Nanjing Chemical Fibre Co (SHSE:600889) Debt-to-Equity : 0.41 (As of Mar. 2024)

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What is Nanjing Chemical Fibre Co Debt-to-Equity?

Nanjing Chemical Fibre Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥99.1 Mil. Nanjing Chemical Fibre Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥242.2 Mil. Nanjing Chemical Fibre Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥840.4 Mil. Nanjing Chemical Fibre Co's debt to equity for the quarter that ended in Mar. 2024 was 0.41.

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 Nanjing Chemical Fibre Co's Debt-to-Equity or its related term are showing as below:

SHSE:600889' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.04 Med: 0.2 Max: 0.41
Current: 0.41

During the past 13 years, the highest Debt-to-Equity Ratio of Nanjing Chemical Fibre Co was 0.41. The lowest was 0.04. And the median was 0.20.

SHSE:600889's Debt-to-Equity is ranked worse than
54.9% of 1399 companies
in the Chemicals industry
Industry Median: 0.35 vs SHSE:600889: 0.41

Nanjing Chemical Fibre Co Debt-to-Equity Historical Data

The historical data trend for Nanjing Chemical Fibre 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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Nanjing Chemical Fibre Co Debt-to-Equity Chart

Nanjing Chemical Fibre Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.04

0.09

0.20

0.34

Nanjing Chemical Fibre Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															0.22	0.24	0.26	0.34	0.41

Competitive Comparison of Nanjing Chemical Fibre Co's Debt-to-Equity

For the Chemicals subindustry, Nanjing Chemical Fibre 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.

Nanjing Chemical Fibre Co's Debt-to-Equity Distribution in the Chemicals Industry

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

* The bar in red indicates where Nanjing Chemical Fibre Co's Debt-to-Equity falls into.

Nanjing Chemical Fibre Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Nanjing Chemical Fibre 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
	=	(80.016	+	213.469)	/	872.459
	=	0.34

Nanjing Chemical Fibre 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
	=	(99.105	+	242.219)	/	840.367
	=	0.41

Nanjing Chemical Fibre Co (SHSE:600889) 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.

Nanjing Chemical Fibre Co Debt-to-Equity Related Terms

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Nanjing Chemical Fibre Co (SHSE:600889) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Nanjing Chemical Fibre Co Ltd (SHSE:600889) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

No. 2, Yuzhuang Road, Xiongzhou Street, Liuhe District, Jiangsu, Nanjing, CHN, 211511

Website

http://www.ncfc.cn

Nanjing Chemical Fibre Co Ltd is a China-based company mainly engaged in the production and operation of viscose fiber and tap water. The company produces Jinling brand viscose fiber which is sold in China and exported to South Korea, Japan, Vietnam, Europe and the United States. Its water plant is located at Yanziji, Qixia District, Nanjing, and has a water supply capacity of approx. 150,000 tons/day. The company provides tap water service to enterprises in the economic and technological development zone and its surrounding factories and residential quarters.

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