Earth-Panda Advanced Magnetic Material Co (SHSE:688077) Debt-to-Equity : 0.73 (As of Mar. 2024)

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What is Earth-Panda Advanced Magnetic Material Co Debt-to-Equity?

Earth-Panda Advanced Magnetic Material Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥628 Mil. Earth-Panda Advanced Magnetic Material Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥175 Mil. Earth-Panda Advanced Magnetic Material Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥1,094 Mil. Earth-Panda Advanced Magnetic Material Co's debt to equity for the quarter that ended in Mar. 2024 was 0.73.

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 Earth-Panda Advanced Magnetic Material Co's Debt-to-Equity or its related term are showing as below:

SHSE:688077' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.29 Max: 0.75
Current: 0.73

During the past 10 years, the highest Debt-to-Equity Ratio of Earth-Panda Advanced Magnetic Material Co was 0.75. The lowest was 0.01. And the median was 0.29.

SHSE:688077's Debt-to-Equity is ranked worse than
78.37% of 2630 companies
in the Industrial Products industry
Industry Median: 0.29 vs SHSE:688077: 0.73

Earth-Panda Advanced Magnetic Material Co Debt-to-Equity Historical Data

The historical data trend for Earth-Panda Advanced Magnetic 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.

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Earth-Panda Advanced Magnetic Material Co Debt-to-Equity Chart

Earth-Panda Advanced Magnetic Material Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.22

0.01

0.33

0.75

0.66

Earth-Panda Advanced Magnetic 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															0.72	0.63	0.62	0.66	0.73

Competitive Comparison of Earth-Panda Advanced Magnetic Material Co's Debt-to-Equity

For the Electrical Equipment & Parts subindustry, Earth-Panda Advanced Magnetic 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.

Earth-Panda Advanced Magnetic Material Co's Debt-to-Equity Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Earth-Panda Advanced Magnetic Material Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Earth-Panda Advanced Magnetic Material Co's Debt-to-Equity falls into.

Earth-Panda Advanced Magnetic Material Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Earth-Panda Advanced Magnetic 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
	=	(566.328	+	159.446)	/	1095.532
	=	0.66

Earth-Panda Advanced Magnetic 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
	=	(627.807	+	175.142)	/	1094.036
	=	0.73

Earth-Panda Advanced Magnetic Material Co (SHSE:688077) 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.

Earth-Panda Advanced Magnetic Material Co Debt-to-Equity Related Terms

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Earth-Panda Advanced Magnetic Material Co (SHSE:688077) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Earth-Panda Advanced Magnetic Material Co Ltd (SHSE:688077) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

Lujiang High-tech Industrial Development Zone, Anhui, Hefei, CHN, 231500

Website

http://www.earth-panda.com

Earth-Panda Advanced Magnetic Material Co Ltd is engaged in production and sales of sintered NdFeB permanent magnet materials. Its products are sintered NdFeb magnet, bonded NdFeb magnet, rubber magnet, samarium cobalt magnet. Its products are used in various applications such as information, national defense, automobiles, wind power, various types of motors, instruments, medical equipments, magnetic machinery and various other fields.

Executives

Wang Zi Yi	senior management
Liu Ming Hui	senior management
Dong Xue Chun	Directors, senior managers
Tan Xin Bo	Directors, senior managers
Zhou Zhi Guo	Core technical personnel
Wang Yong Dong	Supervisors
Mo Kun Peng	Supervisors
Chen Jing Wu	Senior management, core technical personnel
Yi Xiao Fei	Directors, senior managers, core technical personn
Liu You Hao	Supervisors, core technical personnel
Cao Qing Xiang	Director
Xiong Yong Fei	Directors, senior managers

Earth-Panda Advanced Magnetic Material Co (SHSE:688077) Headlines

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