Longyan Kaolin Clay Co (SHSE:605086) Debt-to-Equity : 0.00 (As of Mar. 2024)

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What is Longyan Kaolin Clay Co Debt-to-Equity?

Longyan Kaolin Clay Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥0.0 Mil. Longyan Kaolin Clay Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥0.0 Mil. Longyan Kaolin Clay Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥1,207.6 Mil. Longyan Kaolin Clay 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 Longyan Kaolin Clay Co's Debt-to-Equity or its related term are showing as below:

During the past 8 years, the highest Debt-to-Equity Ratio of Longyan Kaolin Clay Co was 0.50. The lowest was 0.04. And the median was 0.19.

SHSE:605086's Debt-to-Equity is not ranked ^*
in the Metals & Mining industry.
Industry Median: 0.13
* Ranked among companies with meaningful Debt-to-Equity only.

Longyan Kaolin Clay Co Debt-to-Equity Historical Data

The historical data trend for Longyan Kaolin Clay 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.

Longyan Kaolin Clay Co Debt-to-Equity Chart

Longyan Kaolin Clay Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.04

Longyan Kaolin Clay Co Quarterly Data
	Dec18	Jun19	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 Longyan Kaolin Clay Co's Debt-to-Equity

For the Other Industrial Metals & Mining subindustry, Longyan Kaolin Clay 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.

Longyan Kaolin Clay Co's Debt-to-Equity Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Longyan Kaolin Clay Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Longyan Kaolin Clay Co's Debt-to-Equity falls into.

Longyan Kaolin Clay Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Longyan Kaolin Clay 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)	/	1182.738
	=	0.00

Longyan Kaolin Clay 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)	/	1207.562
	=	0.00

Longyan Kaolin Clay Co (SHSE:605086) 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.

Longyan Kaolin Clay Co Debt-to-Equity Related Terms

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Longyan Kaolin Clay Co (SHSE:605086) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Longyan Kaolin Clay Co Ltd (SHSE:605086) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

No.260 Longyan Avenue, Xibei Street, Floor 10-12, State-owned Building, Xinluo District, Fujian Province, Longyan, CHN, 364000

Website

http://www.longgaogf.com

Longyan Kaolin Clay Co Ltd is engaged in the selection, processing and sales of kaolin. The company's main products are kaolin ore, 325 mesh kaolin concentrate, super Longyan kaolin, and modified kaolin. The products have the characteristics of low iron, titanium and other harmful impurities, high firing whiteness, and good ceramic performance. It is widely used in daily ceramics, arts and crafts ceramics and high-end architectural ceramics.

Longyan Kaolin Clay Co (SHSE:605086) Headlines

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