals Co Ltd (SZSE:002476) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

No.416,Xisi Road Dongying, Dongying, Shandong, CHN, 257081

Website

http://www.slcapam.com

Shandong Polymer Biochemicals Co Ltd produces and sells oilfield chemicals worldwide. Its business covers oilfield chemicals production, oil and gas engineering technology services, oil and gas development and environmental water treatment. The company's product includes Non-ionic polyacrylamide; Flocculating agent for aluminum oxide; Polyacrylamide for displacement of reservoir oil; Anionic polyacrylamide and Cationic polyacrylamide.

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