Chengdu Zhonghuan Flow Controls Mfg Co (BJSE:836260) Debt-to-Equity : 0.07 (As of Mar. 2024)

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What is Chengdu Zhonghuan Flow Controls Mfg Co Debt-to-Equity?

Chengdu Zhonghuan Flow Controls Mfg Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥30.0 Mil. Chengdu Zhonghuan Flow Controls Mfg Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥0.0 Mil. Chengdu Zhonghuan Flow Controls Mfg Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥420.5 Mil. Chengdu Zhonghuan Flow Controls Mfg Co's debt to equity for the quarter that ended in Mar. 2024 was 0.07.

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 Chengdu Zhonghuan Flow Controls Mfg Co's Debt-to-Equity or its related term are showing as below:

BJSE:836260' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.04 Max: 0.08
Current: 0.07

During the past 11 years, the highest Debt-to-Equity Ratio of Chengdu Zhonghuan Flow Controls Mfg Co was 0.08. The lowest was 0.00. And the median was 0.04.

BJSE:836260's Debt-to-Equity is ranked better than
79.65% of 2629 companies
in the Industrial Products industry
Industry Median: 0.29 vs BJSE:836260: 0.07

Chengdu Zhonghuan Flow Controls Mfg Co Debt-to-Equity Historical Data

The historical data trend for Chengdu Zhonghuan Flow Controls Mfg 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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Chengdu Zhonghuan Flow Controls Mfg Co Debt-to-Equity Chart

Chengdu Zhonghuan Flow Controls Mfg Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.04

0.03

0.07

Chengdu Zhonghuan Flow Controls Mfg Co Quarterly Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															-	0.08	0.08	0.07	0.07

Competitive Comparison of Chengdu Zhonghuan Flow Controls Mfg Co's Debt-to-Equity

For the Specialty Industrial Machinery subindustry, Chengdu Zhonghuan Flow Controls Mfg 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.

Chengdu Zhonghuan Flow Controls Mfg Co's Debt-to-Equity Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Chengdu Zhonghuan Flow Controls Mfg Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Chengdu Zhonghuan Flow Controls Mfg Co's Debt-to-Equity falls into.

Chengdu Zhonghuan Flow Controls Mfg Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Chengdu Zhonghuan Flow Controls Mfg 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
	=	(30	+	0)	/	413.749
	=	0.07

Chengdu Zhonghuan Flow Controls Mfg 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
	=	(30	+	0)	/	420.469
	=	0.07

Chengdu Zhonghuan Flow Controls Mfg Co (BJSE:836260) 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.

Chengdu Zhonghuan Flow Controls Mfg Co Debt-to-Equity Related Terms

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Chengdu Zhonghuan Flow Controls Mfg Co (BJSE:836260) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Chengdu Zhonghuan Flow Controls Mfg Co Ltd (BJSE:836260) » Definitions » Debt-to-Equity

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Traded in Other Exchanges

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Address

No. 2139, Konggang 4th Road, Southwest Airport, Pilot Free Trade Zone, Xihanggang, Shuangliu District, Chengdu, CHN, 610207

Website

https://www.zh-flow.com

Chengdu Zhonghuan Flow Controls Mfg Co Ltd engages in the design, development, production, and sales of valve actuators, wellhead safety control systems, and skid-mounted equipment. It manufactures API 6D valve gas-hydraulic actuators, electro-hydraulic actuators, and pneumatic actuators; API 6A wellhead safety control systems, wellhead safety valve actuators; skids for major conventional oil and gas fields, unconventional oil and gas fields, gas storage depots, and local gas companies Assembly and module manufacturing; control valves and instrumentation.

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