Guangdong Modern High-Tech Fiber Co (SZSE:300876) Debt-to-Equity : 0.74 (As of Mar. 2024)

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What is Guangdong Modern High-Tech Fiber Co Debt-to-Equity?

Guangdong Modern High-Tech Fiber Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥332.3 Mil. Guangdong Modern High-Tech Fiber Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥317.1 Mil. Guangdong Modern High-Tech Fiber Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥878.5 Mil. Guangdong Modern High-Tech Fiber Co's debt to equity for the quarter that ended in Mar. 2024 was 0.74.

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 Guangdong Modern High-Tech Fiber Co's Debt-to-Equity or its related term are showing as below:

SZSE:300876' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.15 Max: 0.74
Current: 0.74

During the past 8 years, the highest Debt-to-Equity Ratio of Guangdong Modern High-Tech Fiber Co was 0.74. The lowest was 0.00. And the median was 0.15.

SZSE:300876's Debt-to-Equity is ranked worse than
66.13% of 939 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.44 vs SZSE:300876: 0.74

Guangdong Modern High-Tech Fiber Co Debt-to-Equity Historical Data

The historical data trend for Guangdong Modern High-Tech Fiber 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.

Guangdong Modern High-Tech Fiber Co Debt-to-Equity Chart

Guangdong Modern High-Tech Fiber Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.22

0.12

0.33

0.45

Guangdong Modern High-Tech Fiber Co Quarterly Data
	Dec18	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															0.32	0.44	0.46	0.45	0.74

Competitive Comparison of Guangdong Modern High-Tech Fiber Co's Debt-to-Equity

For the Textile Manufacturing subindustry, Guangdong Modern High-Tech Fiber 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.

Guangdong Modern High-Tech Fiber Co's Debt-to-Equity Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Guangdong Modern High-Tech Fiber Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Guangdong Modern High-Tech Fiber Co's Debt-to-Equity falls into.

Guangdong Modern High-Tech Fiber Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Guangdong Modern High-Tech Fiber 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
	=	(95.469	+	309.242)	/	896.15
	=	0.45

Guangdong Modern High-Tech Fiber 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
	=	(332.328	+	317.129)	/	878.499
	=	0.74

Guangdong Modern High-Tech Fiber Co (SZSE:300876) 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.

Guangdong Modern High-Tech Fiber Co Debt-to-Equity Related Terms

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Guangdong Modern High-Tech Fiber Co (SZSE:300876) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Guangdong Modern High-Tech Fiber Co Ltd (SZSE:300876) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

Xipian Industrial Zone, Jiedong City, Guangdong Province, Jieyang, CHN, 515500

Website

http://www.gdguangdong.com

Guangdong Modern High-Tech Fiber Co Ltd is engaged in production and sales of polypropylene fiber. The company's product categories include MODERNS PP Microfiber; Differential Fiber PP Yarn; PP intermingled FDY; PP Profiled Yarn; PP Twisted Yarn; PP BCF YARN; and PP ATY.

Executives

Zhu Shao Fen	Directors, executives
Zheng Xiao Yi	Executives

Guangdong Modern High-Tech Fiber Co (SZSE:300876) Headlines

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