China Lumena New Materials (China Lumena New Materials) Debt-to-Equity : -0.96 (As of Jun. 2021)

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What is China Lumena New Materials Debt-to-Equity?

China Lumena New Materials's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2021 was $596.84 Mil. China Lumena New Materials's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2021 was $580.22 Mil. China Lumena New Materials's Total Stockholders Equity for the quarter that ended in Jun. 2021 was $-1,231.35 Mil. China Lumena New Materials's debt to equity for the quarter that ended in Jun. 2021 was -0.96.

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 China Lumena New Materials's Debt-to-Equity or its related term are showing as below:

CHLUY' s Debt-to-Equity Range Over the Past 10 Years
Min: -0.96 Med: -0.32 Max: 1.1
Current: -0.96

During the past 13 years, the highest Debt-to-Equity Ratio of China Lumena New Materials was 1.10. The lowest was -0.96. And the median was -0.32.

CHLUY's Debt-to-Equity is not ranked
in the Chemicals industry.
Industry Median: 0.36 vs CHLUY: -0.96

China Lumena New Materials Debt-to-Equity Historical Data

The historical data trend for China Lumena New Materials'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.

China Lumena New Materials Debt-to-Equity Chart

China Lumena New Materials Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Debt-to-Equity

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-0.95

-0.96

China Lumena New Materials Semi-Annual Data
	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21
Debt-to-Equity	Get a 7-Day Free Trial															-0.96	-0.96	-0.96	-0.96	-0.96

Competitive Comparison of China Lumena New Materials's Debt-to-Equity

For the Chemicals subindustry, China Lumena New Materials'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.

China Lumena New Materials's Debt-to-Equity Distribution in the Chemicals Industry

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

* The bar in red indicates where China Lumena New Materials's Debt-to-Equity falls into.

China Lumena New Materials Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

China Lumena New Materials's Debt to Equity Ratio for the fiscal year that ended in Dec. 2020 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
	=	(572.859	+	570.077)	/	-1195.78
	=	-0.96

China Lumena New Materials's Debt to Equity Ratio for the quarter that ended in Jun. 2021 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
	=	(596.842	+	580.218)	/	-1231.351
	=	-0.96

China Lumena New Materials (OTCPK:CHLUY) 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.

China Lumena New Materials Debt-to-Equity Related Terms

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China Lumena New Materials (China Lumena New Materials) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » China Lumena New Materials Corp (OTCPK:CHLUY) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

22nd Floor, Prince’s Building, Central, Hong Kong, HKG

Website

https://www.lumena.hk

China Lumena New Materials Corp and its subsidiaries are engaged in the manufacturing and selling of polyphenylene sulfide products including PPS resin, PPS fiber, and PPS compounds. It is also engaged in processing and selling powder thenardite, specialty thenardite and medical thenardite.

China Lumena New Materials (China Lumena New Materials) Headlines

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