Yangmei Chemical Co (SHSE:600691) Debt-to-Equity : 2.13 (As of Mar. 2024)

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What is Yangmei Chemical Co Debt-to-Equity?

Yangmei Chemical Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥8,626 Mil. Yangmei Chemical Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥1,203 Mil. Yangmei Chemical Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥4,613 Mil. Yangmei Chemical Co's debt to equity for the quarter that ended in Mar. 2024 was 2.13.

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

SHSE:600691' s Debt-to-Equity Range Over the Past 10 Years
Min: 1.59 Med: 4.08 Max: 6.04
Current: 2.13

During the past 13 years, the highest Debt-to-Equity Ratio of Yangmei Chemical Co was 6.04. The lowest was 1.59. And the median was 4.08.

SHSE:600691's Debt-to-Equity is ranked worse than
96.12% of 1392 companies
in the Chemicals industry
Industry Median: 0.36 vs SHSE:600691: 2.13

Yangmei Chemical Co Debt-to-Equity Historical Data

The historical data trend for Yangmei 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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Yangmei Chemical Co Debt-to-Equity Chart

Yangmei Chemical Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

4.65

1.95

1.87

2.02

2.48

Yangmei 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															1.96	1.82	2.07	2.48	2.13

Competitive Comparison of Yangmei Chemical Co's Debt-to-Equity

For the Chemicals subindustry, Yangmei 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.

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

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

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

Yangmei Chemical Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Yangmei 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
	=	(10788.467	+	729.003)	/	4646.293
	=	2.48

Yangmei 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
	=	(8626.372	+	1203.359)	/	4613.012
	=	2.13

Yangmei Chemical Co (SHSE:600691) 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.

Yangmei Chemical Co Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Yangmei Chemical Co's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Yangmei Chemical Co (SHSE:600691) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Yangmei Chemical Co Ltd (SHSE:600691) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

No. 18 Science and Technology Street, Yangmei Building, Shenyang Coal Science and Technology Building, Taiyuan, CHN, 030006

Website

http://www.ymhg.com.cn

Yangmei Chemical Co Ltd operates in the chemical industry. The company's industrial layout covers four categories of agricultural chemicals, new chemicals, chemical equipment manufacturing, and chemical trade. The company's main products include: urea, methanol, ammonium bicarbonate , ammonium chloride, compound fertilizer, dimethyl ether, soda ash, melamine, concentrated nitric acid, dilute nitric acid, sodium nitrate, sodium nitrite, m-phenylenediamine, diaphragm caustic soda, ionic membrane caustic soda, polyvinyl chloride, liquid chlorine, n-butyl Chemical products such as aldehyde, isobutyraldehyde, octanol and hydrogen peroxide.

Executives

Du Dong Hai

senior management

Yangmei Chemical Co (SHSE:600691) Headlines

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