Jiangsu Keqiang New Materials Co (BJSE:873665) Debt-to-Equity : 0.00 (As of Mar. 2024)

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What is Jiangsu Keqiang New Materials Co Debt-to-Equity?

Jiangsu Keqiang New Materials Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥0.0 Mil. Jiangsu Keqiang New Materials Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥0.0 Mil. Jiangsu Keqiang New Materials Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥699.6 Mil. Jiangsu Keqiang New Materials 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 Keqiang New Materials Co's Debt-to-Equity or its related term are showing as below:

During the past 7 years, the highest Debt-to-Equity Ratio of Jiangsu Keqiang New Materials Co was 0.21. The lowest was 0.21. And the median was 0.21.

BJSE:873665's Debt-to-Equity is not ranked ^*
in the Chemicals industry.
Industry Median: 0.36
* Ranked among companies with meaningful Debt-to-Equity only.

Jiangsu Keqiang New Materials Co Debt-to-Equity Historical Data

The historical data trend for Jiangsu Keqiang New 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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Jiangsu Keqiang New Materials Co Debt-to-Equity Chart

Jiangsu Keqiang New Materials Co Annual Data

Trend

Dec15

Dec16

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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Jiangsu Keqiang New Materials Co Quarterly Data
	Dec15	Jun16	Dec16	Jun17	Dec19	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
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Competitive Comparison of Jiangsu Keqiang New Materials Co's Debt-to-Equity

For the Specialty Chemicals subindustry, Jiangsu Keqiang New 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.

Jiangsu Keqiang New Materials Co's Debt-to-Equity Distribution in the Chemicals Industry

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

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

Jiangsu Keqiang New Materials Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Jiangsu Keqiang New Materials 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)	/	679.82
	=	0.00

Jiangsu Keqiang New Materials 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)	/	699.623
	=	0.00

Jiangsu Keqiang New Materials Co (BJSE:873665) 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 Keqiang New Materials Co Debt-to-Equity Related Terms

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Jiangsu Keqiang New Materials Co (BJSE:873665) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Jiangsu Keqiang New Materials Co Ltd (BJSE:873665) » Definitions » Debt-to-Equity

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Traded in Other Exchanges

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Address

No. 1, Xiasheng Road, Qiaoqi Industrial Park, Jiangyin, CHN

Website

http://www.keqiangtape.com

Jiangsu Keqiang New Materials Co Ltd is a company engaged in research & development, production and sales of special high-performance rubber (cloth, plate, belt) products, providing global customers with system solutions in the fields of sealing, buffering, anti-corrosion, transmission and other fields. The main products include train windshield fabrics, silicone sheets for photovoltaic module laminators, rubber sealing parts for storage tanks, lightweight rubber conveyor belts, etc.

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