Nanjing Baose Co (SZSE:300402) Debt-to-Equity : 0.14 (As of Dec. 2024)

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What is Nanjing Baose Co Debt-to-Equity?

Nanjing Baose Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2024 was ¥24 Mil. Nanjing Baose Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2024 was ¥181 Mil. Nanjing Baose Co's Total Stockholders Equity for the quarter that ended in Dec. 2024 was ¥1,462 Mil. Nanjing Baose Co's debt to equity for the quarter that ended in Dec. 2024 was 0.14.

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

SZSE:300402' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.14 Med: 0.47 Max: 0.74
Current: 0.14

During the past 13 years, the highest Debt-to-Equity Ratio of Nanjing Baose Co was 0.74. The lowest was 0.14. And the median was 0.47.

SZSE:300402's Debt-to-Equity is ranked better than
67.45% of 2608 companies
in the Industrial Products industry
Industry Median: 0.28 vs SZSE:300402: 0.14

Nanjing Baose Co Debt-to-Equity Historical Data

The historical data trend for Nanjing Baose 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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Nanjing Baose Co Debt-to-Equity Chart

Nanjing Baose Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Debt-to-Equity

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0.44

0.71

0.74

0.27

0.14

Nanjing Baose Co Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Debt-to-Equity	Get a 7-Day Free Trial															0.27	0.23	0.17	0.13	0.14

Competitive Comparison of Nanjing Baose Co's Debt-to-Equity

For the Specialty Industrial Machinery subindustry, Nanjing Baose 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.

Nanjing Baose Co's Debt-to-Equity Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Nanjing Baose Co's Debt-to-Equity distribution charts can be found below:

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

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Nanjing Baose Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Nanjing Baose 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
	=	(24.415	+	180.645)	/	1461.651
	=	0.14

Nanjing Baose Co's Debt to Equity Ratio for the quarter 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
	=	(24.415	+	180.645)	/	1461.651
	=	0.14

Nanjing Baose Co (SZSE:300402) 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.

Nanjing Baose Co Debt-to-Equity Related Terms

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Nanjing Baose Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Nanjing Baose Co Ltd (SZSE:300402) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.15 Jingming Street, Jiangning Binjiang Economic Development Zone, Jiangsu Province, Nanjing, CHN, 211178

Website

https://www.baose.com

Nanjing Baose Co Ltd is a supplier of large-scale special materials and non-standard equipment. It is mainly engaged in non-ferrous metals such as titanium, nickel, zirconium, niobium and copper and their alloys. It develops, designs, manufactures, install non-standard pressure vessels from special materials such as high-grade stainless steel and metal composite materials, and welding pressure of non-ferrous metals. The company's main products include heat exchangers, towers, reactors and other special non-standard pressure vessels and pipe fittings, mainly used in chemical, metallurgical, Electric power, energy, military, marine engineering, shipbuilding and environmental protection industries.

Executives

Cao Xian Bo	Supervisors
Jiang Jian Hua	Independent director

Nanjing Baose Co Headlines

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