Zhejiang Juhua Co (SHSE:600160) Debt-to-Equity

: 0.17 (As of Dec. 2023)

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Zhejiang Juhua Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ¥862 Mil. Zhejiang Juhua Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ¥1,919 Mil. Zhejiang Juhua Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was ¥16,075 Mil. Zhejiang Juhua Co's debt to equity for the quarter that ended in Dec. 2023 was 0.17.

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

SHSE:600160' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.05 Max: 0.14
Current: 0.13

During the past 13 years, the highest Debt-to-Equity Ratio of Zhejiang Juhua Co was 0.14. The lowest was 0.00. And the median was 0.05.

SHSE:600160's Debt-to-Equity is ranked better than
73.15% of 1393 companies
in the Chemicals industry
Industry Median: 0.35 vs SHSE:600160: 0.13

Zhejiang Juhua Co Debt-to-Equity Historical Data

The historical data trend for Zhejiang Juhua 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.

Zhejiang Juhua Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

0.01

0.07

0.05

0.11

0.17

Zhejiang Juhua Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity																0.11	0.11	0.14	0.13	0.17

Competitive Comparison

For the Chemicals subindustry, Zhejiang Juhua 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.

Zhejiang Juhua Co Debt-to-Equity Distribution

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

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

Zhejiang Juhua Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Zhejiang Juhua 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
	=	(862.038	+	1918.756)	/	16074.823
	=	0.17

Zhejiang Juhua Co's Debt to Equity Ratio for the quarter 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
	=	(862.038	+	1918.756)	/	16074.823
	=	0.17

Zhejiang Juhua Co (SHSE:600160) 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.

Zhejiang Juhua Co Debt-to-Equity Related Terms

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Zhejiang Juhua Co (SHSE:600160) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Zhejiang Juhua Co Ltd (SHSE:600160) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

Kecheng District, Zhejiang Province, Quzhou, CHN, 324004

Website

http://www.jhgf.com.cn

Zhejiang Juhua Co Ltd is a China-based company engaged in the production and sales of fluorochemical materials, fine fluorochemicals, basic chemicals, fertilizers and pesticides, and other chemical related products. The product portfolio offered by the company covers fluoropolymers, methane chlorides, fine chemicals, fine chemicals, ODS substitutes, inorganic chemical materials, petrochemical industry and others.

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