Sokan New Materials Group Co (SHSE:688157) Debt-to-Equity : 0.15 (As of Mar. 2025)

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What is Sokan New Materials Group Co Debt-to-Equity?

Sokan New Materials Group Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2025 was ¥180.6 Mil. Sokan New Materials Group Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2025 was ¥19.7 Mil. Sokan New Materials Group Co's Total Stockholders Equity for the quarter that ended in Mar. 2025 was ¥1,330.3 Mil. Sokan New Materials Group Co's debt to equity for the quarter that ended in Mar. 2025 was 0.15.

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 Sokan New Materials Group Co's Debt-to-Equity or its related term are showing as below:

SHSE:688157' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.01 Max: 0.15
Current: 0.15

During the past 9 years, the highest Debt-to-Equity Ratio of Sokan New Materials Group Co was 0.15. The lowest was 0.00. And the median was 0.01.

SHSE:688157's Debt-to-Equity is ranked better than
70.23% of 1394 companies
in the Chemicals industry
Industry Median: 0.37 vs SHSE:688157: 0.15

Sokan New Materials Group Co Debt-to-Equity Historical Data

The historical data trend for Sokan New Materials 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.

* Premium members only.

Sokan New Materials Group Co Debt-to-Equity Chart

Sokan New Materials Group Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Debt-to-Equity

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0.01

0.02

0.06

0.12

Sokan New Materials Group Co Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
Debt-to-Equity	Get a 7-Day Free Trial															0.11	0.12	0.11	0.12	0.15

Competitive Comparison of Sokan New Materials Group Co's Debt-to-Equity

For the Specialty Chemicals subindustry, Sokan New Materials 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.

Sokan New Materials Group Co's Debt-to-Equity Distribution in the Chemicals Industry

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

* The bar in red indicates where Sokan New Materials Group Co's Debt-to-Equity falls into.

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Sokan New Materials Group Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Sokan New Materials Group Co's Debt to Equity Ratio for the fiscal year that ended in Dec. 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
	=	(138.138	+	17.389)	/	1321.777
	=	0.12

Sokan New Materials Group Co's Debt to Equity Ratio for the quarter that ended in Mar. 2025 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
	=	(180.631	+	19.672)	/	1330.255
	=	0.15

Sokan New Materials Group Co (SHSE:688157) 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.

Sokan New Materials Group Co Debt-to-Equity Related Terms

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Sokan New Materials Group Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Sokan New Materials Group Co Ltd (SHSE:688157) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.777, Sanhuan North Road, Ningxiang Economic and Technological Development Zone, Hunan Province, Ningxiang, CHN, 410600

Website

http://www.sokan.com.cn

Sokan New Materials Group Co Ltd is engaged in the production and sales of new functional coating materials such as paints and special inks. It provides services to market segments such as mobile phones and related accessories, notebook computers and related accessories, wearable devices, and smart home appliances, passenger cars.

Executives

	Director
Wang Wei Guo	Directors, senior managers
Yang Bo	Director
Wu Song	Director
Li Ping	Core technical personnel
Zhang Ying Qiang	senior management
Mou Pei Kai	Director
Xu Rui Hong	Supervisors
Tang Xiao Qin	Supervisors
Li Yu Liang	Core technical personnel
Wu Jun Yun	senior management

Sokan New Materials Group Co Headlines

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