Shanghai Huafon Aluminium (SHSE:601702) Debt-to-Equity

: 0.43 (As of Sep. 2023)

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Shanghai Huafon Aluminium's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ¥1,808 Mil. Shanghai Huafon Aluminium's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ¥50 Mil. Shanghai Huafon Aluminium's Total Stockholders Equity for the quarter that ended in Sep. 2023 was ¥4,294 Mil. Shanghai Huafon Aluminium's debt to equity for the quarter that ended in Sep. 2023 was 0.43.

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 Shanghai Huafon Aluminium's Debt-to-Equity or its related term are showing as below:

SHSE:601702' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.43 Med: 0.73 Max: 1.88
Current: 0.43

During the past 8 years, the highest Debt-to-Equity Ratio of Shanghai Huafon Aluminium was 1.88. The lowest was 0.43. And the median was 0.73.

SHSE:601702's Debt-to-Equity is ranked worse than
72.62% of 1304 companies
in the Metals & Mining industry
Industry Median: 0.13 vs SHSE:601702: 0.43

Shanghai Huafon Aluminium Debt-to-Equity Historical Data

The historical data trend for Shanghai Huafon Aluminium'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.

Shanghai Huafon Aluminium Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Debt-to-Equity

1.71

1.63

0.70

0.69

0.52

Shanghai Huafon Aluminium Quarterly Data
	Jun18	Dec18	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Debt-to-Equity																0.59	0.52	0.50	0.44	0.43

Competitive Comparison

For the Aluminum subindustry, Shanghai Huafon Aluminium'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.

Shanghai Huafon Aluminium Debt-to-Equity Distribution

For the Metals & Mining industry and Basic Materials sector, Shanghai Huafon Aluminium's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Shanghai Huafon Aluminium's Debt-to-Equity falls into.

Shanghai Huafon Aluminium Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Shanghai Huafon Aluminium's Debt to Equity Ratio for the fiscal year that ended in Dec. 2022 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
	=	(1606.744	+	331.358)	/	3732.538
	=	0.52

Shanghai Huafon Aluminium's Debt to Equity Ratio for the quarter that ended in Sep. 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
	=	(1807.98	+	50.424)	/	4294.467
	=	0.43

Shanghai Huafon Aluminium (SHSE:601702) 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.

Shanghai Huafon Aluminium Debt-to-Equity Related Terms

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Shanghai Huafon Aluminium (SHSE:601702) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Shanghai Huafon Aluminium Corp (SHSE:601702) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

1111 Yuegong Road, Jinshan District, Shanghai, CHN, 201506

Website

http://www.huafonal.com

Shanghai Huafon Aluminium Corp is engaged in production and sales of aluminum sheet, strip and foil. The company's products include brazed heat exchangers material; water tanks, heaters, air coolers; condenser; evaporator, heater, oil cooler; and Other Industrial Products Materials. Its products line covers all kinds of alloyed material and specifications which is widely used in the automobile and construction machinery and equipment cooling systems, power station cooling system, micro-channel cooler and all kinds of both commercial and residential air-conditioners. It also processes all kinds of aluminum products processing 1,3,4,5,7 series, which are widely used in transportation construction, food packaging, electronics information industry and other fields.

Shanghai Huafon Aluminium (SHSE:601702) Headlines

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