Western Superconducting Technologies Co (SHSE:688122) Debt-to-Equity : 0.43 (As of Dec. 2023)

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What is Western Superconducting Technologies Co Debt-to-Equity?

Western Superconducting Technologies Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ¥1,167 Mil. Western Superconducting Technologies Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ¥1,553 Mil. Western Superconducting Technologies Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was ¥6,325 Mil. Western Superconducting Technologies Co's debt to equity for the quarter that ended in Dec. 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 Western Superconducting Technologies Co's Debt-to-Equity or its related term are showing as below:

SHSE:688122' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.28 Med: 0.51 Max: 1.05
Current: 0.43

During the past 13 years, the highest Debt-to-Equity Ratio of Western Superconducting Technologies Co was 1.05. The lowest was 0.28. And the median was 0.51.

SHSE:688122's Debt-to-Equity is ranked worse than
61.49% of 2620 companies
in the Industrial Products industry
Industry Median: 0.28 vs SHSE:688122: 0.43

Western Superconducting Technologies Co Debt-to-Equity Historical Data

The historical data trend for Western Superconducting Technologies 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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Western Superconducting Technologies Co Debt-to-Equity Chart

Western Superconducting Technologies Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.43

0.50

0.28

0.41

0.43

Western Superconducting Technologies 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															0.41	0.41	0.43	0.44	0.43

Competitive Comparison of Western Superconducting Technologies Co's Debt-to-Equity

For the Metal Fabrication subindustry, Western Superconducting Technologies 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.

Western Superconducting Technologies Co's Debt-to-Equity Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Western Superconducting Technologies Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Western Superconducting Technologies Co's Debt-to-Equity falls into.

Western Superconducting Technologies Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Western Superconducting Technologies 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
	=	(1167.019	+	1553.322)	/	6324.776
	=	0.43

Western Superconducting Technologies 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
	=	(1167.019	+	1553.322)	/	6324.776
	=	0.43

Western Superconducting Technologies Co (SHSE:688122) 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.

Western Superconducting Technologies Co Debt-to-Equity Related Terms

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Western Superconducting Technologies Co (SHSE:688122) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Western Superconducting Technologies Co Ltd (SHSE:688122) » Definitions » Debt-to-Equity

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Traded in Other Exchanges

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Address

No. 12, Mingguang Road, Economic and Technological Development Zone, Shaanxi Province, Xi'an, CHN, 710018

Website

http://www.c-wst.com

Western Superconducting Technologies Co Ltd is engaged in the development, production and sales of high-end titanium alloy materials, superconducting products and high-performance superalloy materials. Geographically, the business presence of the group can be seen in both Chinese and international market.

Western Superconducting Technologies Co (SHSE:688122) Headlines

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