Advanced Technology & Materials Co (SZSE:000969) Debt-to-Equity : 0.17 (As of Sep. 2023)

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What is Advanced Technology & Materials Co Debt-to-Equity?

Advanced Technology & Materials Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ¥145 Mil. Advanced Technology & Materials Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ¥694 Mil. Advanced Technology & Materials Co's Total Stockholders Equity for the quarter that ended in Sep. 2023 was ¥5,066 Mil. Advanced Technology & Materials Co's debt to equity for the quarter that ended in Sep. 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 Advanced Technology & Materials Co's Debt-to-Equity or its related term are showing as below:

SZSE:000969' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.16 Med: 0.39 Max: 0.57
Current: 0.17

During the past 13 years, the highest Debt-to-Equity Ratio of Advanced Technology & Materials Co was 0.57. The lowest was 0.16. And the median was 0.39.

SZSE:000969's Debt-to-Equity is ranked worse than
54.09% of 1309 companies
in the Metals & Mining industry
Industry Median: 0.13 vs SZSE:000969: 0.17

Advanced Technology & Materials Co Debt-to-Equity Historical Data

The historical data trend for Advanced Technology & Materials 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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Advanced Technology & Materials Co Debt-to-Equity Chart

Advanced Technology & Materials Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Debt-to-Equity

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0.45

0.32

0.26

0.22

0.19

Advanced Technology & Materials Co Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial															0.20	0.19	0.19	0.16	0.17

Competitive Comparison of Advanced Technology & Materials Co's Debt-to-Equity

For the Other Industrial Metals & Mining subindustry, Advanced Technology & Materials 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.

Advanced Technology & Materials Co's Debt-to-Equity Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Advanced Technology & Materials Co's Debt-to-Equity falls into.

Advanced Technology & Materials Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Advanced Technology & Materials Co'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
	=	(296.853	+	665.876)	/	4952.193
	=	0.19

Advanced Technology & Materials Co'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
	=	(145.129	+	694.479)	/	5066.282
	=	0.17

Advanced Technology & Materials Co (SZSE:000969) 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.

Advanced Technology & Materials Co Debt-to-Equity Related Terms

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Advanced Technology & Materials Co (SZSE:000969) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Advanced Technology & Materials Co Ltd (SZSE:000969) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

No. 76 Xueyuan South Road, Haidian District, Beijing, Beijing, CHN, 100081

Website

http://www.atmcn.com

Advanced Technology & Materials Co Ltd is a Chinese high-tech company that focuses on the research and development and manufacture of new metallic materials and products. Its products include amorphous and nano-crystalline materials and products; refractory materials and products; powder materials and products; magnetic materials and products; welding materials and products; filtration materials and environmental protection engineering products; and high-speed steel and diamond tools. These products are used in various fields which include aerospace, energy, transportation, consumer electronics, construction and building materials, petrochemical, saving and environmental protection industries. Geographically the activities are carried out through China.

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