Hongda Xingye Co (SZSE:002002) Debt-to-Equity : 0.62 (As of Sep. 2023)

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What is Hongda Xingye Co Debt-to-Equity?

Hongda Xingye Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ¥5,558 Mil. Hongda Xingye Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ¥291 Mil. Hongda Xingye Co's Total Stockholders Equity for the quarter that ended in Sep. 2023 was ¥9,455 Mil. Hongda Xingye Co's debt to equity for the quarter that ended in Sep. 2023 was 0.62.

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 Hongda Xingye Co's Debt-to-Equity or its related term are showing as below:

SZSE:002002' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.47 Med: 0.81 Max: 1.46
Current: 0.62

During the past 13 years, the highest Debt-to-Equity Ratio of Hongda Xingye Co was 1.46. The lowest was 0.47. And the median was 0.81.

SZSE:002002's Debt-to-Equity is not ranked
in the Chemicals industry.
Industry Median: 0.36 vs SZSE:002002: 0.62

Hongda Xingye Co Debt-to-Equity Historical Data

The historical data trend for Hongda Xingye 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.

Hongda Xingye Co Debt-to-Equity Chart

Hongda Xingye Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Debt-to-Equity

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0.73

0.79

0.89

0.54

0.55

Hongda Xingye Co Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial															0.55	0.55	0.55	0.59	0.62

Competitive Comparison of Hongda Xingye Co's Debt-to-Equity

For the Specialty Chemicals subindustry, Hongda Xingye 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.

Hongda Xingye Co's Debt-to-Equity Distribution in the Chemicals Industry

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

* The bar in red indicates where Hongda Xingye Co's Debt-to-Equity falls into.

Hongda Xingye Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Hongda Xingye Co's Debt to Equity Ratio for the fiscal year that ended in Dec. 2022 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
	=	(5386.888	+	290.572)	/	10268.488
	=	0.55

Hongda Xingye Co's Debt to Equity Ratio for the quarter that ended in Sep. 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
	=	(5557.836	+	290.56)	/	9454.896
	=	0.62

Hongda Xingye Co (SZSE:002002) 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.

Hongda Xingye Co Debt-to-Equity Related Terms

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Hongda Xingye Co (SZSE:002002) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Hongda Xingye Co Ltd (SZSE:002002) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.1 Guangzhou Circle Road, Guangzhou Circle, 28th Floor, Guangzhou, CHN, 510385

Website

http://www.002002.cn

Hongda Xingye Co Ltd is a Chinese chemical resource company. It is engaged in the manufacture and sale of chemical products. The business areas of the company are New materials, Environmental protection, and Electronic trading. It offers products like soil conditioner, desulfurizer; environmental modification engineering services such as soil remediation, desulfuration, and denitration; PVC new materials like PVC, modified PVC, PVC building formwork, PVC pharmaceutical packaging material, PVC ecological houses; rare earth new materials such as rare earth heat stabilizer and rare earth catalyst. In addition, the company also provide services of the business to business e-commerce, comprehensive logistics, technical support for large spot industrial raw materials.

Executives

Chen Yong	Supervisors
Liao Rui Hao	Independent director
Zhou Yi Feng	Directors, executives
Lin Shao Han	Secretary, Director
Liu Dong Sheng	Independent director
Wang Yu Yue	Directors, executives
Yu Jing	Securities Affairs Representative
Huang Ze Jun	Executives
Ni Bao Zhu	Executives
Fan Yu Ren	Director

Hongda Xingye Co (SZSE:002002) Headlines

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