Fushun Special Steel Co (SHSE:600399) Debt-to-Equity : 0.44 (As of Dec. 2023)

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What is Fushun Special Steel Co Debt-to-Equity?

Fushun Special Steel Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ¥709 Mil. Fushun Special Steel Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ¥2,106 Mil. Fushun Special Steel Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was ¥6,418 Mil. Fushun Special Steel Co's debt to equity for the quarter that ended in Dec. 2023 was 0.44.

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 Fushun Special Steel Co's Debt-to-Equity or its related term are showing as below:

SHSE:600399' s Debt-to-Equity Range Over the Past 10 Years
Min: -4.53 Med: 0.51 Max: 24.44
Current: 0.44

During the past 13 years, the highest Debt-to-Equity Ratio of Fushun Special Steel Co was 24.44. The lowest was -4.53. And the median was 0.51.

SHSE:600399's Debt-to-Equity is ranked worse than
51.52% of 559 companies
in the Steel industry
Industry Median: 0.41 vs SHSE:600399: 0.44

Fushun Special Steel Co Debt-to-Equity Historical Data

The historical data trend for Fushun Special Steel 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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Fushun Special Steel Co Debt-to-Equity Chart

Fushun Special Steel Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.54

0.48

0.41

0.43

0.44

Fushun Special Steel 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	Get a 7-Day Free Trial															0.43	0.42	0.44	0.43	0.44

Competitive Comparison of Fushun Special Steel Co's Debt-to-Equity

For the Steel subindustry, Fushun Special Steel 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.

Fushun Special Steel Co's Debt-to-Equity Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Fushun Special Steel Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Fushun Special Steel Co's Debt-to-Equity falls into.

Fushun Special Steel Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Fushun Special Steel 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
	=	(708.69	+	2106.272)	/	6417.925
	=	0.44

Fushun Special Steel 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
	=	(708.69	+	2106.272)	/	6417.925
	=	0.44

Fushun Special Steel Co (SHSE:600399) 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.

Fushun Special Steel Co Debt-to-Equity Related Terms

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Fushun Special Steel Co (SHSE:600399) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Fushun Special Steel Co Ltd (SHSE:600399) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

No. 8 Anshan Road, East Section, Wanghua District, Fushun, Liaoning, CHN, 113001

Website

http://www.fs-ss.com

Fushun Special Steel Co Ltd is a China-based company engaged in the smelting and processing of special steel products and its materials. Its products include special alloys, tool steel, high strength steel, high-temperature, and corrosion-resistant alloys, titanium, and alloy structural steel. Its products are used in the aviation, aerospace, marine, nuclear, petroleum, chemical, electronics, machinery and other fields.

Fushun Special Steel Co (SHSE:600399) Headlines

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