Beijing Tongyizhong New Material Technology (SHSE:688722) Debt-to-Equity : 0.02 (As of Mar. 2024)

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What is Beijing Tongyizhong New Material Technology Debt-to-Equity?

Beijing Tongyizhong New Material Technology's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥24.9 Mil. Beijing Tongyizhong New Material Technology's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥0.0 Mil. Beijing Tongyizhong New Material Technology's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥1,247.5 Mil. Beijing Tongyizhong New Material Technology's debt to equity for the quarter that ended in Mar. 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 Beijing Tongyizhong New Material Technology's Debt-to-Equity or its related term are showing as below:

SHSE:688722' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.01 Max: 0.02
Current: 0.02

During the past 7 years, the highest Debt-to-Equity Ratio of Beijing Tongyizhong New Material Technology was 0.02. The lowest was 0.00. And the median was 0.01.

SHSE:688722's Debt-to-Equity is ranked better than
95.63% of 939 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.44 vs SHSE:688722: 0.02

Beijing Tongyizhong New Material Technology Debt-to-Equity Historical Data

The historical data trend for Beijing Tongyizhong New Material Technology'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.

Beijing Tongyizhong New Material Technology Debt-to-Equity Chart

Beijing Tongyizhong New Material Technology Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.01

0.02

Beijing Tongyizhong New Material Technology Quarterly Data
	Dec17	Dec18	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															-	-	-	0.02	0.02

Competitive Comparison of Beijing Tongyizhong New Material Technology's Debt-to-Equity

For the Textile Manufacturing subindustry, Beijing Tongyizhong New Material Technology'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.

Beijing Tongyizhong New Material Technology's Debt-to-Equity Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Beijing Tongyizhong New Material Technology's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Beijing Tongyizhong New Material Technology's Debt-to-Equity falls into.

Beijing Tongyizhong New Material Technology Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Beijing Tongyizhong New Material Technology'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
	=	(23.912	+	0.003)	/	1229.484
	=	0.02

Beijing Tongyizhong New Material Technology'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
	=	(24.944	+	0.004)	/	1247.463
	=	0.02

Beijing Tongyizhong New Material Technology (SHSE:688722) 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.

Beijing Tongyizhong New Material Technology Debt-to-Equity Related Terms

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Beijing Tongyizhong New Material Technology (SHSE:688722) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Beijing Tongyizhong New Material Technology Corp (SHSE:688722) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

Factory 901, No. 16, Zhonghe Street, Beijing Economic and Technological Development Zone, Beijing, CHN, 101102

Website

http://www.bjtyz.com

Beijing Tongyizhong New Material Technology Corp is engaged in the research and development, production and sales of ultra-high molecular weight polyethylene fibers and their composite materials.

Beijing Tongyizhong New Material Technology (SHSE:688722) Headlines

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