Keshun Waterproof Technologies Co (SZSE:300737) Debt-to-Equity : 0.90 (As of Mar. 2024)

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What is Keshun Waterproof Technologies Co Debt-to-Equity?

Keshun Waterproof Technologies Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥1,716 Mil. Keshun Waterproof Technologies Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥2,811 Mil. Keshun Waterproof Technologies Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥5,045 Mil. Keshun Waterproof Technologies Co's debt to equity for the quarter that ended in Mar. 2024 was 0.90.

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 Keshun Waterproof Technologies Co's Debt-to-Equity or its related term are showing as below:

SZSE:300737' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.08 Med: 0.29 Max: 0.9
Current: 0.9

During the past 11 years, the highest Debt-to-Equity Ratio of Keshun Waterproof Technologies Co was 0.90. The lowest was 0.08. And the median was 0.29.

SZSE:300737's Debt-to-Equity is ranked worse than
81.82% of 1397 companies
in the Chemicals industry
Industry Median: 0.35 vs SZSE:300737: 0.90

Keshun Waterproof Technologies Co Debt-to-Equity Historical Data

The historical data trend for Keshun Waterproof Technologies 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.

Keshun Waterproof Technologies Co Debt-to-Equity Chart

Keshun Waterproof Technologies Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.19

0.22

0.31

0.43

0.87

Keshun Waterproof Technologies 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															0.47	0.61	0.84	0.87	0.90

Competitive Comparison of Keshun Waterproof Technologies Co's Debt-to-Equity

For the Chemicals subindustry, Keshun Waterproof Technologies 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.

Keshun Waterproof Technologies Co's Debt-to-Equity Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Keshun Waterproof Technologies Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Keshun Waterproof Technologies Co's Debt-to-Equity falls into.

Keshun Waterproof Technologies Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Keshun Waterproof Technologies 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
	=	(1855.88	+	2512.561)	/	5033.824
	=	0.87

Keshun Waterproof Technologies 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
	=	(1716.037	+	2811.408)	/	5045.267
	=	0.90

Keshun Waterproof Technologies Co (SZSE:300737) 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.

Keshun Waterproof Technologies Co Debt-to-Equity Related Terms

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Keshun Waterproof Technologies Co (SZSE:300737) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Keshun Waterproof Technologies Co Ltd (SZSE:300737) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

No. 38-1, Hongqi Zhong Road Industrial Zone, Ronggui, Shunde district, Guangdong Province, Foshan, CHN

Website

http://www.keshun.com.cn

Keshun Waterproof Technologies Co Ltd is engaged in the manufacture and sale of chemical products for building and infrastructure industries. The company offers several products including waterproof coating, bitumen membrane, adhesives, HDPE drainage boards, metal roofs, and any other chemicals. In addition, it also provides tile grout series, water resistance putty, and other auxiliary materials. The company exports its products to various countries such as Singapore, Malaysia, Australia, Philippines, and the United States of America.

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