JiangSu JiuWu Hi-Tech Co (SZSE:300631) Debt-to-Equity : 0.09 (As of Mar. 2024)

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What is JiangSu JiuWu Hi-Tech Co Debt-to-Equity?

JiangSu JiuWu Hi-Tech Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥90.1 Mil. JiangSu JiuWu Hi-Tech Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥12.7 Mil. JiangSu JiuWu Hi-Tech Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥1,211.0 Mil. JiangSu JiuWu Hi-Tech Co's debt to equity for the quarter that ended in Mar. 2024 was 0.08.

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 JiangSu JiuWu Hi-Tech Co's Debt-to-Equity or its related term are showing as below:

SZSE:300631' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.09 Max: 0.41
Current: 0.09

During the past 13 years, the highest Debt-to-Equity Ratio of JiangSu JiuWu Hi-Tech Co was 0.41. The lowest was 0.01. And the median was 0.09.

SZSE:300631's Debt-to-Equity is ranked better than
76.26% of 2629 companies
in the Industrial Products industry
Industry Median: 0.29 vs SZSE:300631: 0.09

JiangSu JiuWu Hi-Tech Co Debt-to-Equity Historical Data

The historical data trend for JiangSu JiuWu Hi-Tech 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.

JiangSu JiuWu Hi-Tech Co Debt-to-Equity Chart

JiangSu JiuWu Hi-Tech Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.41

0.27

0.01

0.07

JiangSu JiuWu Hi-Tech 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															0.04	0.05	0.09	0.07	0.09

Competitive Comparison of JiangSu JiuWu Hi-Tech Co's Debt-to-Equity

For the Metal Fabrication subindustry, JiangSu JiuWu Hi-Tech 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.

JiangSu JiuWu Hi-Tech Co's Debt-to-Equity Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, JiangSu JiuWu Hi-Tech Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where JiangSu JiuWu Hi-Tech Co's Debt-to-Equity falls into.

JiangSu JiuWu Hi-Tech Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

JiangSu JiuWu Hi-Tech 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
	=	(70.163	+	13.648)	/	1219.884
	=	0.07

JiangSu JiuWu Hi-Tech 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
	=	(90.138	+	12.739)	/	1211.02
	=	0.08

JiangSu JiuWu Hi-Tech Co (SZSE:300631) 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.

JiangSu JiuWu Hi-Tech Co Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of JiangSu JiuWu Hi-Tech Co's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

JiangSu JiuWu Hi-Tech Co (SZSE:300631) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » JiangSu JiuWu Hi-Tech Co Ltd (SZSE:300631) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 9 Huqiao East Road, Jiangpu Sub District, Pukou District, Nanjing City, CHN, 211808

Website

http://www.jiuwu.com

JiangSu JiuWu Hi-Tech Co Ltd is engaged in the research and development and application of membrane separation technology. Its products include organic membranes, ceramic and organic membrane modules, membrane pilot machines, and skid-mounted devices. The company's products and technologies have been widely used in chlor-alkali chemical brine refining, petrochemical membrane catalytic reaction, coal chemical oil and water separation, purification of fine chemical products, antibiotics, and other biological products.

Executives

Jin Xin Lei	Executives
Pan Suo Liang	Executives
Cheng Heng	Directors, Directors, and Executives
Wei Xu	Executives
Wang Xiao Hu	Executives
Yang Ji Heng	Executives
Liu Fei	Director
Fang Qiu	Executives
Sun Jian	Director
Dang Jian Bing	Director

JiangSu JiuWu Hi-Tech Co (SZSE:300631) Headlines

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