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Sinofibers Technology Co (SZSE:300777) Debt-to-Equity : 0.00 (As of Mar. 2024)


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What is Sinofibers Technology Co Debt-to-Equity?

Sinofibers Technology Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥0.0 Mil. Sinofibers Technology Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥0.0 Mil. Sinofibers Technology Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥4,138.8 Mil. Sinofibers Technology Co's debt to equity for the quarter that ended in Mar. 2024 was 0.00.

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

During the past 11 years, the highest Debt-to-Equity Ratio of Sinofibers Technology Co was 0.25. The lowest was 0.01. And the median was 0.12.

SZSE:300777's Debt-to-Equity is not ranked *
in the Chemicals industry.
Industry Median: 0.36
* Ranked among companies with meaningful Debt-to-Equity only.

Sinofibers Technology Co Debt-to-Equity Historical Data

The historical data trend for Sinofibers 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.

Sinofibers Technology Co Debt-to-Equity Chart

Sinofibers Technology Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.04 - - - -

Sinofibers 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - - - - -

Competitive Comparison of Sinofibers Technology Co's Debt-to-Equity

For the Chemicals subindustry, Sinofibers 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.


Sinofibers Technology Co's Debt-to-Equity Distribution in the Chemicals Industry

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

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



Sinofibers Technology Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Sinofibers Technology Co's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Sinofibers Technology Co's Debt to Equity Ratio for the quarter that ended in Mar. 2024 is calculated as

* 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.


Sinofibers Technology Co  (SZSE:300777) 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.


Sinofibers Technology Co Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Sinofibers Technology Co's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.


Sinofibers Technology Co (SZSE:300777) Business Description

Traded in Other Exchanges
N/A
Address
No. 6, Xingfeng Road, Xinbei District, Jiangsu, Changzhou, CHN
Website
Sinofibers Technology Co Ltd is a China based company engaged in the manufacturing of Chemical fiber.
Executives
Shen Ju Qin Independent director
Huang Xiao Jun Supervisors
Yang Yong Gang Director
Ceng Wen Lin Director
Li Hui Executives
Fan Jun Liang Executives
Wen Yue Fang Directors, executives
Hu Pei Xian Supervisors

Sinofibers Technology Co (SZSE:300777) Headlines

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