HangZhou Nbond Nonwovens Co (SHSE:603238) Debt-to-Equity : 0.03 (As of Mar. 2024)

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What is HangZhou Nbond Nonwovens Co Debt-to-Equity?

HangZhou Nbond Nonwovens Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥41 Mil. HangZhou Nbond Nonwovens Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥0 Mil. HangZhou Nbond Nonwovens Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥1,379 Mil. HangZhou Nbond Nonwovens Co's debt to equity for the quarter that ended in Mar. 2024 was 0.03.

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 HangZhou Nbond Nonwovens Co's Debt-to-Equity or its related term are showing as below:

SHSE:603238' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.1 Max: 0.54
Current: 0.03

During the past 12 years, the highest Debt-to-Equity Ratio of HangZhou Nbond Nonwovens Co was 0.54. The lowest was 0.00. And the median was 0.10.

SHSE:603238's Debt-to-Equity is ranked better than
93.4% of 939 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.43 vs SHSE:603238: 0.03

HangZhou Nbond Nonwovens Co Debt-to-Equity Historical Data

The historical data trend for HangZhou Nbond Nonwovens 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.

HangZhou Nbond Nonwovens Co Debt-to-Equity Chart

HangZhou Nbond Nonwovens Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.04

0.11

0.06

0.02

0.06

HangZhou Nbond Nonwovens 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															0.02	0.01	-	0.06	0.03

Competitive Comparison of HangZhou Nbond Nonwovens Co's Debt-to-Equity

For the Textile Manufacturing subindustry, HangZhou Nbond Nonwovens 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.

HangZhou Nbond Nonwovens Co's Debt-to-Equity Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, HangZhou Nbond Nonwovens Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where HangZhou Nbond Nonwovens Co's Debt-to-Equity falls into.

HangZhou Nbond Nonwovens Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

HangZhou Nbond Nonwovens 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
	=	(74.949	+	0)	/	1358.218
	=	0.06

HangZhou Nbond Nonwovens 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
	=	(41.152	+	0)	/	1378.702
	=	0.03

HangZhou Nbond Nonwovens Co (SHSE:603238) 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.

HangZhou Nbond Nonwovens Co Debt-to-Equity Related Terms

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HangZhou Nbond Nonwovens Co (SHSE:603238) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » HangZhou Nbond Nonwovens Co Ltd (SHSE:603238) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

No. 16 Hongda Road, Yuhang Economic and Technological Development Zone, Zhejiang Province, Hangzhou, CHN, 311102

Website

http://www.nbond.cn

HangZhou Nbond Nonwovens Co Ltd is a China based company engages in the production and sale of non-woven fabrics. Its nonwovens products cover various series and specifications, including beauty care materials, industrial materials, household wiping materials, medical materials, and various series of products for other fields and purposes.

Executives

Chen Wei Guo	senior management
Zhang Jie	Directors, senior managers
Lu Nian Fen	senior management
Gong Jin Rui	Directors, senior managers
Ren Jian Yong	Directors, senior managers
Zhong Wei Cheng	senior management
Zhang Guo Fu	Supervisors
Ren Fu Jia	Director
Wang Gang	Director
Zhang Yong Tao	Supervisors

HangZhou Nbond Nonwovens Co (SHSE:603238) Headlines

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