Yuanli Chemical Group Co (SHSE:603217) Debt-to-Equity : 0.10 (As of Sep. 2024)

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What is Yuanli Chemical Group Co Debt-to-Equity?

Yuanli Chemical Group Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was ¥310 Mil. Yuanli Chemical Group Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was ¥0 Mil. Yuanli Chemical Group Co's Total Stockholders Equity for the quarter that ended in Sep. 2024 was ¥3,228 Mil. Yuanli Chemical Group Co's debt to equity for the quarter that ended in Sep. 2024 was 0.10.

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

SHSE:603217' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.18 Max: 0.43
Current: 0.1

During the past 12 years, the highest Debt-to-Equity Ratio of Yuanli Chemical Group Co was 0.43. The lowest was 0.00. And the median was 0.18.

SHSE:603217's Debt-to-Equity is ranked better than
78.11% of 1389 companies
in the Chemicals industry
Industry Median: 0.37 vs SHSE:603217: 0.10

Yuanli Chemical Group Co Debt-to-Equity Historical Data

The historical data trend for Yuanli Chemical 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.

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Yuanli Chemical Group Co Debt-to-Equity Chart

Yuanli Chemical Group Co Annual Data

Trend

Dec14

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Dec17

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Dec19

Dec20

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Dec22

Dec23

Debt-to-Equity

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Yuanli Chemical Group 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															0.03	-	0.03	0.03	0.10

Competitive Comparison of Yuanli Chemical Group Co's Debt-to-Equity

For the Chemicals subindustry, Yuanli Chemical 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.

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

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

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

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Yuanli Chemical Group Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Yuanli Chemical 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
	=	(0.347	+	0.225)	/	3177.497
	=	0.00

Yuanli Chemical 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
	=	(310.367	+	0.023)	/	3227.649
	=	0.10

Yuanli Chemical Group Co (SHSE:603217) 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.

Yuanli Chemical Group Co Debt-to-Equity Related Terms

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Yuanli Chemical Group Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Yuanli Chemical Group Co Ltd (SHSE:603217) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

No. 277, Xincheng Street, Zhuliu Street, Building 5, Changle County, Shandong Province, Weifang, CHN, 262404

Website

http://www.yuanlichem.com.cn

Yuanli Chemical Group Co Ltd formerly, Shandong Yuanli Science and Technology Co Ltd is a high-tech enterprise specializing in research and development, production and operation of fine chemicals. It serves various industries namely coatings and casting binders, inks, pigments, UV-curing materials, polyurethanes, wire and cable, leather products, PVC conveyor belts, optical glasses resins, personal care, pharmaceutical and others. The company offers green solvents, dibasic alcohol, plasticizers, and coalescing agents.

Executives

Li Yi Tian	Director
Huang Wei Jun	Director
Qin Guo Dong	Director
Zhang Jian Mei	Director
Liu Yu Jiang	Director
Feng Guo Liang	Director
Wang Jun Yu	Director

Yuanli Chemical Group Co Headlines

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