Jiangsu Sinonic Precision Alloy Co (BJSE:833914) Debt-to-Equity : 0.14 (As of Mar. 2024)

View and export this data going back to 2022. Start your Free Trial

What is Jiangsu Sinonic Precision Alloy Co Debt-to-Equity?

Jiangsu Sinonic Precision Alloy Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥117.9 Mil. Jiangsu Sinonic Precision Alloy Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥0.0 Mil. Jiangsu Sinonic Precision Alloy Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥871.4 Mil. Jiangsu Sinonic Precision Alloy Co's debt to equity for the quarter that ended in Mar. 2024 was 0.14.

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 Sinonic Precision Alloy Co's Debt-to-Equity or its related term are showing as below:

BJSE:833914' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.06 Med: 0.17 Max: 0.59
Current: 0.14

During the past 11 years, the highest Debt-to-Equity Ratio of Jiangsu Sinonic Precision Alloy Co was 0.59. The lowest was 0.06. And the median was 0.17.

BJSE:833914's Debt-to-Equity is ranked better than
68.36% of 2623 companies
in the Industrial Products industry
Industry Median: 0.28 vs BJSE:833914: 0.14

Jiangsu Sinonic Precision Alloy Co Debt-to-Equity Historical Data

The historical data trend for Jiangsu Sinonic Precision Alloy 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.

Jiangsu Sinonic Precision Alloy Co Debt-to-Equity Chart

Jiangsu Sinonic Precision Alloy Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

0.19

0.18

0.15

0.06

Jiangsu Sinonic Precision Alloy Co Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Jun20	Dec20	Mar21	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															0.07	0.07	0.09	0.06	0.14

Competitive Comparison of Jiangsu Sinonic Precision Alloy Co's Debt-to-Equity

For the Metal Fabrication subindustry, Jiangsu Sinonic Precision Alloy 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 Sinonic Precision Alloy Co's Debt-to-Equity Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Jiangsu Sinonic Precision Alloy Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Jiangsu Sinonic Precision Alloy Co's Debt-to-Equity falls into.

Jiangsu Sinonic Precision Alloy Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Jiangsu Sinonic Precision Alloy 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
	=	(35.658	+	19)	/	861.331
	=	0.06

Jiangsu Sinonic Precision Alloy 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
	=	(117.917	+	0)	/	871.398
	=	0.14

Jiangsu Sinonic Precision Alloy Co (BJSE:833914) 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 Sinonic Precision Alloy Co Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Jiangsu Sinonic Precision Alloy Co's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Jiangsu Sinonic Precision Alloy Co (BJSE:833914) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Jiangsu Sinonic Precision Alloy Co Ltd (BJSE:833914) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Luyuan Road (Nanyue Village), Environmental Protection Technology Industrial Park, Yixing Huankeyuan, Yixing City, Jiangsu Province, Wuxi City, CHN, 214205

Website

Jiangsu Sinonic Precision Alloy Co Ltd engages in research, development, production, and sales of non-ferrous metal precision alloys, production of non-ferrous metal precision alloy materials, precision nickel alloy strips, foils, and non-ferrous metal composite materials. Its products are used in aerospace, aviation, electric vehicles, electric tools, batteries, computers, and mobile phones industries.

Jiangsu Sinonic Precision Alloy Co (BJSE:833914) Headlines

No Headlines