Tangshannyou Chemical Industries Co (SHSE:600409) Debt-to-Equity : 0.38 (As of Mar. 2024)

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What is Tangshannyou Chemical Industries Co Debt-to-Equity?

Tangshannyou Chemical Industries Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥791 Mil. Tangshannyou Chemical Industries Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥4,378 Mil. Tangshannyou Chemical Industries Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥13,636 Mil. Tangshannyou Chemical Industries Co's debt to equity for the quarter that ended in Mar. 2024 was 0.38.

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 Tangshannyou Chemical Industries Co's Debt-to-Equity or its related term are showing as below:

SHSE:600409' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.38 Med: 0.75 Max: 1.79
Current: 0.38

During the past 13 years, the highest Debt-to-Equity Ratio of Tangshannyou Chemical Industries Co was 1.79. The lowest was 0.38. And the median was 0.75.

SHSE:600409's Debt-to-Equity is ranked worse than
52.66% of 1392 companies
in the Chemicals industry
Industry Median: 0.35 vs SHSE:600409: 0.38

Tangshannyou Chemical Industries Co Debt-to-Equity Historical Data

The historical data trend for Tangshannyou Chemical Industries Co'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.

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Tangshannyou Chemical Industries Co Debt-to-Equity Chart

Tangshannyou Chemical Industries Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.71

0.64

0.55

0.57

0.41

Tangshannyou Chemical Industries Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															0.54	0.57	0.46	0.41	0.38

Competitive Comparison of Tangshannyou Chemical Industries Co's Debt-to-Equity

For the Specialty Chemicals subindustry, Tangshannyou Chemical Industries 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.

Tangshannyou Chemical Industries Co's Debt-to-Equity Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Tangshannyou Chemical Industries Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Tangshannyou Chemical Industries Co's Debt-to-Equity falls into.

Tangshannyou Chemical Industries Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Tangshannyou Chemical Industries Co'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
	=	(1975.882	+	3545.502)	/	13553.386
	=	0.41

Tangshannyou Chemical Industries Co's Debt to Equity Ratio for the quarter that ended in Mar. 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
	=	(791.058	+	4378.481)	/	13635.557
	=	0.38

Tangshannyou Chemical Industries Co (SHSE:600409) 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.

Tangshannyou Chemical Industries Co Debt-to-Equity Related Terms

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Tangshannyou Chemical Industries Co (SHSE:600409) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Tangshan Sanyou Chemical Industries Co Ltd (SHSE:600409) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Nanbao Development Zone, Tangshan, Hebei, CHN, 063305

Website

http://www.sanyou-chem.com.cn

Tangshan Sanyou Chemical Industries Co Ltd is principally engaged in the production and sale of chemical products. Sanyou's technical process includes squeezing and pressing method, solid phase, and liquid phase. The company offers dense and light soda ash, hydration dense and extrusion dense soda ash, normal, low salt, super-low salt, and special low soda ash, industrial soda ash, food additive soda ash, viscose fiber, PVC and caustic soda products. In addition, the company offers salt products comprising industry salt, refined powder salt, industrial washing brine and magnesium chloride.

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