Grandtop Yongxing Group Co (SHSE:601033) Debt-to-Equity : 0.96 (As of Sep. 2024)

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What is Grandtop Yongxing Group Co Debt-to-Equity?

Grandtop Yongxing Group Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was ¥1,140 Mil. Grandtop Yongxing Group Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was ¥8,748 Mil. Grandtop Yongxing Group Co's Total Stockholders Equity for the quarter that ended in Sep. 2024 was ¥10,325 Mil. Grandtop Yongxing Group Co's debt to equity for the quarter that ended in Sep. 2024 was 0.96.

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 Grandtop Yongxing Group Co's Debt-to-Equity or its related term are showing as below:

SHSE:601033' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.96 Med: 1.28 Max: 1.53
Current: 0.96

During the past 5 years, the highest Debt-to-Equity Ratio of Grandtop Yongxing Group Co was 1.53. The lowest was 0.96. And the median was 1.28.

SHSE:601033's Debt-to-Equity is ranked worse than
67.86% of 224 companies
in the Waste Management industry
Industry Median: 0.625 vs SHSE:601033: 0.96

Grandtop Yongxing Group Co Debt-to-Equity Historical Data

The historical data trend for Grandtop Yongxing Group 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.

* Premium members only.

Grandtop Yongxing Group Co Debt-to-Equity Chart

Grandtop Yongxing Group Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

1.00

1.10

1.53

1.30

1.36

Grandtop Yongxing Group Co Quarterly Data
	Dec19	Dec20	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Debt-to-Equity	Get a 7-Day Free Trial									1.38	1.36	1.03	0.99	0.96

Competitive Comparison of Grandtop Yongxing Group Co's Debt-to-Equity

For the Waste Management subindustry, Grandtop Yongxing Group 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.

Grandtop Yongxing Group Co's Debt-to-Equity Distribution in the Waste Management Industry

For the Waste Management industry and Industrials sector, Grandtop Yongxing Group Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Grandtop Yongxing Group Co's Debt-to-Equity falls into.

Grandtop Yongxing Group Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Grandtop Yongxing Group 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
	=	(944.095	+	9645.495)	/	7801.63
	=	1.36

Grandtop Yongxing Group Co'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
	=	(1139.928	+	8748.042)	/	10324.535
	=	0.96

Grandtop Yongxing Group Co (SHSE:601033) 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.

Grandtop Yongxing Group Co Debt-to-Equity Related Terms

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Grandtop Yongxing Group Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Grandtop Yongxing Group Co Ltd (SHSE:601033) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 13-19, Ketai 2nd Road, Room 401-199, 4th Floor, Building 1, High-tech Zone, Industrial Innovation Park, Baiyun, Guangzhou Private Science and Technology Park, Guangzhou, Guangdong, CHN, 510540

Website

https://www.yxgrandtop.com.cn

Grandtop Yongxing Group Co Ltd is engaged in the waste incineration power generation business. The company focuses on clean energy production and focuses on the harmless, reduction, and resource utilization treatment of solid waste.

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