Diwang Industrial Holdings (HKSE:01950) Debt-to-Equity : 0.07 (As of Jun. 2024)

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What is Diwang Industrial Holdings Debt-to-Equity?

Diwang Industrial Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was HK$48.4 Mil. Diwang Industrial Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was HK$0.0 Mil. Diwang Industrial Holdings's Total Stockholders Equity for the quarter that ended in Jun. 2024 was HK$682.8 Mil. Diwang Industrial Holdings's debt to equity for the quarter that ended in Jun. 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 Diwang Industrial Holdings's Debt-to-Equity or its related term are showing as below:

HKSE:01950' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.03 Med: 0.07 Max: 0.15
Current: 0.07

During the past 8 years, the highest Debt-to-Equity Ratio of Diwang Industrial Holdings was 0.15. The lowest was 0.03. And the median was 0.07.

HKSE:01950's Debt-to-Equity is ranked better than
82.55% of 1398 companies
in the Chemicals industry
Industry Median: 0.36 vs HKSE:01950: 0.07

Diwang Industrial Holdings Debt-to-Equity Historical Data

The historical data trend for Diwang Industrial Holdings'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.

Diwang Industrial Holdings Debt-to-Equity Chart

Diwang Industrial Holdings Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.15

0.03

0.04

Diwang Industrial Holdings Semi-Annual Data
	Dec16	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Debt-to-Equity	Get a 7-Day Free Trial									0.04	0.03	0.07	0.04	0.07

Competitive Comparison of Diwang Industrial Holdings's Debt-to-Equity

For the Specialty Chemicals subindustry, Diwang Industrial Holdings'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.

Diwang Industrial Holdings's Debt-to-Equity Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Diwang Industrial Holdings's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Diwang Industrial Holdings's Debt-to-Equity falls into.

Diwang Industrial Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Diwang Industrial Holdings'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
	=	(27.344	+	0)	/	671.494
	=	0.04

Diwang Industrial Holdings's Debt to Equity Ratio for the quarter that ended in Jun. 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
	=	(48.444	+	0)	/	682.803
	=	0.07

Diwang Industrial Holdings (HKSE:01950) 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.

Diwang Industrial Holdings Debt-to-Equity Related Terms

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Diwang Industrial Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Diwang Industrial Holdings Ltd (HKSE:01950) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.2, Jiangshan Road, Meicheng Town, Jiande County, Zhejiang Province, Hangzhou, CHN

Website

http://www.slkj.cn

Diwang Industrial Holdings Ltd, formerly Sunlight Technology Holdings Ltd, is an investment holding company mainly engaged in the faux leather chemicals business. The Company's business includes research and development, manufacturing and sale of coating agents and synthetic resins. The Company provides a wide range of faux leather chemical products, including colorants, namely, color paste and color chips, finishes, additives, and synthetic resins, for the manufacturing of polyurethane (PU) leather and polyvinyl chloride (PVC) leather. The Company distributes its products within the domestic market and to overseas markets.

Executives

Zheng Xiuyue	2101 Beneficial owner
Wong Waiyip
Cai Jianming	2201 Interest of corporation controlled by you
Chen Hua	2201 Interest of corporation controlled by you
Chen Yong	2201 Interest of corporation controlled by you
He Zhangcai	2201 Interest of corporation controlled by you
Li Xiangyu	2201 Interest of corporation controlled by you
Lilian Global Investment Limited	2101 Beneficial owner
Liu Jing	2201 Interest of corporation controlled by you
Sunlight Global Investment Limited	2101 Beneficial owner
Zhao Xuesheng	2201 Interest of corporation controlled by you
Zhu Jianqin	2201 Interest of corporation controlled by you

Diwang Industrial Holdings Headlines

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