Hubei Xiangyuan New Material Technology Co (SZSE:300980) Debt-to-Equity : 0.48 (As of Sep. 2024)

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What is Hubei Xiangyuan New Material Technology Co Debt-to-Equity?

Hubei Xiangyuan New Material Technology Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was ¥42.1 Mil. Hubei Xiangyuan New Material Technology Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was ¥426.5 Mil. Hubei Xiangyuan New Material Technology Co's Total Stockholders Equity for the quarter that ended in Sep. 2024 was ¥968.3 Mil. Hubei Xiangyuan New Material Technology Co's debt to equity for the quarter that ended in Sep. 2024 was 0.48.

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 Hubei Xiangyuan New Material Technology Co's Debt-to-Equity or its related term are showing as below:

SZSE:300980' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.04 Med: 0.2 Max: 1.6
Current: 0.48

During the past 9 years, the highest Debt-to-Equity Ratio of Hubei Xiangyuan New Material Technology Co was 1.60. The lowest was 0.04. And the median was 0.20.

SZSE:300980's Debt-to-Equity is ranked worse than
59.5% of 1400 companies
in the Chemicals industry
Industry Median: 0.36 vs SZSE:300980: 0.48

Hubei Xiangyuan New Material Technology Co Debt-to-Equity Historical Data

The historical data trend for Hubei Xiangyuan New Material Technology 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.

Hubei Xiangyuan New Material Technology Co Debt-to-Equity Chart

Hubei Xiangyuan New Material Technology Co Annual Data

Trend

Dec13

Dec14

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.19

0.20

0.04

0.05

0.45

Hubei Xiangyuan New Material Technology Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Debt-to-Equity	Get a 7-Day Free Trial															0.44	0.45	0.45	0.47	0.48

Competitive Comparison of Hubei Xiangyuan New Material Technology Co's Debt-to-Equity

For the Specialty Chemicals subindustry, Hubei Xiangyuan New Material Technology 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.

Hubei Xiangyuan New Material Technology Co's Debt-to-Equity Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Hubei Xiangyuan New Material Technology Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Hubei Xiangyuan New Material Technology Co's Debt-to-Equity falls into.

Hubei Xiangyuan New Material Technology Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Hubei Xiangyuan New Material Technology 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
	=	(52.038	+	410.925)	/	1037.721
	=	0.45

Hubei Xiangyuan New Material Technology Co's Debt to Equity Ratio for the quarter that ended in Sep. 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
	=	(42.108	+	426.533)	/	968.269
	=	0.48

Hubei Xiangyuan New Material Technology Co (SZSE:300980) 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.

Hubei Xiangyuan New Material Technology Co Debt-to-Equity Related Terms

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Hubei Xiangyuan New Material Technology Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Hubei Xiangyuan New Material Technology Co Ltd (SZSE:300980) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Huayi Village, Economic Development Zone, Hubei Province, Hanchuan, CHN, 431600

Website

http://www.hbxyxc.com

Hubei Xiangyuan New Material Technology Co Ltd is engaged in the research and development, production and sales of polyolefin foam materials. It specializes in the production and sales of environmentally friendly cross-linked polyolefin foam and Polyurethane foam, the products sell well all over China and exported to five continents in the world.

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