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Hunan Tyen Machinery Co (SHSE:900946) Debt-to-Equity : 0.00 (As of Sep. 2024)


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What is Hunan Tyen Machinery Co Debt-to-Equity?

Hunan Tyen Machinery Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $0.04 Mil. Hunan Tyen Machinery Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $0.23 Mil. Hunan Tyen Machinery Co's Total Stockholders Equity for the quarter that ended in Sep. 2024 was $108.20 Mil. Hunan Tyen Machinery Co's debt to equity for the quarter that ended in Sep. 2024 was 0.00.

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 Hunan Tyen Machinery Co's Debt-to-Equity or its related term are showing as below:

During the past 13 years, the highest Debt-to-Equity Ratio of Hunan Tyen Machinery Co was 0.62. The lowest was 0.00. And the median was 0.08.

SHSE:900946's Debt-to-Equity is not ranked *
in the Industrial Products industry.
Industry Median: 0.28
* Ranked among companies with meaningful Debt-to-Equity only.

Hunan Tyen Machinery Co Debt-to-Equity Historical Data

The historical data trend for Hunan Tyen Machinery 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.

Hunan Tyen Machinery Co Debt-to-Equity Chart

Hunan Tyen Machinery Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.06 0.04 - - -

Hunan Tyen Machinery 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - - - - -

Competitive Comparison of Hunan Tyen Machinery Co's Debt-to-Equity

For the Specialty Industrial Machinery subindustry, Hunan Tyen Machinery 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.


Hunan Tyen Machinery Co's Debt-to-Equity Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Hunan Tyen Machinery Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Hunan Tyen Machinery Co's Debt-to-Equity falls into.


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Hunan Tyen Machinery Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Hunan Tyen Machinery Co's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Hunan Tyen Machinery Co's Debt to Equity Ratio for the quarter that ended in Sep. 2024 is calculated as

* 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.


Hunan Tyen Machinery Co  (SHSE:900946) 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.


Hunan Tyen Machinery Co Debt-to-Equity Related Terms

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Hunan Tyen Machinery Co Business Description

Traded in Other Exchanges
Address
195 Hejiangting routine, Hunan Province, Hengyang, CHN, 421005
Hunan Tyen Machinery Co Ltd is engaged in research and development, production and sales of engine components such as exhaust turbochargers, engine valves, and cooling fans.

Hunan Tyen Machinery Co Headlines

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