Jiangsu HHCK Advanced Materials Co (SHSE:688535) Debt-to-Equity : 0.04 (As of Mar. 2024)

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What is Jiangsu HHCK Advanced Materials Co Debt-to-Equity?

Jiangsu HHCK Advanced Materials Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥45.0 Mil. Jiangsu HHCK Advanced Materials Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥0.0 Mil. Jiangsu HHCK Advanced Materials Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥1,040.0 Mil. Jiangsu HHCK Advanced Materials Co's debt to equity for the quarter that ended in Mar. 2024 was 0.04.

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 Jiangsu HHCK Advanced Materials Co's Debt-to-Equity or its related term are showing as below:

SHSE:688535' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.04 Max: 0.81
Current: 0.04

During the past 5 years, the highest Debt-to-Equity Ratio of Jiangsu HHCK Advanced Materials Co was 0.81. The lowest was 0.00. And the median was 0.04.

SHSE:688535's Debt-to-Equity is ranked better than
82.72% of 874 companies
in the Semiconductors industry
Industry Median: 0.26 vs SHSE:688535: 0.04

Jiangsu HHCK Advanced Materials Co Debt-to-Equity Historical Data

The historical data trend for Jiangsu HHCK Advanced Materials 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.

Jiangsu HHCK Advanced Materials Co Debt-to-Equity Chart

Jiangsu HHCK Advanced Materials Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

0.81

0.69

0.05

Jiangsu HHCK Advanced Materials Co Quarterly Data
	Dec19	Dec20	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial								-	0.03	0.05	0.05	0.04

Competitive Comparison of Jiangsu HHCK Advanced Materials Co's Debt-to-Equity

For the Semiconductor Equipment & Materials subindustry, Jiangsu HHCK Advanced Materials 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.

Jiangsu HHCK Advanced Materials Co's Debt-to-Equity Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Jiangsu HHCK Advanced Materials Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Jiangsu HHCK Advanced Materials Co's Debt-to-Equity falls into.

Jiangsu HHCK Advanced Materials Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Jiangsu HHCK Advanced Materials 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
	=	(52.132	+	0)	/	1027.269
	=	0.05

Jiangsu HHCK Advanced Materials 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
	=	(45.037	+	0)	/	1040.04
	=	0.04

Jiangsu HHCK Advanced Materials Co (SHSE:688535) 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.

Jiangsu HHCK Advanced Materials Co Debt-to-Equity Related Terms

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Jiangsu HHCK Advanced Materials Co (SHSE:688535) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Jiangsu HHCK Advanced Materials Co Ltd (SHSE:688535) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

No. 66, Dongfang Avenue, Economic and Technological Development Zone, Jiangsu Province, Lianyungang, CHN, 222047

Website

http://www.hhck-em.com

Jiangsu HHCK Advanced Materials Co Ltd is engaged in the research and development and industrialization of semiconductor packaging materials.

Jiangsu HHCK Advanced Materials Co (SHSE:688535) Headlines

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