Hefei Metalforming Intelligent Manufacturing Co (SHSE:603011) Debt-to-Equity : 0.22 (As of Sep. 2024)

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What is Hefei Metalforming Intelligent Manufacturing Co Debt-to-Equity?

Hefei Metalforming Intelligent Manufacturing Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was ¥435 Mil. Hefei Metalforming Intelligent Manufacturing Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was ¥56 Mil. Hefei Metalforming Intelligent Manufacturing Co's Total Stockholders Equity for the quarter that ended in Sep. 2024 was ¥2,235 Mil. Hefei Metalforming Intelligent Manufacturing Co's debt to equity for the quarter that ended in Sep. 2024 was 0.22.

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 Hefei Metalforming Intelligent Manufacturing Co's Debt-to-Equity or its related term are showing as below:

SHSE:603011' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.22 Max: 0.35
Current: 0.22

During the past 13 years, the highest Debt-to-Equity Ratio of Hefei Metalforming Intelligent Manufacturing Co was 0.35. The lowest was 0.01. And the median was 0.22.

SHSE:603011's Debt-to-Equity is ranked better than
58.26% of 2614 companies
in the Industrial Products industry
Industry Median: 0.28 vs SHSE:603011: 0.22

Hefei Metalforming Intelligent Manufacturing Co Debt-to-Equity Historical Data

The historical data trend for Hefei Metalforming Intelligent Manufacturing 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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Hefei Metalforming Intelligent Manufacturing Co Debt-to-Equity Chart

Hefei Metalforming Intelligent Manufacturing Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.20

0.25

0.27

0.32

Hefei Metalforming Intelligent Manufacturing Co 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															0.29	0.32	0.30	0.25	0.22

Competitive Comparison of Hefei Metalforming Intelligent Manufacturing Co's Debt-to-Equity

For the Specialty Industrial Machinery subindustry, Hefei Metalforming Intelligent Manufacturing 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.

Hefei Metalforming Intelligent Manufacturing Co's Debt-to-Equity Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Hefei Metalforming Intelligent Manufacturing Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Hefei Metalforming Intelligent Manufacturing Co's Debt-to-Equity falls into.

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Hefei Metalforming Intelligent Manufacturing Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Hefei Metalforming Intelligent Manufacturing 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
	=	(702.02	+	10.695)	/	2222.119
	=	0.32

Hefei Metalforming Intelligent Manufacturing 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
	=	(434.763	+	56.323)	/	2234.939
	=	0.22

Hefei Metalforming Intelligent Manufacturing Co (SHSE:603011) 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.

Hefei Metalforming Intelligent Manufacturing Co Debt-to-Equity Related Terms

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Hefei Metalforming Intelligent Manufacturing Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Hefei Metalforming Intelligent Manufacturing Co Ltd (SHSE:603011) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Hefei Economic and Technological Development Zone, Ziyun Road 123, Hefei, CHN

Website

http://www.hfpress.com

Hefei Metalforming Intelligent Manufacturing Co Ltd is engaged in the manufacturing of hydraulic press, mechanical press and other intelligent forming equipment and industrial automation equipment. The company's products and services offerings include Precision drop forging hydraulic press, Pipe straightening machine, Elbow forging hydraulic press, Door plank automatic production line, Internal high pressure forming equipment and others. It provides its solutions to Metal forming field, a Non-metal material forming, Vessal field, Aerospace field, Automobile manufacturing field, Light industry and home, Petrochemical pipe fittings field, Rail transportation field, and others.

Executives

Zhang Lan Jun	senior management
Wang Yu Shan	senior management
Zhang An Ping	Director
Li Gui Shan	senior management
Han Xiao Feng	Director
Wang Xiao Feng	Director
Sun Ge	senior management
Wang Lei	Director
Li Hui	senior management
Shi Jian Wei	senior management
Yan Jian Wen	Director

Hefei Metalforming Intelligent Manufacturing Co Headlines

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