GuangDong Leary New Material Technology Co (SHSE:688683) Debt-to-Equity : 0.12 (As of Sep. 2024)

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What is GuangDong Leary New Material Technology Co Debt-to-Equity?

GuangDong Leary New Material Technology Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was ¥4.7 Mil. GuangDong Leary New Material Technology Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was ¥114.4 Mil. GuangDong Leary New Material Technology Co's Total Stockholders Equity for the quarter that ended in Sep. 2024 was ¥1,023.2 Mil. GuangDong Leary New Material Technology Co's debt to equity for the quarter that ended in Sep. 2024 was 0.12.

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 GuangDong Leary New Material Technology Co's Debt-to-Equity or its related term are showing as below:

SHSE:688683' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.03 Max: 0.12
Current: 0.12

During the past 7 years, the highest Debt-to-Equity Ratio of GuangDong Leary New Material Technology Co was 0.12. The lowest was 0.01. And the median was 0.03.

SHSE:688683's Debt-to-Equity is ranked better than
73.92% of 1388 companies
in the Chemicals industry
Industry Median: 0.36 vs SHSE:688683: 0.12

GuangDong Leary New Material Technology Co Debt-to-Equity Historical Data

The historical data trend for GuangDong Leary New Material Technology 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.

GuangDong Leary New Material Technology Co Debt-to-Equity Chart

GuangDong Leary New Material Technology Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.03

0.06

0.03

0.01

0.03

GuangDong Leary New Material Technology 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															0.02	0.03	0.02	0.02	0.12

Competitive Comparison of GuangDong Leary New Material Technology Co's Debt-to-Equity

For the Chemicals subindustry, GuangDong Leary New Material Technology 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.

GuangDong Leary New Material Technology Co's Debt-to-Equity Distribution in the Chemicals Industry

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

* The bar in red indicates where GuangDong Leary New Material Technology Co's Debt-to-Equity falls into.

GuangDong Leary New Material Technology Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

GuangDong Leary New Material Technology 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
	=	(19.105	+	5.906)	/	1005.704
	=	0.02

GuangDong Leary New Material Technology 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
	=	(4.7	+	114.44)	/	1023.225
	=	0.12

GuangDong Leary New Material Technology Co (SHSE:688683) 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.

GuangDong Leary New Material Technology Co Debt-to-Equity Related Terms

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GuangDong Leary New Material Technology Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » GuangDong Leary New Material Technology Co Ltd (SHSE:688683) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

Beishui Industrial Zone, Bai'an Road, Xingtan Town, Shunde District, Guangdong Province, Foshan, CHN, 528325

Website

https://www.leary.com.cn

GuangDong Leary New Material Technology Co Ltd is engaged in the research and development, production and sales of functional coating film materials and downstream application products.

Executives

Gong Wei Quan	Director
Fan Xiao Ping	Director
Liang Yun Xiang	senior management
Zhou Song Hua	Director
Wu Jin Tu	Director
Gong Wei Quan	Director
Wu Zhong Qian	Director
Nie Zhi Jin	senior management

GuangDong Leary New Material Technology Co Headlines

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