Atlantic China Welding Consumables (SHSE:600558) Debt-to-Equity : 0.05 (As of Sep. 2024)

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What is Atlantic China Welding Consumables Debt-to-Equity?

Atlantic China Welding Consumables's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was ¥97 Mil. Atlantic China Welding Consumables's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was ¥18 Mil. Atlantic China Welding Consumables's Total Stockholders Equity for the quarter that ended in Sep. 2024 was ¥2,291 Mil. Atlantic China Welding Consumables's debt to equity for the quarter that ended in Sep. 2024 was 0.05.

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 Atlantic China Welding Consumables's Debt-to-Equity or its related term are showing as below:

SHSE:600558' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.05 Med: 0.15 Max: 0.2
Current: 0.05

During the past 13 years, the highest Debt-to-Equity Ratio of Atlantic China Welding Consumables was 0.20. The lowest was 0.05. And the median was 0.15.

SHSE:600558's Debt-to-Equity is ranked better than
84.68% of 2617 companies
in the Industrial Products industry
Industry Median: 0.29 vs SHSE:600558: 0.05

Atlantic China Welding Consumables Debt-to-Equity Historical Data

The historical data trend for Atlantic China Welding Consumables'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.

* Premium members only.

Atlantic China Welding Consumables Debt-to-Equity Chart

Atlantic China Welding Consumables Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.15

0.12

0.15

0.12

0.08

Atlantic China Welding Consumables Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Debt-to-Equity	Get a 7-Day Free Trial															0.10	0.08	0.07	0.05	0.05

Competitive Comparison of Atlantic China Welding Consumables's Debt-to-Equity

For the Specialty Industrial Machinery subindustry, Atlantic China Welding Consumables'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.

Atlantic China Welding Consumables's Debt-to-Equity Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Atlantic China Welding Consumables's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Atlantic China Welding Consumables's Debt-to-Equity falls into.

Atlantic China Welding Consumables Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Atlantic China Welding Consumables'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
	=	(155.594	+	19.565)	/	2254.543
	=	0.08

Atlantic China Welding Consumables's Debt to Equity Ratio for the quarter that ended in Sep. 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
	=	(97.099	+	17.564)	/	2290.997
	=	0.05

Atlantic China Welding Consumables (SHSE:600558) 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.

Atlantic China Welding Consumables Debt-to-Equity Related Terms

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Atlantic China Welding Consumables Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Atlantic China Welding Consumables Inc (SHSE:600558) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

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Address

No. 2 Machongkou Street, Da'an District, Zigong, Sichuan, CHN, 643010

Website

http://www.weldatlantic.com

Atlantic China Welding Consumables Inc is a welding consumable manufactory in China. Its products include mild steel electrodes, cellulose electrodes, high toughness electrodes, low alloy steel electrodes, hard facing electrodes, stainless steel electrodes, low-temperature steel electrodes, Mo and Cr-Mo heat resistant steel electrodes, and cast-iron electrodes. The company's products are widely used in power station boilers, pressure vessels, nuclear and space industries, bridges, ships, vehicles, petroleum and chemical industry, hydropower and thermal power stations.

Executives

Yang Fang	Supervisors
Lan Kun	Director

Atlantic China Welding Consumables Headlines

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