Jiangsu Yabang Dyestuff Co (SHSE:603188) Debt-to-Equity : 0.34 (As of Mar. 2024)

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What is Jiangsu Yabang Dyestuff Co Debt-to-Equity?

Jiangsu Yabang Dyestuff Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥306.0 Mil. Jiangsu Yabang Dyestuff Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥4.3 Mil. Jiangsu Yabang Dyestuff Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥921.7 Mil. Jiangsu Yabang Dyestuff Co's debt to equity for the quarter that ended in Mar. 2024 was 0.34.

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

SHSE:603188' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.03 Med: 0.12 Max: 0.85
Current: 0.34

During the past 13 years, the highest Debt-to-Equity Ratio of Jiangsu Yabang Dyestuff Co was 0.85. The lowest was 0.03. And the median was 0.12.

SHSE:603188's Debt-to-Equity is ranked better than
52.37% of 1392 companies
in the Chemicals industry
Industry Median: 0.35 vs SHSE:603188: 0.34

Jiangsu Yabang Dyestuff Co Debt-to-Equity Historical Data

The historical data trend for Jiangsu Yabang Dyestuff 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 Yabang Dyestuff Co Debt-to-Equity Chart

Jiangsu Yabang Dyestuff Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.10

0.21

0.19

0.26

0.39

Jiangsu Yabang Dyestuff 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															0.27	0.30	0.31	0.39	0.34

Competitive Comparison of Jiangsu Yabang Dyestuff Co's Debt-to-Equity

For the Chemicals subindustry, Jiangsu Yabang Dyestuff 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 Yabang Dyestuff Co's Debt-to-Equity Distribution in the Chemicals Industry

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

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

Jiangsu Yabang Dyestuff Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Jiangsu Yabang Dyestuff 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
	=	(349.242	+	3.804)	/	914.133
	=	0.39

Jiangsu Yabang Dyestuff 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
	=	(305.977	+	4.336)	/	921.729
	=	0.34

Jiangsu Yabang Dyestuff Co (SHSE:603188) 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 Yabang Dyestuff Co Debt-to-Equity Related Terms

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Jiangsu Yabang Dyestuff Co (SHSE:603188) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Jiangsu Yabang Dyestuff Co Ltd (SHSE:603188) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

Niutang, Jiangsu Province, Changzhou, CHN

Website

http://www.ybdyes.com

Jiangsu Yabang Dyestuff Co Ltd mainly produces and sells dyestuffs and the intermediates. It offers products such as vat dyes, disperse dyes, solvent dyes, phthalo cyanine and intermediaries such as anthraquinone, bromamine acid and benzanthrone.

Executives

Xu Yun Xia	Director
Zhou Duo Gang	Director
Lu Jian Ping	Director
Wu Wei	Supervisors
Zhang Yi Qing	senior management
Zhang Qing Ping	Supervisors
Zhang Long Xin	Director
Zhang Li Na	senior management
Zhang Wei Feng	senior management
Xu Li Juan	Supervisors
Shang Jun Ping	senior management
Tong Guo Qing	Supervisors
Qian Guang You	Director
Zhou Xiang Dong	senior management
Xu Xu Dong	Director

Jiangsu Yabang Dyestuff Co (SHSE:603188) Headlines

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