Polyrocks Chemical Co (SHSE:688669) Debt-to-Equity : 1.20 (As of Mar. 2024)

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What is Polyrocks Chemical Co Debt-to-Equity?

Polyrocks Chemical Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥972 Mil. Polyrocks Chemical Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥896 Mil. Polyrocks Chemical Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥1,559 Mil. Polyrocks Chemical Co's debt to equity for the quarter that ended in Mar. 2024 was 1.20.

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 Polyrocks Chemical Co's Debt-to-Equity or its related term are showing as below:

SHSE:688669' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.26 Med: 0.58 Max: 1.2
Current: 1.2

During the past 11 years, the highest Debt-to-Equity Ratio of Polyrocks Chemical Co was 1.20. The lowest was 0.26. And the median was 0.58.

SHSE:688669's Debt-to-Equity is ranked worse than
87.71% of 1391 companies
in the Chemicals industry
Industry Median: 0.35 vs SHSE:688669: 1.20

Polyrocks Chemical Co Debt-to-Equity Historical Data

The historical data trend for Polyrocks Chemical 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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Polyrocks Chemical Co Debt-to-Equity Chart

Polyrocks Chemical Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.55

0.86

0.65

0.82

1.08

Polyrocks Chemical 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															0.85	0.94	0.99	1.08	1.20

Competitive Comparison of Polyrocks Chemical Co's Debt-to-Equity

For the Specialty Chemicals subindustry, Polyrocks Chemical 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.

Polyrocks Chemical Co's Debt-to-Equity Distribution in the Chemicals Industry

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

* The bar in red indicates where Polyrocks Chemical Co's Debt-to-Equity falls into.

Polyrocks Chemical Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Polyrocks Chemical 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
	=	(964.44	+	734.861)	/	1567.685
	=	1.08

Polyrocks Chemical 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
	=	(972.171	+	895.771)	/	1558.53
	=	1.20

Polyrocks Chemical Co (SHSE:688669) 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.

Polyrocks Chemical Co Debt-to-Equity Related Terms

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Polyrocks Chemical Co (SHSE:688669) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Polyrocks Chemical Co Ltd (SHSE:688669) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

High-tech Industrial Development Zone, B6, Xiongxing Industrial City, Guangdong Province, Qingyuan, CHN, 511540

Website

http://www.polyrocks.comhttp://www.polyrocks.com

Polyrocks Chemical Co Ltd is engaged in the production and sales of modified plastic particles and products. It offers modified polyolefin materials, engineering plastics, elastomer materials and functional masterbatches. The products are widely used in industries such as automobiles, smart home appliance, communication electronics, sanitary materials, coatings and others.

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