Shandong Hualu-hengsheng Chemical Co (SHSE:600426) Debt-to-Equity : 0.28 (As of Mar. 2024)

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What is Shandong Hualu-hengsheng Chemical Co Debt-to-Equity?

Shandong Hualu-hengsheng Chemical Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥487 Mil. Shandong Hualu-hengsheng Chemical Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥7,833 Mil. Shandong Hualu-hengsheng Chemical Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥29,969 Mil. Shandong Hualu-hengsheng Chemical Co's debt to equity for the quarter that ended in Mar. 2024 was 0.28.

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 Shandong Hualu-hengsheng Chemical Co's Debt-to-Equity or its related term are showing as below:

SHSE:600426' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.1 Med: 0.3 Max: 0.86
Current: 0.28

During the past 13 years, the highest Debt-to-Equity Ratio of Shandong Hualu-hengsheng Chemical Co was 0.86. The lowest was 0.10. And the median was 0.30.

SHSE:600426's Debt-to-Equity is ranked better than
57.03% of 1394 companies
in the Chemicals industry
Industry Median: 0.35 vs SHSE:600426: 0.28

Shandong Hualu-hengsheng Chemical Co Debt-to-Equity Historical Data

The historical data trend for Shandong Hualu-hengsheng Chemical 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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Shandong Hualu-hengsheng Chemical Co Debt-to-Equity Chart

Shandong Hualu-hengsheng Chemical Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.17

0.16

0.11

0.14

0.27

Shandong Hualu-hengsheng Chemical 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															0.17	0.24	0.27	0.27	0.28

Competitive Comparison of Shandong Hualu-hengsheng Chemical Co's Debt-to-Equity

For the Chemicals subindustry, Shandong Hualu-hengsheng Chemical 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.

Shandong Hualu-hengsheng Chemical Co's Debt-to-Equity Distribution in the Chemicals Industry

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

* The bar in red indicates where Shandong Hualu-hengsheng Chemical Co's Debt-to-Equity falls into.

Shandong Hualu-hengsheng Chemical Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Shandong Hualu-hengsheng Chemical 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
	=	(482.074	+	7361.018)	/	28891.047
	=	0.27

Shandong Hualu-hengsheng Chemical 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
	=	(487.317	+	7832.57)	/	29969.371
	=	0.28

Shandong Hualu-hengsheng Chemical Co (SHSE:600426) 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.

Shandong Hualu-hengsheng Chemical Co Debt-to-Equity Related Terms

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Shandong Hualu-hengsheng Chemical Co (SHSE:600426) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Shandong Hualu-hengsheng Chemical Co Ltd (SHSE:600426) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

Number 24 Tianqu West Road, Decheng District, Shandong, Dezhou, CHN, 253024

Website

http://www.hl-hengsheng.com

Shandong Hualu-hengsheng Chemical Co Ltd manufactures and sells chemical materials and chemical fertilizers worldwide. The company offers chemical fertilizers, such as compound fertilizers, urea, ammonium bicarbonate, ammonium sulfate, and liquid fertilizers; DMF and organic amine products, including DMF, monomethylamine, dimethylamine, and trimethylamine; and acetic acid and acetic anhydride. It also provides new chemical materials comprising ethylene glycol, adipic acid, cyclohexanone, butyl alcohol, butanal, octyl alcohol, and melamine; basic chemicals that include nitric acid, methanol, liquid ammonia, and sulfur; and industrial gases, such as liquid oxygen, nitrogen, and argon.

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