Jilin Joinature Polymer Co (SHSE:688716) Debt-to-Equity : 0.04 (As of Mar. 2025)

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What is Jilin Joinature Polymer Co Debt-to-Equity?

Jilin Joinature Polymer Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2025 was ¥2.7 Mil. Jilin Joinature Polymer Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2025 was ¥48.4 Mil. Jilin Joinature Polymer Co's Total Stockholders Equity for the quarter that ended in Mar. 2025 was ¥1,177.8 Mil. Jilin Joinature Polymer Co's debt to equity for the quarter that ended in Mar. 2025 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 Jilin Joinature Polymer Co's Debt-to-Equity or its related term are showing as below:

SHSE:688716' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.06 Max: 0.36
Current: 0.04

During the past 12 years, the highest Debt-to-Equity Ratio of Jilin Joinature Polymer Co was 0.36. The lowest was 0.00. And the median was 0.06.

SHSE:688716's Debt-to-Equity is ranked better than
88.67% of 1394 companies
in the Chemicals industry
Industry Median: 0.37 vs SHSE:688716: 0.04

Jilin Joinature Polymer Co Debt-to-Equity Historical Data

The historical data trend for Jilin Joinature Polymer 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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Jilin Joinature Polymer Co Debt-to-Equity Chart

Jilin Joinature Polymer Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Debt-to-Equity

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0.04

0.18

0.25

0.06

Jilin Joinature Polymer Co Quarterly Data
	Dec19	Mar20	Jun20	Dec20	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															-	0.01	0.01	0.06	0.04

Competitive Comparison of Jilin Joinature Polymer Co's Debt-to-Equity

For the Chemicals subindustry, Jilin Joinature Polymer 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.

Jilin Joinature Polymer Co's Debt-to-Equity Distribution in the Chemicals Industry

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

* The bar in red indicates where Jilin Joinature Polymer Co's Debt-to-Equity falls into.

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Jilin Joinature Polymer Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Jilin Joinature Polymer 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
	=	(18.548	+	48.342)	/	1172.154
	=	0.06

Jilin Joinature Polymer 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
	=	(2.655	+	48.422)	/	1177.814
	=	0.04

Jilin Joinature Polymer Co (SHSE:688716) 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.

Jilin Joinature Polymer Co Debt-to-Equity Related Terms

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Jilin Joinature Polymer Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Jilin Joinature Polymer Co Ltd (SHSE:688716) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

No. 1177, Zhongyan Road, Advanced Manufacturing Park, Luyuan Economic Development Zone, Luyuan, Jilin, Changchun, CHN, 130113

Website

https://www.zypeek.cn

Jilin Joinature Polymer Co Ltd is a high-tech enterprise integrating research & development, production and sales of polyetheretherketone (PEEK). The company's main product is PEEK in the form of resin, forming an existing product system of two categories, three grades, and six series with a total of 52 specifications and grades. The company's main products are divided into two categories: pure resin and composite reinforced resin.

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