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China Treasures New Materials Group (HKSE:02439) Debt-to-Equity : 0.14 (As of Jun. 2024)


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What is China Treasures New Materials Group Debt-to-Equity?

China Treasures New Materials Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was HK$68.1 Mil. China Treasures New Materials Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was HK$8.3 Mil. China Treasures New Materials Group's Total Stockholders Equity for the quarter that ended in Jun. 2024 was HK$530.8 Mil. China Treasures New Materials Group's debt to equity for the quarter that ended in Jun. 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 China Treasures New Materials Group's Debt-to-Equity or its related term are showing as below:

HKSE:02439' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.14   Med: 0.27   Max: 0.34
Current: 0.14

During the past 5 years, the highest Debt-to-Equity Ratio of China Treasures New Materials Group was 0.34. The lowest was 0.14. And the median was 0.27.

HKSE:02439's Debt-to-Equity is ranked better than
71.17% of 1391 companies
in the Chemicals industry
Industry Median: 0.36 vs HKSE:02439: 0.14

China Treasures New Materials Group Debt-to-Equity Historical Data

The historical data trend for China Treasures New Materials Group'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 Treasures New Materials Group Debt-to-Equity Chart

China Treasures New Materials Group Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-Equity
0.27 0.27 0.34 0.32 0.14

China Treasures New Materials Group Semi-Annual Data
Dec19 Dec20 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
Debt-to-Equity Get a 7-Day Free Trial N/A 0.32 0.16 0.14 0.14

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

For the Specialty Chemicals subindustry, China Treasures New Materials Group'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 Treasures New Materials Group's Debt-to-Equity Distribution in the Chemicals Industry

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

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


China Treasures New Materials Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

China Treasures New Materials Group'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
=(47.512 + 19.394) / 487.084
=0.14

China Treasures New Materials Group'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
=(68.084 + 8.33) / 530.848
=0.14

* 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.

China Treasures New Materials Group  (HKSE:02439) 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 Treasures New Materials Group Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of China Treasures New Materials Group's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

China Treasures New Materials Group Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » China Treasures New Materials Group Ltd (HKSE:02439) » Definitions » Debt-to-Equity
Comparable Companies
HKSE:02116 HKSE:01932 HKSE:00954 HKSE:01002 HKSE:02502 HKSE:01561 HKSE:01047 HKSE:01950 HKSE:00701 HKSE:01000 LIN XPAR:AI SHW ECL APD ISX:TPIA XSWX:SIKA XSWX:GIVN DD SHSE:600309
Traded in Other Exchanges
N/A
Address
No. 3, Jinger Road, South Karen Industrial Zone, Jiutai Economic Development Zone, Jilin Province, Changchun City, CHN
Website
http://www.jl-ks.cn
China Treasures New Materials Group Ltd mainly engages in developing and manufacturing biodegradable plastic products in Northeast China. Its biodegradable plastic products mainly come in biodegradable roll bags. The company provides biodegradable plastic products including biodegradable masterbatches that can be used to produce biodegradable plastic products. It has two segments development and manufacture of biodegradable plastic products; and development and manufacture of non-biodegradable automobile plastic parts.
Executives
Zhang Yuqiu
Lvsetianye Technology Holdings Limited
Lvsesenlin Technology Holdings Limited
Shan Yuzhu
Daziran Technology Invest Holdings Limited
China Plastic Environmental Protection Holdings Limited 2101 Beneficial owner
Zhe Jiang An Ji Jing Ji Kai Fa Qu Guan Li Wei Yuan Hui 2201 Interest of corporation controlled by you

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