XYIGF (Xinyi Glass Holdings) Debt-to-Equity : 0.21 (As of Dec. 2024)

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What is Xinyi Glass Holdings Debt-to-Equity?

Xinyi Glass Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2024 was $744 Mil. Xinyi Glass Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2024 was $258 Mil. Xinyi Glass Holdings's Total Stockholders Equity for the quarter that ended in Dec. 2024 was $4,691 Mil. Xinyi Glass Holdings's debt to equity for the quarter that ended in Dec. 2024 was 0.21.

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 Xinyi Glass Holdings's Debt-to-Equity or its related term are showing as below:

XYIGF' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.21 Med: 0.46 Max: 0.58
Current: 0.21

During the past 13 years, the highest Debt-to-Equity Ratio of Xinyi Glass Holdings was 0.58. The lowest was 0.21. And the median was 0.46.

XYIGF's Debt-to-Equity is ranked better than
67.12% of 365 companies
in the Building Materials industry
Industry Median: 0.37 vs XYIGF: 0.21

Xinyi Glass Holdings Debt-to-Equity Historical Data

The historical data trend for Xinyi Glass Holdings'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.

Xinyi Glass Holdings Debt-to-Equity Chart

Xinyi Glass Holdings Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Debt-to-Equity

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0.42

0.45

0.42

0.23

0.21

Xinyi Glass Holdings Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Debt-to-Equity	Get a 7-Day Free Trial															0.42	0.41	0.23	0.20	0.21

Competitive Comparison of Xinyi Glass Holdings's Debt-to-Equity

For the Building Materials subindustry, Xinyi Glass Holdings'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.

Xinyi Glass Holdings's Debt-to-Equity Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, Xinyi Glass Holdings's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Xinyi Glass Holdings's Debt-to-Equity falls into.

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Xinyi Glass Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Xinyi Glass Holdings's Debt to Equity Ratio for the fiscal year that ended in Dec. 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
	=	(743.864	+	257.882)	/	4690.5
	=	0.21

Xinyi Glass Holdings's Debt to Equity Ratio for the quarter that ended in Dec. 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
	=	(743.864	+	257.882)	/	4690.5
	=	0.21

Xinyi Glass Holdings (OTCPK:XYIGF) 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.

Xinyi Glass Holdings Debt-to-Equity Related Terms

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

Xinyi Glass Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Xinyi Glass Holdings Ltd (OTCPK:XYIGF) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

XYIGY:USA 00868:Hong Kong XI9:Germany XI9:Germany

Address

135 Hoi Bun Road, Unit 2101-2108, 21st Floor, Rykadan Capital Tower, Kwun Tong, Kowloon, Hong Kong, HKG

Website

https://www.xinyiglass.com

Xinyi Glass Holdings Ltd is engaged in the production and sales of float glass products, automobile glass products, construction glass products, and a variety of related products in the PRC and Malaysia. Its product portfolio comprises clear glass, glass for windshields, heating glass, laminated glass, heat-reflective coated glass, and others. The company's operating segments are Float glass, Automobile glass, and Architectural glass. A majority of its revenue is generated from the Float glass segment, which offers clear glass, F-green glass, and European gray glass. Geographically, the company generates maximum revenue from Greater China, and the rest from other regions like Europe, Australia, New Zealand, Africa, the Middle East, Central America, North and South America.

Xinyi Glass Holdings Headlines

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