GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Jiangsu Maysta Chemical Co Ltd (SHSE:603041) » Definitions » Debt-to-Equity

Jiangsu Maysta Chemical Co (SHSE:603041) Debt-to-Equity : 0.01 (As of Mar. 2024)


View and export this data going back to 2017. Start your Free Trial

What is Jiangsu Maysta Chemical Co Debt-to-Equity?

Jiangsu Maysta Chemical Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥20.4 Mil. Jiangsu Maysta Chemical Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥0.2 Mil. Jiangsu Maysta Chemical Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥1,489.3 Mil. Jiangsu Maysta Chemical Co's debt to equity for the quarter that ended in Mar. 2024 was 0.01.

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

SHSE:603041' s Debt-to-Equity Range Over the Past 10 Years
Min: 0   Med: 0.01   Max: 0.25
Current: 0.01

During the past 12 years, the highest Debt-to-Equity Ratio of Jiangsu Maysta Chemical Co was 0.25. The lowest was 0.00. And the median was 0.01.

SHSE:603041's Debt-to-Equity is ranked better than
99.93% of 1398 companies
in the Chemicals industry
Industry Median: 0.35 vs SHSE:603041: 0.01

Jiangsu Maysta Chemical Co Debt-to-Equity Historical Data

The historical data trend for Jiangsu Maysta 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.

* Premium members only.

Jiangsu Maysta Chemical Co Debt-to-Equity Chart

Jiangsu Maysta Chemical Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.01 - - - -

Jiangsu Maysta 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - - - - 0.01

Competitive Comparison of Jiangsu Maysta Chemical Co's Debt-to-Equity

For the Specialty Chemicals subindustry, Jiangsu Maysta 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.


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

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

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



Jiangsu Maysta Chemical Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Jiangsu Maysta Chemical Co's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Jiangsu Maysta Chemical Co's Debt to Equity Ratio for the quarter that ended in Mar. 2024 is calculated as

* 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.


Jiangsu Maysta Chemical Co  (SHSE:603041) 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.


Jiangsu Maysta Chemical Co Debt-to-Equity Related Terms

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


Jiangsu Maysta Chemical Co (SHSE:603041) Business Description

Traded in Other Exchanges
N/A
Address
No.18,Xingjian Road, Economic and Technical Development Zone, Nanjing, CHN, 210046
Jiangsu Maysta Chemical Co Ltd is mainly engaged in the research and development, production and sales of organosilicon surfactant in China. Its products portfolio includes Silicone Surfactants for rigid, flexible, and phenolic foams, polyurethane foams and shoe soles, and oil displacement.

Jiangsu Maysta Chemical Co (SHSE:603041) Headlines

No Headlines