Zhejiang Jiuli Hi-Tech Metals Co (SZSE:002318) Debt-to-Equity : 0.13 (As of Mar. 2024)

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What is Zhejiang Jiuli Hi-Tech Metals Co Debt-to-Equity?

Zhejiang Jiuli Hi-Tech Metals Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥842 Mil. Zhejiang Jiuli Hi-Tech Metals Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥82 Mil. Zhejiang Jiuli Hi-Tech Metals Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥7,350 Mil. Zhejiang Jiuli Hi-Tech Metals Co's debt to equity for the quarter that ended in Mar. 2024 was 0.13.

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 Zhejiang Jiuli Hi-Tech Metals Co's Debt-to-Equity or its related term are showing as below:

SZSE:002318' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.03 Med: 0.16 Max: 0.41
Current: 0.13

During the past 13 years, the highest Debt-to-Equity Ratio of Zhejiang Jiuli Hi-Tech Metals Co was 0.41. The lowest was 0.03. And the median was 0.16.

SZSE:002318's Debt-to-Equity is ranked better than
80.11% of 553 companies
in the Steel industry
Industry Median: 0.43 vs SZSE:002318: 0.13

Zhejiang Jiuli Hi-Tech Metals Co Debt-to-Equity Historical Data

The historical data trend for Zhejiang Jiuli Hi-Tech Metals 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.

Zhejiang Jiuli Hi-Tech Metals Co Debt-to-Equity Chart

Zhejiang Jiuli Hi-Tech Metals Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.28

0.05

0.10

0.13

Zhejiang Jiuli Hi-Tech Metals 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															0.13	0.16	0.17	0.13	0.13

Competitive Comparison of Zhejiang Jiuli Hi-Tech Metals Co's Debt-to-Equity

For the Steel subindustry, Zhejiang Jiuli Hi-Tech Metals 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.

Zhejiang Jiuli Hi-Tech Metals Co's Debt-to-Equity Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Zhejiang Jiuli Hi-Tech Metals Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Zhejiang Jiuli Hi-Tech Metals Co's Debt-to-Equity falls into.

Zhejiang Jiuli Hi-Tech Metals Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Zhejiang Jiuli Hi-Tech Metals 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
	=	(876.953	+	67.964)	/	7244.416
	=	0.13

Zhejiang Jiuli Hi-Tech Metals 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
	=	(841.667	+	81.564)	/	7350.235
	=	0.13

Zhejiang Jiuli Hi-Tech Metals Co (SZSE:002318) 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.

Zhejiang Jiuli Hi-Tech Metals Co Debt-to-Equity Related Terms

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Zhejiang Jiuli Hi-Tech Metals Co (SZSE:002318) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Zhejiang Jiuli Hi-Tech Metals Co Ltd (SZSE:002318) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

Zhenxi, Shuanglin Town, Zhejiang Province, Huzhou, CHN, 313012

Website

http://www.jiuli.com

Zhejiang Jiuli Hi-Tech Metals Co Ltd is a manufacturer of stainless steel. It serves civil nuclear power, electric power, oil and gas exploration, refinery, chemical and fine chemical, coal chemical, offshore engineering and shipbuilding and others.

Executives

Wang Zhang Cheng	Directors, executives
Li Zheng Zhou	Director
Yang Pei Fen	Directors, executives
Cai Li Ming	Director
Xu A Min	Directors, executives
Zhou Zhi Jiang	Director
Zheng Jie Ying	Directors, executives, representatives of securiti
Shen Xiao Gang	Supervisors
Zhang Yu Xu	Director
Su Cheng	Executives
Cai Xing Qiang	Director
Xu Wen Xin	Supervisors
Zhang Jian Xin	Director
Chen Pei Liang	Directors, executives

Zhejiang Jiuli Hi-Tech Metals Co (SZSE:002318) Headlines

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