Yongxing Special Materials Technology Co (SZSE:002756) Debt-to-Equity : 0.06 (As of Mar. 2024)

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What is Yongxing Special Materials Technology Co Debt-to-Equity?

Yongxing Special Materials Technology Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥853 Mil. Yongxing Special Materials Technology Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥0 Mil. Yongxing Special Materials Technology Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥13,251 Mil. Yongxing Special Materials Technology Co's debt to equity for the quarter that ended in Mar. 2024 was 0.06.

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 Yongxing Special Materials Technology Co's Debt-to-Equity or its related term are showing as below:

SZSE:002756' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.04 Max: 0.2
Current: 0.06

During the past 13 years, the highest Debt-to-Equity Ratio of Yongxing Special Materials Technology Co was 0.20. The lowest was 0.00. And the median was 0.04.

SZSE:002756's Debt-to-Equity is ranked better than
89.03% of 556 companies
in the Steel industry
Industry Median: 0.415 vs SZSE:002756: 0.06

Yongxing Special Materials Technology Co Debt-to-Equity Historical Data

The historical data trend for Yongxing Special Materials 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.

Yongxing Special Materials Technology Co Debt-to-Equity Chart

Yongxing Special Materials Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.09

0.04

Yongxing Special Materials 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															-	0.02	0.02	-	0.06

Competitive Comparison of Yongxing Special Materials Technology Co's Debt-to-Equity

For the Steel subindustry, Yongxing Special Materials 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.

Yongxing Special Materials Technology Co's Debt-to-Equity Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Yongxing Special Materials Technology Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Yongxing Special Materials Technology Co's Debt-to-Equity falls into.

Yongxing Special Materials Technology Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Yongxing Special Materials Technology 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
	=	(1.905	+	0)	/	12980.85
	=	0.00

Yongxing Special Materials Technology 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
	=	(853.38	+	0)	/	13250.54
	=	0.06

Yongxing Special Materials Technology Co (SZSE:002756) 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.

Yongxing Special Materials Technology Co Debt-to-Equity Related Terms

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Yongxing Special Materials Technology Co (SZSE:002756) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Yongxing Special Materials Technology Co Ltd (SZSE:002756) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

Yangjiabu, Zhejiang province, Huzhou, CHN, 313005

Website

http://www.yongxingbxg.com

Yongxing Special Stainless Steel Co Ltd is engaged in the research and development and production of high-quality stainless steel and nickel-based iron-nickel-based alloy rods and wire. The products of the company are mainly used in petrochemicals, high-pressure boilers, nuclear power, equipment manufacturing, aerospace, and other industrial fields. The product portfolio includes - stainless steel bars, stainless steel wire, and special alloy.

Yongxing Special Materials Technology Co (SZSE:002756) Headlines

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