Anhui Huaertai Chemical Co (SZSE:001217) Debt-to-Equity : 0.00 (As of Sep. 2024)

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What is Anhui Huaertai Chemical Co Debt-to-Equity?

Anhui Huaertai Chemical Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was ¥0 Mil. Anhui Huaertai Chemical Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was ¥0 Mil. Anhui Huaertai Chemical Co's Total Stockholders Equity for the quarter that ended in Sep. 2024 was ¥2,250 Mil. Anhui Huaertai Chemical 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 Anhui Huaertai Chemical Co's Debt-to-Equity or its related term are showing as below:

SZSE:001217' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.04 Max: 0.28
Current: 0.02

During the past 7 years, the highest Debt-to-Equity Ratio of Anhui Huaertai Chemical Co was 0.28. The lowest was 0.01. And the median was 0.04.

SZSE:001217's Debt-to-Equity is ranked better than
95.03% of 1389 companies
in the Chemicals industry
Industry Median: 0.36 vs SZSE:001217: 0.02

Anhui Huaertai Chemical Co Debt-to-Equity Historical Data

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

Anhui Huaertai Chemical Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.07

0.04

Anhui Huaertai Chemical 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															-	-	0.04	0.02	-

Competitive Comparison of Anhui Huaertai Chemical Co's Debt-to-Equity

For the Chemicals subindustry, Anhui Huaertai 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.

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

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

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

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Anhui Huaertai Chemical Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Anhui Huaertai 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
	=	(0.757	+	0)	/	2201.99
	=	0.00

Anhui Huaertai Chemical 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
	=	(0	+	0)	/	2250.255
	=	0.00

Anhui Huaertai Chemical Co (SZSE:001217) 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.

Anhui Huaertai Chemical Co Debt-to-Equity Related Terms

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Anhui Huaertai Chemical Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Anhui Huaertai Chemical Co Ltd (SZSE:001217) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

Xiangyu Town, Anhui Province, Dongzhi, CHN, 247260

Website

http://www.ahhet.com

Anhui Huaertai Chemical Co Ltd is engaged in the research and development, production, and sales of chemical products. The company engages in the manufacturing of basic chemicals, fine chemicals, and new chemical materials. It provides products and services for downstream industries such as metal smelting, biopharmaceuticals, agricultural environmental protection, polymer materials, new energy, and wet electronic chemistry, and has various downstream customers both domestically and internationally. The different chemical products offered by the company are melamine, melamine resin, ammonium sulfate, morpholine, and purity sulfuric acid among others.

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