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Hunan Huitong Advanced Materials Co (BJSE:833751) Debt-to-Equity : 0.00 (As of Jun. 2024)


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What is Hunan Huitong Advanced Materials Co Debt-to-Equity?

Hunan Huitong Advanced Materials Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was ¥0.0 Mil. Hunan Huitong Advanced Materials Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was ¥0.0 Mil. Hunan Huitong Advanced Materials Co's Total Stockholders Equity for the quarter that ended in Jun. 2024 was ¥360.3 Mil. Hunan Huitong Advanced Materials Co's debt to equity for the quarter that ended in Jun. 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 Hunan Huitong Advanced Materials Co's Debt-to-Equity or its related term are showing as below:

BJSE:833751' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.03   Med: 0.21   Max: 0.3
Current: 0.03

During the past 11 years, the highest Debt-to-Equity Ratio of Hunan Huitong Advanced Materials Co was 0.30. The lowest was 0.03. And the median was 0.21.

BJSE:833751's Debt-to-Equity is ranked better than
89.86% of 2632 companies
in the Industrial Products industry
Industry Median: 0.29 vs BJSE:833751: 0.03

Hunan Huitong Advanced Materials Co Debt-to-Equity Historical Data

The historical data trend for Hunan Huitong Advanced 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.

* Premium members only.

Hunan Huitong Advanced Materials Co Debt-to-Equity Chart

Hunan Huitong Advanced Materials Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.27 0.23 0.03 0.18 0.03

Hunan Huitong Advanced Materials Co Quarterly Data
Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
Debt-to-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.15 0.07 0.03 - -

Competitive Comparison of Hunan Huitong Advanced Materials Co's Debt-to-Equity

For the Metal Fabrication subindustry, Hunan Huitong Advanced 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.


Hunan Huitong Advanced Materials Co's Debt-to-Equity Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Hunan Huitong Advanced Materials Co's Debt-to-Equity distribution charts can be found below:

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



Hunan Huitong Advanced Materials Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Hunan Huitong Advanced Materials Co's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Hunan Huitong Advanced Materials Co's Debt to Equity Ratio for the quarter that ended in Jun. 2024 is calculated as

* 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.


Hunan Huitong Advanced Materials Co  (BJSE:833751) 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.


Hunan Huitong Advanced Materials Co Debt-to-Equity Related Terms

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Hunan Huitong Advanced Materials Co Business Description

Traded in Other Exchanges
N/A
Address
No. 489 Lusong Road, Yuelu, Hunan, Changsha, CHN, 410205
Hunan Huitong Advanced Materials Co Ltd is engaged in research & development, production and sales of metal fibers and their products. The company has a complete metal fiber production line. The main products are: various metal fibers with a diameter of 2-100m (such as stainless steel fibers, iron-chromium-aluminum fibers, nickel fibers, titanium fibers, aluminum fibers, etc.) Widely used in automotive, textile, petroleum, chemical, military, communications and other fields.

Hunan Huitong Advanced Materials Co Headlines

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