Asia Cuanon Technology (Shanghai) Co (SHSE:603378) Debt-to-Equity : 1.46 (As of Mar. 2024)

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What is Asia Cuanon Technology (Shanghai) Co Debt-to-Equity?

Asia Cuanon Technology (Shanghai) Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥1,766 Mil. Asia Cuanon Technology (Shanghai) Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥649 Mil. Asia Cuanon Technology (Shanghai) Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥1,658 Mil. Asia Cuanon Technology (Shanghai) Co's debt to equity for the quarter that ended in Mar. 2024 was 1.46.

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 Asia Cuanon Technology (Shanghai) Co's Debt-to-Equity or its related term are showing as below:

SHSE:603378' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.19 Med: 0.45 Max: 1.46
Current: 1.46

During the past 12 years, the highest Debt-to-Equity Ratio of Asia Cuanon Technology (Shanghai) Co was 1.46. The lowest was 0.19. And the median was 0.45.

SHSE:603378's Debt-to-Equity is ranked worse than
92.84% of 1396 companies
in the Chemicals industry
Industry Median: 0.35 vs SHSE:603378: 1.46

Asia Cuanon Technology (Shanghai) Co Debt-to-Equity Historical Data

The historical data trend for Asia Cuanon Technology (Shanghai) 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.

Asia Cuanon Technology (Shanghai) Co Debt-to-Equity Chart

Asia Cuanon Technology (Shanghai) Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.26

0.39

1.01

1.22

1.19

Asia Cuanon Technology (Shanghai) 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															1.31	1.21	1.23	1.19	1.46

Competitive Comparison of Asia Cuanon Technology (Shanghai) Co's Debt-to-Equity

For the Specialty Chemicals subindustry, Asia Cuanon Technology (Shanghai) 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.

Asia Cuanon Technology (Shanghai) Co's Debt-to-Equity Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Asia Cuanon Technology (Shanghai) Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Asia Cuanon Technology (Shanghai) Co's Debt-to-Equity falls into.

Asia Cuanon Technology (Shanghai) Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Asia Cuanon Technology (Shanghai) 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
	=	(1514.649	+	546.397)	/	1739.34
	=	1.18

Asia Cuanon Technology (Shanghai) 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
	=	(1766.326	+	648.508)	/	1657.605
	=	1.46

Asia Cuanon Technology (Shanghai) Co (SHSE:603378) 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.

Asia Cuanon Technology (Shanghai) Co Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Asia Cuanon Technology (Shanghai) Co's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Asia Cuanon Technology (Shanghai) Co (SHSE:603378) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Asia Cuanon Technology (Shanghai) Co Ltd (SHSE:603378) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 28 Xintao Road, 3rd and 4th floor, Comprehensive Building, Qingpu Industrial Park, Shanghai, CHN, 201707

Website

http://www.cuanon.com

Asia Cuanon Technology (Shanghai) Co Ltd is engaged in research and development, manufacturing and service of functional architectural coatings, thermal insulation decorative panels, fireproof and thermal insulation materials. The company's products are widely used in real estate, residential community, hotel/office, and public construction projects.

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