Hwaxin Environmental Co (SZSE:301265) Debt-to-Equity : 0.01 (As of Mar. 2024)

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What is Hwaxin Environmental Co Debt-to-Equity?

Hwaxin Environmental Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥4.2 Mil. Hwaxin Environmental Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥8.9 Mil. Hwaxin Environmental Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥2,034.8 Mil. Hwaxin Environmental Co's debt to equity for the quarter that ended in Mar. 2024 was 0.01.

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

SZSE:301265' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.06 Max: 0.19
Current: 0.01

During the past 7 years, the highest Debt-to-Equity Ratio of Hwaxin Environmental Co was 0.19. The lowest was 0.01. And the median was 0.06.

SZSE:301265's Debt-to-Equity is ranked better than
99.55% of 221 companies
in the Waste Management industry
Industry Median: 0.7 vs SZSE:301265: 0.01

Hwaxin Environmental Co Debt-to-Equity Historical Data

The historical data trend for Hwaxin Environmental 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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Hwaxin Environmental Co Debt-to-Equity Chart

Hwaxin Environmental Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.12

0.07

0.08

0.01

Hwaxin Environmental Co Quarterly Data
	Dec17	Dec18	Dec19	Jun20	Sep20	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial													0.01	0.01	0.01	0.01	0.01

Competitive Comparison of Hwaxin Environmental Co's Debt-to-Equity

For the Waste Management subindustry, Hwaxin Environmental 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.

Hwaxin Environmental Co's Debt-to-Equity Distribution in the Waste Management Industry

For the Waste Management industry and Industrials sector, Hwaxin Environmental Co's Debt-to-Equity distribution charts can be found below:

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

Hwaxin Environmental Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Hwaxin Environmental 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
	=	(4.964	+	8.729)	/	2050.064
	=	0.01

Hwaxin Environmental 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
	=	(4.244	+	8.947)	/	2034.818
	=	0.01

Hwaxin Environmental Co (SZSE:301265) 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.

Hwaxin Environmental Co Debt-to-Equity Related Terms

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Hwaxin Environmental Co (SZSE:301265) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Hwaxin Environmental Co Ltd (SZSE:301265) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 3-9, No. 4, Jingsheng North 1st Street, Jinqiao Science and Technology Industrial Base, Tongzhou Park, Zhongguancun Science and Technology, Tongzhou District, Beijing, CHN, 101102

Website

http://www.hxepd.com

Hwaxin Environmental Co Ltd is a high-tech environmental protection enterprise specializing in the recycling and disposal of solid waste. Its main business includes electronic waste dismantling, scrapped motor vehicle dismantling, waste electronic equipment recycling Utilization and disposal of hazardous waste and others.

Hwaxin Environmental Co (SZSE:301265) Headlines

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