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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 Fujian Qingshan Paper Industry Co's Debt-to-Equity or its related term are showing as below:
SHSE:600103'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.12 Med: 0.21 Max: 0.41
Current: 0.14
During the past 13 years, the highest Debt-to-Equity Ratio of Fujian Qingshan Paper Industry Co was 0.41. The lowest was 0.12. And the median was 0.21.
SHSE:600103's Debt-to-Equity is ranked better than 77.34% of 256
companies
in the Forest Products industry
Industry Median: 0.495
vs SHSE:600103: 0.14
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.
Fujian Qingshan Paper Industry Co Debt-to-Equity Related Terms
Fujian Qingshan Paper Industry Co Debt-to-Equity Historical Data
* 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.
Fujian Qingshan Paper Industry Co Debt-to-Equity Chart
Fujian Qingshan Paper Industry Co Debt-to-Equity Competitor Comparison
For the Paper & Paper Products subindustry, Fujian Qingshan Paper Industry 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.
Fujian Qingshan Paper Industry Co Debt-to-Equity vs Forest Products Industry
For the Forest Products industry and Basic Materials sector, Fujian Qingshan Paper Industry Co's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Fujian Qingshan Paper Industry Co's Debt-to-Equity falls into.
* 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.
Fujian Qingshan Paper Industry Co (SHSE:600103) has a Debt-to-Equity of 0.25 as of Jun. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Fujian Qingshan Paper Industry Co and its competitors. This is 19% above median its historical median of 0.21. Over the past decade, Fujian Qingshan Paper Industry Co's Debt-to-Equity has ranged from 0.12 to 0.41. According to the industry distribution chart, Fujian Qingshan Paper Industry Co ranks #58 out of 256 companies in the Forest Products industry, placing it in the top 22.7%.
Is Fujian Qingshan Paper Industry Co's Debt-to-Equity too high?
Fujian Qingshan Paper Industry Co's current Debt-to-Equity of 0.25 is 19% above median its 10-year median of 0.21. Over the past 10 years, this metric has ranged from a low of 0.12 to a high of 0.41. The Forest Products industry median Debt-to-Equity is 0.50. Fujian Qingshan Paper Industry Co's value of 0.25 is 49.5% below this industry median. Based on the distribution chart, Fujian Qingshan Paper Industry Co ranks #58 out of 256 companies in the Forest Products industry, which is in the top quartile — a strong position relative to peers. Overall, Fujian Qingshan Paper Industry Co has a GF Score™ of 57/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Fujian Qingshan Paper Industry Co's Debt-to-Equity compare to competitors?
According to the Forest Products industry distribution chart, Fujian Qingshan Paper Industry Co ranks #58 out of 256 companies for Debt-to-Equity. This places Fujian Qingshan Paper Industry Co in the top 23% of its industry — outperforming the majority of peers. The industry median Debt-to-Equity is 0.50. Fujian Qingshan Paper Industry Co's value of 0.25 is 49.5% below this benchmark. Historically, Fujian Qingshan Paper Industry Co's own Debt-to-Equity has ranged from 0.12 to 0.41 over the past decade. While the company's 10-year median is 0.21 vs. the industry median of 0.50, Fujian Qingshan Paper Industry Co has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-Equity for a Forest Products company?
The median Debt-to-Equity among Forest Products companies is 0.50, based on 256 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Fujian Qingshan Paper Industry Co's current Debt-to-Equity of 0.25 is 49.5% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Fujian Qingshan Paper Industry Co and its competitors. For the Forest Products industry, the median Debt-to-Equity is 0.50 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Fujian Qingshan Paper Industry Co's current Debt-to-Equity is 0.25, which is 19% above median its own 10-year median of 0.21. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fujian Qingshan Paper Industry Co stock overvalued right now?
Based on GuruFocus' analysis, Fujian Qingshan Paper Industry Co (SHSE:600103) is currently considered Significantly Overvalued. The stock's GF Value™ is ¥2.18, compared to a current price of ¥3.84 — trading 76.1% above its estimated fair value. The current Debt-to-Equity is 0.25, which is 19% above median its 10-year median of 0.21 and 49.5% below the Forest Products industry median of 0.50. Fujian Qingshan Paper Industry Co's overall GF Score™ is 57/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For Fujian Qingshan Paper Industry Co (SHSE:600103), the current Debt-to-Equity is 0.25 as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Fujian Qingshan Paper Industry Co (SHSE:600103) Overvalued in 2026?
Based on GuruFocus' analysis, Fujian Qingshan Paper Industry Co stock appears to be overvalued.
The current stock price of ¥3.84 is trading 76.1% above its estimated GF Value™ of ¥2.18.
GuruFocus considers Fujian Qingshan Paper Industry Co to be Significantly Overvalued.
Key valuation signals for SHSE:600103:
Debt-to-Equity: 0.25 (19% above median its 10-year median of 0.21)
GF Value™: ¥2.18 vs. price of ¥3.84 (76.1% above fair value)
Industry Position: 49.5% below the Forest Products median (#58 of 256)
No single metric tells the full story. See the SHSE:600103 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Fujian Qingshan Paper Industry Co Ltd is a China-based company engaged in the production and sales of paper products. Its principal products cover paper bags, pulp board, paperboard and corrugated paper products, paper products, optoelectronic products and forest products. The company distributes its products in domestic and overseas markets.
57GF Score
Get the complete analysis for SHSE:600103
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