Shandong Tongda Island New Materials Co (SZSE:300321) Debt-to-Equity : 0.00 (As of Mar. 2025)

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What is Shandong Tongda Island New Materials Co Debt-to-Equity?

Shandong Tongda Island New Materials Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2025 was ¥0.0 Mil. Shandong Tongda Island New Materials Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2025 was ¥0.0 Mil. Shandong Tongda Island New Materials Co's Total Stockholders Equity for the quarter that ended in Mar. 2025 was ¥629.4 Mil. Shandong Tongda Island New Materials Co's debt to equity for the quarter that ended in Mar. 2025 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 Shandong Tongda Island New Materials Co's Debt-to-Equity or its related term are showing as below:

During the past 13 years, the highest Debt-to-Equity Ratio of Shandong Tongda Island New Materials Co was 0.07. The lowest was 0.00. And the median was 0.02.

SZSE:300321's Debt-to-Equity is not ranked ^*
in the Manufacturing - Apparel & Accessories industry.
Industry Median: 0.42
* Ranked among companies with meaningful Debt-to-Equity only.

Shandong Tongda Island New Materials Co Debt-to-Equity Historical Data

The historical data trend for Shandong Tongda Island New Materials 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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Shandong Tongda Island New Materials Co Debt-to-Equity Chart

Shandong Tongda Island New Materials Co Annual Data

Trend

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Debt-to-Equity

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Shandong Tongda Island New Materials Co Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
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Competitive Comparison of Shandong Tongda Island New Materials Co's Debt-to-Equity

For the Footwear & Accessories subindustry, Shandong Tongda Island New Materials 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.

Shandong Tongda Island New Materials Co's Debt-to-Equity Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Shandong Tongda Island New Materials Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Shandong Tongda Island New Materials Co's Debt-to-Equity falls into.

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Shandong Tongda Island New Materials Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Shandong Tongda Island New Materials Co's Debt to Equity Ratio for the fiscal year that ended in Dec. 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)	/	626.546
	=	0.00

Shandong Tongda Island New Materials Co's Debt to Equity Ratio for the quarter that ended in Mar. 2025 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)	/	629.439
	=	0.00

Shandong Tongda Island New Materials Co (SZSE:300321) 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.

Shandong Tongda Island New Materials Co Debt-to-Equity Related Terms

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Shandong Tongda Island New Materials Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Shandong Tongda Island New Materials Co Ltd (SZSE:300321) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 522, Tongda Street, Shandong Province, Changyi City, CHN, 261300

Website

https://www.td300321.com

Shandong Tongda Island New Materials Co Ltd is engaged in production and sales of microfiber base fabric, microfiber smooth leather, microfiber suede leather, apparel fabrics and accessories. The products of the company can be used for footwear, furniture accessories, sporting goods and automobiles.

Executives

Xu Xu Ri	Directors, executives
Xu Yan Feng	Director
Li Yan Xia	Directors, executives
Zhang Sha	Secretary, Director
Wei Zeng Bao	Director
Zhang Tong	Executives
Kou Xiang Dong	Director
Wang Le Zhi	Directors, executives
Zheng Yong Gui	Directors, executives
Jiang Hao Xiong	Director

Shandong Tongda Island New Materials Co Headlines

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