Hangzhou Toka Ink Co (SHSE:688571) Debt-to-Equity : 0.03 (As of Sep. 2024)

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What is Hangzhou Toka Ink Co Debt-to-Equity?

Hangzhou Toka Ink Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was ¥37 Mil. Hangzhou Toka Ink Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was ¥0 Mil. Hangzhou Toka Ink Co's Total Stockholders Equity for the quarter that ended in Sep. 2024 was ¥1,507 Mil. Hangzhou Toka Ink Co's debt to equity for the quarter that ended in Sep. 2024 was 0.02.

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 Hangzhou Toka Ink Co's Debt-to-Equity or its related term are showing as below:

SHSE:688571' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.03 Max: 0.03
Current: 0.03

During the past 10 years, the highest Debt-to-Equity Ratio of Hangzhou Toka Ink Co was 0.03. The lowest was 0.01. And the median was 0.03.

SHSE:688571's Debt-to-Equity is ranked better than
91.63% of 1398 companies
in the Chemicals industry
Industry Median: 0.36 vs SHSE:688571: 0.03

Hangzhou Toka Ink Co Debt-to-Equity Historical Data

The historical data trend for Hangzhou Toka Ink 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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Hangzhou Toka Ink Co Debt-to-Equity Chart

Hangzhou Toka Ink Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.03

Hangzhou Toka Ink Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Debt-to-Equity	Get a 7-Day Free Trial															0.03	0.03	0.03	0.02	0.03

Competitive Comparison of Hangzhou Toka Ink Co's Debt-to-Equity

For the Specialty Chemicals subindustry, Hangzhou Toka Ink 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.

Hangzhou Toka Ink Co's Debt-to-Equity Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Hangzhou Toka Ink Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Hangzhou Toka Ink Co's Debt-to-Equity falls into.

Hangzhou Toka Ink Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Hangzhou Toka Ink 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
	=	(45.054	+	0)	/	1479.773
	=	0.03

Hangzhou Toka Ink Co's Debt to Equity Ratio for the quarter that ended in Sep. 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
	=	(37.038	+	0)	/	1507.2
	=	0.02

Hangzhou Toka Ink Co (SHSE:688571) 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.

Hangzhou Toka Ink Co Debt-to-Equity Related Terms

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Hangzhou Toka Ink Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Hangzhou Toka Ink Co Ltd (SHSE:688571) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 2 (South), No. 5 Street, Baiyang Street, Economic and Technological Development Zone, Zhejiang Province, Hangzhou, CHN, 310018

Website

http://www.hhink.com

Hangzhou Toka Ink Co Ltd is involved in the production and sales of energy-saving and environmentally friendly ink products. It offers various ink product such as Web offset printing ink, Gravure ink, water-based ink, special ink and others.

Executives

Cao Wen Xu	Directors, senior managers
Zhang Lei	senior management
Gong Zhang Shui	Senior management, core technical personnel
He Liang	Core technical personnel
He Tie Fei	Core technical personnel
Sun Guan Zhang	Core technical personnel
Qiu Ke Jia	Directors, senior managers
Wang Bin	senior management
Liu Xiao Peng	Core technical personnel
Shen Jian Bin	Senior management, core technical personnel
Lin Ri Sheng	Core technical personnel
Xia Jian Yong	Core technical personnel
Ma Zhi Qiang	Core technical personnel

Hangzhou Toka Ink Co Headlines

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