Jiangxi Hungpai New Material Co (SHSE:605366) Debt-to-Equity : 0.39 (As of Mar. 2024)

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What is Jiangxi Hungpai New Material Co Debt-to-Equity?

Jiangxi Hungpai New Material Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥33 Mil. Jiangxi Hungpai New Material Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥740 Mil. Jiangxi Hungpai New Material Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥1,998 Mil. Jiangxi Hungpai New Material Co's debt to equity for the quarter that ended in Mar. 2024 was 0.39.

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 Hungpai New Material Co's Debt-to-Equity or its related term are showing as below:

SHSE:605366' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.26 Max: 0.41
Current: 0.39

During the past 8 years, the highest Debt-to-Equity Ratio of Jiangxi Hungpai New Material Co was 0.41. The lowest was 0.01. And the median was 0.26.

SHSE:605366's Debt-to-Equity is ranked worse than
53.44% of 1394 companies
in the Chemicals industry
Industry Median: 0.35 vs SHSE:605366: 0.39

Jiangxi Hungpai New Material Co Debt-to-Equity Historical Data

The historical data trend for Jiangxi Hungpai New Material 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.

Jiangxi Hungpai New Material Co Debt-to-Equity Chart

Jiangxi Hungpai New Material Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.20

0.01

0.21

0.25

0.32

Jiangxi Hungpai New Material 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															0.31	0.40	0.41	0.32	0.39

Competitive Comparison of Jiangxi Hungpai New Material Co's Debt-to-Equity

For the Chemicals subindustry, Jiangxi Hungpai New Material 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 Hungpai New Material Co's Debt-to-Equity Distribution in the Chemicals Industry

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

* The bar in red indicates where Jiangxi Hungpai New Material Co's Debt-to-Equity falls into.

Jiangxi Hungpai New Material Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Jiangxi Hungpai New Material 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
	=	(67.337	+	563.774)	/	1988.713
	=	0.32

Jiangxi Hungpai New Material 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
	=	(32.637	+	740.473)	/	1998.217
	=	0.39

Jiangxi Hungpai New Material Co (SHSE:605366) 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 Hungpai New Material Co Debt-to-Equity Related Terms

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Jiangxi Hungpai New Material Co (SHSE:605366) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Jiangxi Hungpai New Material Co Ltd (SHSE:605366) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

Industrial 9th ??Road, Tashan Industrial Park, Jiangxi Province, Leping, CHN, 333332

Website

http://www.hungpai.net

Jiangxi Hungpai New Material Co Ltd is engaged in research and development, production and sales of new silicon-based materials such as functional silanes, nano-silicon materials and other chemical additives. The company's products include Silane Coupling Agent, Anti-Reversion Agent, Antioxidant Agent, Manufacturing Additive Agent, Prevent Blooming Agent, Raw Chemical Material, Silicone Products Series, Fumed Silica, Anti-Adherent Agent, and Silane coupling agent series.

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