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Crystal Clear Electronic Material Co (SZSE:300655) Debt-to-Equity : 0.41 (As of Mar. 2024)


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What is Crystal Clear Electronic Material Co Debt-to-Equity?

Crystal Clear Electronic Material Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥419 Mil. Crystal Clear Electronic Material Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥676 Mil. Crystal Clear Electronic Material Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥2,692 Mil. Crystal Clear Electronic Material Co's debt to equity for the quarter that ended in Mar. 2024 was 0.41.

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 Crystal Clear Electronic Material Co's Debt-to-Equity or its related term are showing as below:

SZSE:300655' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.09   Med: 0.45   Max: 0.9
Current: 0.41

During the past 12 years, the highest Debt-to-Equity Ratio of Crystal Clear Electronic Material Co was 0.90. The lowest was 0.09. And the median was 0.45.

SZSE:300655's Debt-to-Equity is ranked worse than
54.66% of 1394 companies
in the Chemicals industry
Industry Median: 0.35 vs SZSE:300655: 0.41

Crystal Clear Electronic Material Co Debt-to-Equity Historical Data

The historical data trend for Crystal Clear Electronic Material 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.

Crystal Clear Electronic Material Co Debt-to-Equity Chart

Crystal Clear Electronic Material Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.80 0.30 0.49 0.44 0.44

Crystal Clear Electronic Material 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.46 0.48 0.52 0.44 0.41

Competitive Comparison of Crystal Clear Electronic Material Co's Debt-to-Equity

For the Specialty Chemicals subindustry, Crystal Clear Electronic Material 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.


Crystal Clear Electronic Material Co's Debt-to-Equity Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Crystal Clear Electronic Material Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Crystal Clear Electronic Material Co's Debt-to-Equity falls into.



Crystal Clear Electronic Material Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Crystal Clear Electronic Material Co's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Crystal Clear Electronic Material Co's Debt to Equity Ratio for the quarter that ended in Mar. 2024 is calculated as

* 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.


Crystal Clear Electronic Material Co  (SZSE:300655) 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.


Crystal Clear Electronic Material Co Debt-to-Equity Related Terms

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Crystal Clear Electronic Material Co (SZSE:300655) Business Description

Traded in Other Exchanges
N/A
Address
No.168, Shanfeng Road, Wuzhong Economic Development Zone, Suzhou, CHN, 215168
Suzhou Crystal Clear Chemical Co Ltd produces and sells ultra-purifying materials and other fine chemical products for the microelectronics industry. Its main products include ultra-clean high-purity reagents, photoresist materials, functional materials and lithium battery adhesives, among others. Its products are mainly used in the manufacturing of semiconductors, photovoltaic solar cells, light-emitting diodes (LEDs), and lithium batteries.

Crystal Clear Electronic Material Co (SZSE:300655) Headlines

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