Yantai Zhenghai Magnetic Material Co (SZSE:300224) Debt-to-Equity : 0.31 (As of Mar. 2024)

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What is Yantai Zhenghai Magnetic Material Co Debt-to-Equity?

Yantai Zhenghai Magnetic Material Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥88 Mil. Yantai Zhenghai Magnetic Material Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥1,137 Mil. Yantai Zhenghai Magnetic Material Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥3,945 Mil. Yantai Zhenghai Magnetic Material Co's debt to equity for the quarter that ended in Mar. 2024 was 0.31.

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 Yantai Zhenghai Magnetic Material Co's Debt-to-Equity or its related term are showing as below:

SZSE:300224' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.02 Max: 0.35
Current: 0.31

During the past 13 years, the highest Debt-to-Equity Ratio of Yantai Zhenghai Magnetic Material Co was 0.35. The lowest was 0.00. And the median was 0.02.

SZSE:300224's Debt-to-Equity is ranked worse than
51.32% of 2192 companies
in the Hardware industry
Industry Median: 0.29 vs SZSE:300224: 0.31

Yantai Zhenghai Magnetic Material Co Debt-to-Equity Historical Data

The historical data trend for Yantai Zhenghai Magnetic Material 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.

Yantai Zhenghai Magnetic Material Co Debt-to-Equity Chart

Yantai Zhenghai Magnetic Material Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.01

0.02

0.35

0.31

Yantai Zhenghai Magnetic Material 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															0.35	0.32	0.31	0.31	0.31

Competitive Comparison of Yantai Zhenghai Magnetic Material Co's Debt-to-Equity

For the Electronic Components subindustry, Yantai Zhenghai Magnetic Material 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.

Yantai Zhenghai Magnetic Material Co's Debt-to-Equity Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Yantai Zhenghai Magnetic Material Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Yantai Zhenghai Magnetic Material Co's Debt-to-Equity falls into.

Yantai Zhenghai Magnetic Material Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Yantai Zhenghai Magnetic Material 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
	=	(90.495	+	1122.279)	/	3877.655
	=	0.31

Yantai Zhenghai Magnetic Material 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
	=	(88.306	+	1137.066)	/	3944.961
	=	0.31

Yantai Zhenghai Magnetic Material Co (SZSE:300224) 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.

Yantai Zhenghai Magnetic Material Co Debt-to-Equity Related Terms

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Yantai Zhenghai Magnetic Material Co (SZSE:300224) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Yantai Zhenghai Magnetic Material Co Ltd (SZSE:300224) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.22, Zhujiang Road, Yantai Economic and Technical Development Zone, Shandong, CHN, 264006

Website

http://www.zhmag.com

Yantai Zhenghai Magnetic Material Co Ltd is a China-based company engaged in the development, production, sale, and service of high-performance NdFeB permanent magnet materials. Its product is widely used in the fields of IT, automobile, petrochemical, mechanics, aerospace, mechanoelectronic and medical.

Executives

Song Kan	Directors, executives
Zhao Jun Tao	Directors, executives
Gao Bo	Executives
Peng Bu Zhuang	Executives
Wang Qing Kai	Director
Li Zhi Qiang	Directors, executives
Shi Bing Qiang	Executives
Wang Yu Lin	Executives
Wang Tao	Director
Sun Wei Nan	Securities Affairs Representative
Yu Zai Hai	Securities Affairs Representative
Mi Bo Hai	Director
Zhang Yi Ni	Director

Yantai Zhenghai Magnetic Material Co (SZSE:300224) Headlines

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