Jiangxi Guotai Group Co (SHSE:603977) Debt-to-Equity : 0.34 (As of Mar. 2024)

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What is Jiangxi Guotai Group Co Debt-to-Equity?

Jiangxi Guotai Group Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥951 Mil. Jiangxi Guotai Group Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥140 Mil. Jiangxi Guotai Group Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥3,170 Mil. Jiangxi Guotai Group Co's debt to equity for the quarter that ended in Mar. 2024 was 0.34.

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 Jiangxi Guotai Group Co's Debt-to-Equity or its related term are showing as below:

SHSE:603977' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.07 Med: 0.26 Max: 0.49
Current: 0.34

During the past 13 years, the highest Debt-to-Equity Ratio of Jiangxi Guotai Group Co was 0.49. The lowest was 0.07. And the median was 0.26.

SHSE:603977's Debt-to-Equity is ranked better than
52.37% of 1392 companies
in the Chemicals industry
Industry Median: 0.35 vs SHSE:603977: 0.34

Jiangxi Guotai Group Co Debt-to-Equity Historical Data

The historical data trend for Jiangxi Guotai Group 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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Jiangxi Guotai Group Co Debt-to-Equity Chart

Jiangxi Guotai Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.17

0.31

0.22

0.29

0.36

Jiangxi Guotai Group 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															0.26	0.27	0.26	0.36	0.34

Competitive Comparison of Jiangxi Guotai Group Co's Debt-to-Equity

For the Specialty Chemicals subindustry, Jiangxi Guotai Group 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.

Jiangxi Guotai Group Co's Debt-to-Equity Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Jiangxi Guotai Group Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Jiangxi Guotai Group Co's Debt-to-Equity falls into.

Jiangxi Guotai Group Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Jiangxi Guotai Group 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
	=	(988.256	+	141.096)	/	3118.435
	=	0.36

Jiangxi Guotai Group 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
	=	(950.786	+	140.316)	/	3170.342
	=	0.34

Jiangxi Guotai Group Co (SHSE:603977) 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.

Jiangxi Guotai Group Co Debt-to-Equity Related Terms

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Jiangxi Guotai Group Co (SHSE:603977) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Jiangxi Guotai Group Co Ltd (SHSE:603977) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 699, Gaoxin Avenue, Nanchang High-tech Industrial Development Zone, Jiangxi Province, Nanchang, CHN, 330096

Website

http://www.jxgtmb.com

Jiangxi Guotai Group Co Ltd, formerly Jiangxi Guotai Industrial Explosive Material Group Co Ltd is the civil explosive equipment manufacturers based in China. The principal business activities of the company include research and development, production, sales and blasting services of civil blasting equipment. The company's product line consists of an industrial detonator, industrial explosives, industrial cable, information product and intelligent equipment. Its products are mainly used for mining and infrastructure construction.

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