Jiangsu Huaxin New Material Co (SZSE:300717) Debt-to-Equity : 0.00 (As of Mar. 2024)

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What is Jiangsu Huaxin New Material Co Debt-to-Equity?

Jiangsu Huaxin New Material Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥0.0 Mil. Jiangsu Huaxin New Material Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥0.0 Mil. Jiangsu Huaxin New Material Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥684.4 Mil. Jiangsu Huaxin New Material Co's debt to equity for the quarter that ended in Mar. 2024 was 0.00.

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 Jiangsu Huaxin New Material Co's Debt-to-Equity or its related term are showing as below:

SZSE:300717' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.03 Med: 0.11 Max: 0.19
Current: 0.04

During the past 11 years, the highest Debt-to-Equity Ratio of Jiangsu Huaxin New Material Co was 0.19. The lowest was 0.03. And the median was 0.11.

SZSE:300717's Debt-to-Equity is ranked better than
88.91% of 1398 companies
in the Chemicals industry
Industry Median: 0.35 vs SZSE:300717: 0.04

Jiangsu Huaxin New Material Co Debt-to-Equity Historical Data

The historical data trend for Jiangsu Huaxin New Material 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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Jiangsu Huaxin New Material Co Debt-to-Equity Chart

Jiangsu Huaxin New Material Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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Jiangsu Huaxin New Material 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															-	0.03	0.04	-	-

Competitive Comparison of Jiangsu Huaxin New Material Co's Debt-to-Equity

For the Specialty Chemicals subindustry, Jiangsu Huaxin New Material 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.

Jiangsu Huaxin New Material Co's Debt-to-Equity Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Jiangsu Huaxin New Material Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Jiangsu Huaxin New Material Co's Debt-to-Equity falls into.

Jiangsu Huaxin New Material Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Jiangsu Huaxin New Material 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
	=	(0	+	0)	/	673.763
	=	0.00

Jiangsu Huaxin New Material 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
	=	(0	+	0)	/	684.438
	=	0.00

Jiangsu Huaxin New Material Co (SZSE:300717) 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.

Jiangsu Huaxin New Material Co Debt-to-Equity Related Terms

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Jiangsu Huaxin New Material Co (SZSE:300717) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Jiangsu Huaxin New Material Co Ltd (SZSE:300717) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

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Address

No. 189, Daqiao East Road, Xinyi, Taipei, CHN, 221416

Website

http://www.huaxinchina.cc

Jiangsu Huaxin New Material Co Ltd manufactures plastic products. The Company designs, produces, and markets smart card substrate and functional plastic films. Its products include PETG, PVC, PVC/ABS blend, bio-degradable PHA, and medical films; coated overlays; digital printing materials; and PET and PC card materials, as well as coated PVC for etching antennas. The company offers its products for use in various industries, including finance, transport, medical treatment, electronic information, social security, decoration, packaging.

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