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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 Shanxi Huayang New Material Co's Debt-to-Equity or its related term are showing as below:
SHSE:600281'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.13 Med: 0.65 Max: 9.62
Current: 8.75
During the past 13 years, the highest Debt-to-Equity Ratio of Shanxi Huayang New Material Co was 9.62. The lowest was 0.13. And the median was 0.65.
SHSE:600281's Debt-to-Equity is ranked worse than 99.51% of 1422
companies
in the Chemicals industry
Industry Median: 0.37
vs SHSE:600281: 8.75
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.
Shanxi Huayang New Material Co Debt-to-Equity Related Terms
Shanxi Huayang New Material 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.
Shanxi Huayang New Material Co Debt-to-Equity Chart
For the Chemicals subindustry, Shanxi Huayang New Material 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.
Shanxi Huayang New Material Co Debt-to-Equity vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Shanxi Huayang New Material Co's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Shanxi Huayang New Material 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.
Shanxi Huayang New Material Co (SHSE:600281) has a Debt-to-Equity of 9.44 as of Jun. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Shanxi Huayang New Material Co and its competitors. This is 1352% above median its historical median of 0.65. Over the past decade, Shanxi Huayang New Material Co's Debt-to-Equity has ranged from 0.13 to 9.62. According to the industry distribution chart, Shanxi Huayang New Material Co ranks #1415 out of 1422 companies in the Chemicals industry, placing it in the top 99.5%.
Is Shanxi Huayang New Material Co's Debt-to-Equity too high?
Shanxi Huayang New Material Co's current Debt-to-Equity of 9.44 is 1352% above median its 10-year median of 0.65. Over the past 10 years, this metric has ranged from a low of 0.13 to a high of 9.62. The Chemicals industry median Debt-to-Equity is 0.37. Shanxi Huayang New Material Co's value of 9.44 is 2451.4% above this industry median. Based on the distribution chart, Shanxi Huayang New Material Co ranks #1415 out of 1422 companies in the Chemicals industry, which is in the bottom quartile relative to peers. Overall, Shanxi Huayang New Material Co has a GF Score™ of 48/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Shanxi Huayang New Material Co's Debt-to-Equity compare to DOW?
According to the Chemicals industry distribution chart, Shanxi Huayang New Material Co ranks #1415 out of 1422 companies for Debt-to-Equity. This places Shanxi Huayang New Material Co in the lower half of its industry. The industry median Debt-to-Equity is 0.37. Shanxi Huayang New Material Co's value of 9.44 is 2451.4% above this benchmark. Historically, Shanxi Huayang New Material Co's own Debt-to-Equity has ranged from 0.13 to 9.62 over the past decade. While the company's 10-year median is 0.65 vs. the industry median of 0.37, Shanxi Huayang New Material Co has consistently been above 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 Chemicals company?
The median Debt-to-Equity among Chemicals companies is 0.37, based on 1,422 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. Shanxi Huayang New Material Co's current Debt-to-Equity of 9.44 is 2451.4% above 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 Shanxi Huayang New Material Co and its competitors. For the Chemicals industry, the median Debt-to-Equity is 0.37 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shanxi Huayang New Material Co's current Debt-to-Equity is 9.44, which is 1352% above median its own 10-year median of 0.65. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shanxi Huayang New Material Co stock overvalued right now?
Based on GuruFocus' analysis, Shanxi Huayang New Material Co (SHSE:600281) is currently considered Possible Value Trap. The stock's GF Value™ is ¥7.09, compared to a current price of ¥4.98 — trading 29.8% below its estimated fair value. The current Debt-to-Equity is 9.44, which is 1352% above median its 10-year median of 0.65 and 2451.4% above the Chemicals industry median of 0.37. Shanxi Huayang New Material Co's overall GF Score™ is 48/100 with 5 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 Shanxi Huayang New Material Co (SHSE:600281), the current Debt-to-Equity is 9.44 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 Shanxi Huayang New Material Co (SHSE:600281) Overvalued in 2026?
Based on GuruFocus' analysis, Shanxi Huayang New Material Co stock appears to be undervalued.
The current stock price of ¥4.98 is trading 29.8% below its estimated GF Value™ of ¥7.09.
GuruFocus considers Shanxi Huayang New Material Co to be Possible Value Trap.
Key valuation signals for SHSE:600281:
Debt-to-Equity: 9.44 (1352% above median its 10-year median of 0.65)
GF Value™: ¥7.09 vs. price of ¥4.98 (29.8% below fair value)
Industry Position: 2451.4% above the Chemicals median (#1415 of 1422)
No single metric tells the full story. See the SHSE:600281 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Shanxi Huayang New Material Co Ltd Taiyuan Chemical Industry Co Ltd is engaged in the research, production, and sale of chemical products. Its main products are deep coke processing products, chemical fertilizers, coal tar processing products, and biochemical products.
48GF Score
Get the complete analysis for SHSE:600281
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