Chongqingnsheng Industrial Co (SZSE:002742) Debt-to-Equity : 3.45 (As of Mar. 2024)

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What is Chongqingnsheng Industrial Co Debt-to-Equity?

Chongqingnsheng Industrial Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥1,065 Mil. Chongqingnsheng Industrial Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥0 Mil. Chongqingnsheng Industrial Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥309 Mil. Chongqingnsheng Industrial Co's debt to equity for the quarter that ended in Mar. 2024 was 3.45.

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

SZSE:002742' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.29 Med: 0.95 Max: 3.45
Current: 3.45

During the past 13 years, the highest Debt-to-Equity Ratio of Chongqingnsheng Industrial Co was 3.45. The lowest was 0.29. And the median was 0.95.

SZSE:002742's Debt-to-Equity is ranked worse than
98.02% of 353 companies
in the Building Materials industry
Industry Median: 0.38 vs SZSE:002742: 3.45

Chongqingnsheng Industrial Co Debt-to-Equity Historical Data

The historical data trend for Chongqingnsheng Industrial 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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Chongqingnsheng Industrial Co Debt-to-Equity Chart

Chongqingnsheng Industrial Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.94

0.78

0.95

1.38

3.11

Chongqingnsheng Industrial 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															1.44	1.57	1.64	3.11	3.45

Competitive Comparison of Chongqingnsheng Industrial Co's Debt-to-Equity

For the Building Materials subindustry, Chongqingnsheng Industrial 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.

Chongqingnsheng Industrial Co's Debt-to-Equity Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, Chongqingnsheng Industrial Co's Debt-to-Equity distribution charts can be found below:

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

Chongqingnsheng Industrial Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Chongqingnsheng Industrial 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
	=	(1075.351	+	0)	/	345.288
	=	3.11

Chongqingnsheng Industrial 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
	=	(1064.771	+	0)	/	308.892
	=	3.45

Chongqingnsheng Industrial Co (SZSE:002742) 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.

Chongqingnsheng Industrial Co Debt-to-Equity Related Terms

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Chongqingnsheng Industrial Co (SZSE:002742) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Chongqing Sansheng Industrial Co Ltd (SZSE:002742) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

Sansheng Town Street, Beibei District, Chongqing, CHN, 400718

Website

http://www.cqssgf.com

Chongqing Sansheng Industrial Co Ltd is engaged in concrete and chemical business. It covers the utilization of gypsum formed based on new environmentally friendly building materials and sulfuric acid, sulfur chemical research and development, production and sales. Its products include building materials and chemicals sector products which are commercial concrete, water reducing agent, expansion agent and sulfuric acid. The company's products used in industrial and civil buildings, highways, railways, bridges, tunnels, airports, water conservancy, and hydropower; sulfuric acid.

Executives

Pan Cheng Gong	Directors, executives
Hao Ting Yan	Director
Yang Zhi Yun	Executives
Pan Xian Wen	Director
Qian Jue Shi	Independent director
Zhang Zhi Qiang	Directors, executives
Li Wei	Executives
Fan Yu Jin	Executives
Yang Xing Zhi	Director
Pan Jing Kun	Director
Yang Min	Supervisors

Chongqingnsheng Industrial Co (SZSE:002742) Headlines

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