Hynar Water Group Co (SZSE:300961) Debt-to-Equity : 0.96 (As of Mar. 2024)

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What is Hynar Water Group Co Debt-to-Equity?

Hynar Water Group Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥421.1 Mil. Hynar Water Group Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥542.3 Mil. Hynar Water Group Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥1,006.8 Mil. Hynar Water Group Co's debt to equity for the quarter that ended in Mar. 2024 was 0.96.

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 Hynar Water Group Co's Debt-to-Equity or its related term are showing as below:

SZSE:300961' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.21 Med: 0.77 Max: 0.98
Current: 0.96

During the past 8 years, the highest Debt-to-Equity Ratio of Hynar Water Group Co was 0.98. The lowest was 0.21. And the median was 0.77.

SZSE:300961's Debt-to-Equity is ranked worse than
53.31% of 484 companies
in the Utilities - Regulated industry
Industry Median: 0.86 vs SZSE:300961: 0.96

Hynar Water Group Co Debt-to-Equity Historical Data

The historical data trend for Hynar Water Group 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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Hynar Water Group Co Debt-to-Equity Chart

Hynar Water Group Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.24

0.50

0.77

0.80

0.98

Hynar Water Group 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															0.90	0.96	0.98	0.98	0.96

Competitive Comparison of Hynar Water Group Co's Debt-to-Equity

For the Utilities - Regulated Water subindustry, Hynar Water Group 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.

Hynar Water Group Co's Debt-to-Equity Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Hynar Water Group Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Hynar Water Group Co's Debt-to-Equity falls into.

Hynar Water Group Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Hynar Water Group 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
	=	(421.543	+	563.853)	/	1005.464
	=	0.98

Hynar Water Group 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
	=	(421.057	+	542.258)	/	1006.828
	=	0.96

Hynar Water Group Co (SZSE:300961) 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.

Hynar Water Group Co Debt-to-Equity Related Terms

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Hynar Water Group Co (SZSE:300961) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Hynar Water Group Co Ltd (SZSE:300961) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 3033, Nanhai Avenue, Nantou Street, 9th Floor, Nanshan Building, Water Affairs Group, Nanshan District, Guangdong Province, Shenzhen, CHN, 518052

Website

https://www.hainawater.com

Hynar Water Group Co Ltd is an innovative comprehensive service provider in the field of water ecological environment. It focuses on environmental protection water services such as industrial wastewater treatment and high-quality water supply. It provides high-concentration, refractory industrial wastewater treatment services for the pharmaceutical, printing and dyeing, chemical and other industries.

Executives

Yu Zhi Bo

Executives

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