Jiangsu Pacific Quartz Co (SHSE:603688) Debt-to-Equity : 0.00 (As of Mar. 2024)

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What is Jiangsu Pacific Quartz Co Debt-to-Equity?

Jiangsu Pacific Quartz Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥0 Mil. Jiangsu Pacific Quartz Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥0 Mil. Jiangsu Pacific Quartz Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥7,694 Mil. Jiangsu Pacific Quartz Co's debt to equity for the quarter that ended in Mar. 2024 was 0.00.

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

During the past 13 years, the highest Debt-to-Equity Ratio of Jiangsu Pacific Quartz Co was 0.19. The lowest was 0.00. And the median was 0.03.

SHSE:603688's Debt-to-Equity is not ranked ^*
in the Chemicals industry.
Industry Median: 0.35
* Ranked among companies with meaningful Debt-to-Equity only.

Jiangsu Pacific Quartz Co Debt-to-Equity Historical Data

The historical data trend for Jiangsu Pacific Quartz 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 Pacific Quartz Co Debt-to-Equity Chart

Jiangsu Pacific Quartz Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.19

0.06

0.05

Jiangsu Pacific Quartz 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															-	-	-	-	-

Competitive Comparison of Jiangsu Pacific Quartz Co's Debt-to-Equity

For the Specialty Chemicals subindustry, Jiangsu Pacific Quartz 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 Pacific Quartz Co's Debt-to-Equity Distribution in the Chemicals Industry

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

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

Jiangsu Pacific Quartz Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Jiangsu Pacific Quartz 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	+	0)	/	7528.707
	=	0.00

Jiangsu Pacific Quartz 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
	=	(0	+	0)	/	7694.407
	=	0.00

Jiangsu Pacific Quartz Co (SHSE:603688) 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 Pacific Quartz Co Debt-to-Equity Related Terms

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Jiangsu Pacific Quartz Co (SHSE:603688) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Jiangsu Pacific Quartz Co Ltd (SHSE:603688) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

East side of Mahe Power Station, Jiangsu Province, Pingming Town, Donghai County, Lianyungang, CHN, 222342

Website

http://www.quartzpacific.com

Jiangsu Pacific Quartz Co Ltd is a China-based company. Along with its subsidiaries, the firm is engaged in the scientific research, production, and sales of silicon resources. Its products include high-purity quartz sand, quartz tube (rod), large-diameter quartz diffusion tube, quartz crucible, and various quartz devices. It also offers services including light sources, photovoltaics, optical materials and quartz materials for semiconductors.

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