Argus (Shanghai) Textile Chemicals Co (SHSE:603790) Debt-to-Equity : 0.14 (As of Mar. 2024)

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What is Argus (Shanghai) Textile Chemicals Co Debt-to-Equity?

Argus (Shanghai) Textile Chemicals Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥166.3 Mil. Argus (Shanghai) Textile Chemicals Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥0.0 Mil. Argus (Shanghai) Textile Chemicals Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥1,192.6 Mil. Argus (Shanghai) Textile Chemicals Co's debt to equity for the quarter that ended in Mar. 2024 was 0.14.

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 Argus (Shanghai) Textile Chemicals Co's Debt-to-Equity or its related term are showing as below:

SHSE:603790' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.02 Med: 0.11 Max: 0.21
Current: 0.14

During the past 10 years, the highest Debt-to-Equity Ratio of Argus (Shanghai) Textile Chemicals Co was 0.21. The lowest was 0.02. And the median was 0.11.

SHSE:603790's Debt-to-Equity is ranked better than
71.92% of 1396 companies
in the Chemicals industry
Industry Median: 0.35 vs SHSE:603790: 0.14

Argus (Shanghai) Textile Chemicals Co Debt-to-Equity Historical Data

The historical data trend for Argus (Shanghai) Textile Chemicals 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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Argus (Shanghai) Textile Chemicals Co Debt-to-Equity Chart

Argus (Shanghai) Textile Chemicals Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.03

0.07

0.21

0.17

0.12

Argus (Shanghai) Textile Chemicals 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															0.15	0.15	0.14	0.12	0.14

Competitive Comparison of Argus (Shanghai) Textile Chemicals Co's Debt-to-Equity

For the Specialty Chemicals subindustry, Argus (Shanghai) Textile Chemicals 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.

Argus (Shanghai) Textile Chemicals Co's Debt-to-Equity Distribution in the Chemicals Industry

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

* The bar in red indicates where Argus (Shanghai) Textile Chemicals Co's Debt-to-Equity falls into.

Argus (Shanghai) Textile Chemicals Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Argus (Shanghai) Textile Chemicals 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
	=	(147.643	+	0)	/	1217.033
	=	0.12

Argus (Shanghai) Textile Chemicals 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
	=	(166.276	+	0)	/	1192.628
	=	0.14

Argus (Shanghai) Textile Chemicals Co (SHSE:603790) 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.

Argus (Shanghai) Textile Chemicals Co Debt-to-Equity Related Terms

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Argus (Shanghai) Textile Chemicals Co (SHSE:603790) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Argus (Shanghai) Textile Chemicals Co Ltd (SHSE:603790) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 388 Jinyuan Liu Road, Jiangqiao, Jiading, Room 275-278, Building 16, Shanghai, CHN, 201812

Website

http://www.argus.net.cn

Argus (Shanghai) Textile Chemicals Co Ltd is a Chinese company that manufactures dyes. The company is specialized in the research and development, manufacturing and marketing of textile chemicals and providing technical support services for several specialties. It offers Dyes for cellulose, polyamide, wool, polyester, and silk. While its other products categories include Argasoft products and other auxiliary services related to dying.

Argus (Shanghai) Textile Chemicals Co (SHSE:603790) Headlines

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