China Reform Culture Holdings Co (SHSE:600636) Debt-to-Equity : 0.00 (As of Mar. 2024)

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What is China Reform Culture Holdings Co Debt-to-Equity?

China Reform Culture Holdings Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥7.7 Mil. China Reform Culture Holdings Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥1.7 Mil. China Reform Culture Holdings Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥2,448.4 Mil. China Reform Culture Holdings Co's debt to equity for the quarter that ended in Mar. 2024 was 0.00.

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 China Reform Culture Holdings Co's Debt-to-Equity or its related term are showing as below:

During the past 13 years, the highest Debt-to-Equity Ratio of China Reform Culture Holdings Co was 0.64. The lowest was 0.00. And the median was 0.06.

SHSE:600636's Debt-to-Equity is not ranked ^*
in the Chemicals industry.
Industry Median: 0.35
* Ranked among companies with meaningful Debt-to-Equity only.

China Reform Culture Holdings Co Debt-to-Equity Historical Data

The historical data trend for China Reform Culture Holdings 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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China Reform Culture Holdings Co Debt-to-Equity Chart

China Reform Culture Holdings Co Annual Data

Trend

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Debt-to-Equity

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China Reform Culture Holdings 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															-	0.01	-	-	-

Competitive Comparison of China Reform Culture Holdings Co's Debt-to-Equity

For the Chemicals subindustry, China Reform Culture Holdings 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.

China Reform Culture Holdings Co's Debt-to-Equity Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, China Reform Culture Holdings Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where China Reform Culture Holdings Co's Debt-to-Equity falls into.

China Reform Culture Holdings Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

China Reform Culture Holdings 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
	=	(7.661	+	2.473)	/	2471.399
	=	0.00

China Reform Culture Holdings 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
	=	(7.705	+	1.654)	/	2448.382
	=	0.00

China Reform Culture Holdings Co (SHSE:600636) 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.

China Reform Culture Holdings Co Debt-to-Equity Related Terms

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China Reform Culture Holdings Co (SHSE:600636) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » China Reform Culture Holdings Co Ltd (SHSE:600636) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

No. 4, Chegongzhuang Street, Building 23, Xinhua 1949 Cultural and Creative Park, Xicheng District, Shanghai, CHN, 100044

Website

http://www.crhc-culture.com

China Reform Culture Holdings Co Ltd is engaged in cultural education business as well as the research, development, manufacture, and marketing of fluoropolymers, fluorocarbons refrigerant and fluorine fine chemicals. The company's primary products consist of fluorine polymers, chlorofluorocarbon (CFC) products and CFC substitutes, such as polyvinylidene fluoride (PVDF) functional resins, specialty fluorine rubbers, environment-friendly fluorine rubber products and polytetrafluoroethylene (PTFE) resins, among others.

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