Fujian Kuncai Material Technology Co (SHSE:603826) Debt-to-Equity : 0.96 (As of Mar. 2024)

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What is Fujian Kuncai Material Technology Co Debt-to-Equity?

Fujian Kuncai Material Technology Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥1,157.9 Mil. Fujian Kuncai Material Technology Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥680.3 Mil. Fujian Kuncai Material Technology Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥1,911.3 Mil. Fujian Kuncai Material Technology Co's debt to equity for the quarter that ended in Mar. 2024 was 0.96.

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 Fujian Kuncai Material Technology Co's Debt-to-Equity or its related term are showing as below:

SHSE:603826' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.41 Max: 0.99
Current: 0.96

During the past 12 years, the highest Debt-to-Equity Ratio of Fujian Kuncai Material Technology Co was 0.99. The lowest was 0.00. And the median was 0.41.

SHSE:603826's Debt-to-Equity is ranked worse than
82.9% of 1392 companies
in the Chemicals industry
Industry Median: 0.36 vs SHSE:603826: 0.96

Fujian Kuncai Material Technology Co Debt-to-Equity Historical Data

The historical data trend for Fujian Kuncai Material Technology 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.

Fujian Kuncai Material Technology Co Debt-to-Equity Chart

Fujian Kuncai Material Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.19

0.30

0.51

0.77

0.98

Fujian Kuncai Material Technology 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															0.93	0.96	0.99	0.98	0.96

Competitive Comparison of Fujian Kuncai Material Technology Co's Debt-to-Equity

For the Specialty Chemicals subindustry, Fujian Kuncai Material Technology 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.

Fujian Kuncai Material Technology Co's Debt-to-Equity Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Fujian Kuncai Material Technology Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Fujian Kuncai Material Technology Co's Debt-to-Equity falls into.

Fujian Kuncai Material Technology Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Fujian Kuncai Material Technology 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
	=	(1062.748	+	784.619)	/	1891.029
	=	0.98

Fujian Kuncai Material Technology 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
	=	(1157.942	+	680.328)	/	1911.27
	=	0.96

Fujian Kuncai Material Technology Co (SHSE:603826) 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.

Fujian Kuncai Material Technology Co Debt-to-Equity Related Terms

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Fujian Kuncai Material Technology Co (SHSE:603826) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Fujian Kuncai Material Technology Co Ltd (SHSE:603826) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Yuanhong Investment Zone, Fujian Province, Fuzhou, CHN, 350314

Website

http://www.fjkuncai.com

Fujian Kuncai Material Technology Co Ltd is a Chinese developer and manufacturer of pearlescent pigments. It manufactures various colors for use in automotive, plastics, cosmetics, ink, fluorocarbon coatings, wallpapers, 3C coatings and industrial coatings. The products offered by the company includes Peacock Series, Diamond Dragon Series, Silla Maya Series, Crystal Dragon Series, and FC Series Pearlescent Materials, among others. Its products have application in the industries of automotive coatings, cosmetics, plastics, inks, printing, industrial coatings, building materials, architectural decoration, and seed coating, among others. The entity sells its products in China, and also exports it to the various other countries.

Executives

Xie Chao	Director
Xie Bing Kun	Director
Mao Ying	senior management
Ding Jia Guo	Supervisors
Cai Zhi Ming	senior management
Wang Huai Yan	Supervisors
Li Qiu Yun	senior management

Fujian Kuncai Material Technology Co (SHSE:603826) Headlines

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