GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Hunan Hengguang Technology Co Ltd (SZSE:301118) » Definitions » Debt-to-Equity

Hunan Hengguang Technology Co (SZSE:301118) Debt-to-Equity : 0.40 (As of Sep. 2024)


View and export this data going back to 2021. Start your Free Trial

What is Hunan Hengguang Technology Co Debt-to-Equity?

Hunan Hengguang Technology Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was ¥169 Mil. Hunan Hengguang Technology Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was ¥362 Mil. Hunan Hengguang Technology Co's Total Stockholders Equity for the quarter that ended in Sep. 2024 was ¥1,336 Mil. Hunan Hengguang Technology Co's debt to equity for the quarter that ended in Sep. 2024 was 0.40.

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

SZSE:301118' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01   Med: 0.08   Max: 0.4
Current: 0.4

During the past 10 years, the highest Debt-to-Equity Ratio of Hunan Hengguang Technology Co was 0.40. The lowest was 0.01. And the median was 0.08.

SZSE:301118's Debt-to-Equity is ranked worse than
53.63% of 1406 companies
in the Chemicals industry
Industry Median: 0.36 vs SZSE:301118: 0.40

Hunan Hengguang Technology Co Debt-to-Equity Historical Data

The historical data trend for Hunan Hengguang 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.

Hunan Hengguang Technology Co Debt-to-Equity Chart

Hunan Hengguang Technology Co Annual Data
Trend Dec12 Dec13 Dec14 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.02 0.06 0.06 0.12 0.33

Hunan Hengguang Technology Co Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 0.31 0.33 0.39 0.40 0.40

Competitive Comparison of Hunan Hengguang Technology Co's Debt-to-Equity

For the Chemicals subindustry, Hunan Hengguang 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.


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

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

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



Hunan Hengguang Technology Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

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

Hunan Hengguang Technology Co's Debt to Equity Ratio for the quarter that ended in Sep. 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.


Hunan Hengguang Technology Co  (SZSE:301118) 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.


Hunan Hengguang Technology Co Debt-to-Equity Related Terms

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


Hunan Hengguang Technology Co Business Description

Traded in Other Exchanges
N/A
Address
No. 01, Yanmen, Hongjiang District, Hunan Province, Huaihua, CHN, 418200
Hunan Hengguang Technology Co Ltd is engaged in the research and development, production and sales of sulfur and chlorination products chain.
Executives
Tan Yan Chun Executives
Zhu You Liang Secretary, Director
Hu Jian Xin Executives

Hunan Hengguang Technology Co Headlines

No Headlines