Xiangtan Electrochemical Scientific Co (SZSE:002125) Debt-to-Equity : 0.49 (As of Mar. 2024)

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What is Xiangtan Electrochemical Scientific Co Debt-to-Equity?

Xiangtan Electrochemical Scientific Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥549 Mil. Xiangtan Electrochemical Scientific Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥824 Mil. Xiangtan Electrochemical Scientific Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥2,833 Mil. Xiangtan Electrochemical Scientific Co's debt to equity for the quarter that ended in Mar. 2024 was 0.48.

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 Xiangtan Electrochemical Scientific Co's Debt-to-Equity or its related term are showing as below:

SZSE:002125' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.32 Med: 0.77 Max: 1.26
Current: 0.49

During the past 13 years, the highest Debt-to-Equity Ratio of Xiangtan Electrochemical Scientific Co was 1.26. The lowest was 0.32. And the median was 0.77.

SZSE:002125's Debt-to-Equity is ranked worse than
60.55% of 1394 companies
in the Chemicals industry
Industry Median: 0.355 vs SZSE:002125: 0.49

Xiangtan Electrochemical Scientific Co Debt-to-Equity Historical Data

The historical data trend for Xiangtan Electrochemical Scientific 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.

Xiangtan Electrochemical Scientific Co Debt-to-Equity Chart

Xiangtan Electrochemical Scientific Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

1.22

0.76

0.78

0.66

0.53

Xiangtan Electrochemical Scientific Co Quarterly Data
	Jun19	Sep19	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															0.67	0.68	0.61	0.53	0.49

Competitive Comparison of Xiangtan Electrochemical Scientific Co's Debt-to-Equity

For the Chemicals subindustry, Xiangtan Electrochemical Scientific 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.

Xiangtan Electrochemical Scientific Co's Debt-to-Equity Distribution in the Chemicals Industry

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

* The bar in red indicates where Xiangtan Electrochemical Scientific Co's Debt-to-Equity falls into.

Xiangtan Electrochemical Scientific Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Xiangtan Electrochemical Scientific 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
	=	(678.099	+	784.174)	/	2783.742
	=	0.53

Xiangtan Electrochemical Scientific Co'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
	=	(549.24	+	824.17)	/	2833.013
	=	0.48

Xiangtan Electrochemical Scientific Co (SZSE:002125) 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.

Xiangtan Electrochemical Scientific Co Debt-to-Equity Related Terms

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Xiangtan Electrochemical Scientific Co (SZSE:002125) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Xiangtan Electrochemical Scientific Co Ltd (SZSE:002125) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

Heling Town, Yuhu District, Hunan Province, Xiangtan, CHN, 411131

Website

http://www.chinaemd.com

Xiangtan Electrochemical Scientific Co Ltd is engaged in research, development, production, and sales of manganese dioxide, electrolytic metal manganese, battery materials and other new energy materials. The company is also engaged in production and sales of steam, use of waste heat and pressure of steam to generate electricity; metal materials, lubricants, Sales of petroleum asphalt, chemical products, and building materials.

Executives

Wang Jiong	Supervisors
Ding Jian Qi	Director
Tan Xin Qiao	Directors, executives
Zhou Mi Qun	Supervisors
Zhou Jian	Supervisors

Xiangtan Electrochemical Scientific Co (SZSE:002125) Headlines

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