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Mudanjiang Hengfeng Paper CoSHSE:600356 +1.18%72 Debt-to-Equity is 0.23 as of Jun. 2026, which is 10% above its 10-year median of 0.21. GuruFocus rates SHSE:600356 with a GF Score™ of 72/100 and a GF Value™ of ¥8.62 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 256 Forest Products companies, Mudanjiang Hengfeng Paper Co ranks better than 68.75% on this metric.
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 Mudanjiang Hengfeng Paper Co's Debt-to-Equity or its related term are showing as below:
SHSE:600356'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.14 Med: 0.21 Max: 0.3
Current: 0.24
During the past 13 years, the highest Debt-to-Equity Ratio of Mudanjiang Hengfeng Paper Co was 0.30. The lowest was 0.14. And the median was 0.21.
SHSE:600356's Debt-to-Equity is ranked better than 68.75% of 256
companies
in the Forest Products industry
Industry Median: 0.495
vs SHSE:600356: 0.24
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.
Mudanjiang Hengfeng Paper Co Debt-to-Equity Related Terms
Mudanjiang Hengfeng Paper 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.
Mudanjiang Hengfeng Paper Co Debt-to-Equity Competitor Comparison
For the Paper & Paper Products subindustry, Mudanjiang Hengfeng Paper 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.
Mudanjiang Hengfeng Paper Co Debt-to-Equity vs Forest Products Industry
For the Forest Products industry and Basic Materials sector, Mudanjiang Hengfeng Paper Co's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Mudanjiang Hengfeng Paper 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.
Mudanjiang Hengfeng Paper Co (SHSE:600356) has a Debt-to-Equity of 0.23 as of Jun. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Mudanjiang Hengfeng Paper Co and its competitors. This is 10% above median its historical median of 0.21. Over the past decade, Mudanjiang Hengfeng Paper Co's Debt-to-Equity has ranged from 0.14 to 0.30. According to the industry distribution chart, Mudanjiang Hengfeng Paper Co ranks #80 out of 256 companies in the Forest Products industry, placing it in the top 31.2%.
Is Mudanjiang Hengfeng Paper Co's Debt-to-Equity too high?
Mudanjiang Hengfeng Paper Co's current Debt-to-Equity of 0.23 is 10% above median its 10-year median of 0.21. Over the past 10 years, this metric has ranged from a low of 0.14 to a high of 0.30. The Forest Products industry median Debt-to-Equity is 0.50. Mudanjiang Hengfeng Paper Co's value of 0.23 is 53.5% below this industry median. Based on the distribution chart, Mudanjiang Hengfeng Paper Co ranks #80 out of 256 companies in the Forest Products industry, which is above the industry midpoint. Overall, Mudanjiang Hengfeng Paper Co has a GF Score™ of 72/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Mudanjiang Hengfeng Paper Co's Debt-to-Equity compare to competitors?
According to the Forest Products industry distribution chart, Mudanjiang Hengfeng Paper Co ranks #80 out of 256 companies for Debt-to-Equity. This puts Mudanjiang Hengfeng Paper Co in the upper half of its industry. The industry median Debt-to-Equity is 0.50. Mudanjiang Hengfeng Paper Co's value of 0.23 is 53.5% below this benchmark. Historically, Mudanjiang Hengfeng Paper Co's own Debt-to-Equity has ranged from 0.14 to 0.30 over the past decade. While the company's 10-year median is 0.21 vs. the industry median of 0.50, Mudanjiang Hengfeng Paper 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. Mudanjiang Hengfeng Paper Co's current Debt-to-Equity of 0.23 is 53.5% 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 Mudanjiang Hengfeng Paper 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. Mudanjiang Hengfeng Paper Co's current Debt-to-Equity is 0.23, which is 10% 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 Mudanjiang Hengfeng Paper Co stock overvalued right now?
Based on GuruFocus' analysis, Mudanjiang Hengfeng Paper Co (SHSE:600356) is currently considered Modestly Overvalued. The stock's GF Value™ is ¥8.62, compared to a current price of ¥10.31 — trading 19.6% above its estimated fair value. The current Debt-to-Equity is 0.23, which is 10% above median its 10-year median of 0.21 and 53.5% below the Forest Products industry median of 0.50. Mudanjiang Hengfeng Paper Co's overall GF Score™ is 72/100 with 6 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 Mudanjiang Hengfeng Paper Co (SHSE:600356), the current Debt-to-Equity is 0.23 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 Mudanjiang Hengfeng Paper Co (SHSE:600356) Overvalued in 2026?
Based on GuruFocus' analysis, Mudanjiang Hengfeng Paper Co stock appears to be overvalued.
The current stock price of ¥10.31 is trading 19.6% above its estimated GF Value™ of ¥8.62.
GuruFocus considers Mudanjiang Hengfeng Paper Co to be Modestly Overvalued.
Key valuation signals for SHSE:600356:
Debt-to-Equity: 0.23 (10% above median its 10-year median of 0.21)
GF Value™: ¥8.62 vs. price of ¥10.31 (19.6% above fair value)
Industry Position: 53.5% below the Forest Products median (#80 of 256)
No single metric tells the full story. See the SHSE:600356 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Mudanjiang Hengfeng Paper Co Ltd manufactures cigarette-related papers in China. Its main products include cigarette paper, plug wrap paper, aluminum foil backing paper, tipping base paper and over a hundred types of industrial specialty paper.
72GF Score
Get the complete analysis for SHSE:600356
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