Jiangsu Hongde Special Parts Co (SZSE:301163) Debt-to-Equity : 0.04 (As of Mar. 2024)

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What is Jiangsu Hongde Special Parts Co Debt-to-Equity?

Jiangsu Hongde Special Parts Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥42.5 Mil. Jiangsu Hongde Special Parts Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥0.0 Mil. Jiangsu Hongde Special Parts Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥1,121.8 Mil. Jiangsu Hongde Special Parts Co's debt to equity for the quarter that ended in Mar. 2024 was 0.04.

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 Jiangsu Hongde Special Parts Co's Debt-to-Equity or its related term are showing as below:

SZSE:301163' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.04 Med: 0.06 Max: 0.21
Current: 0.04

During the past 7 years, the highest Debt-to-Equity Ratio of Jiangsu Hongde Special Parts Co was 0.21. The lowest was 0.04. And the median was 0.06.

SZSE:301163's Debt-to-Equity is ranked better than
86.82% of 2617 companies
in the Industrial Products industry
Industry Median: 0.29 vs SZSE:301163: 0.04

Jiangsu Hongde Special Parts Co Debt-to-Equity Historical Data

The historical data trend for Jiangsu Hongde Special Parts 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.

Jiangsu Hongde Special Parts Co Debt-to-Equity Chart

Jiangsu Hongde Special Parts Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.10

0.06

0.12

0.04

Jiangsu Hongde Special Parts Co Quarterly Data
	Dec17	Dec18	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															0.07	0.06	0.06	0.04	0.04

Competitive Comparison of Jiangsu Hongde Special Parts Co's Debt-to-Equity

For the Metal Fabrication subindustry, Jiangsu Hongde Special Parts 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.

Jiangsu Hongde Special Parts Co's Debt-to-Equity Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Jiangsu Hongde Special Parts Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Jiangsu Hongde Special Parts Co's Debt-to-Equity falls into.

Jiangsu Hongde Special Parts Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Jiangsu Hongde Special Parts 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
	=	(40.027	+	0)	/	1111.233
	=	0.04

Jiangsu Hongde Special Parts 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
	=	(42.5	+	0)	/	1121.834
	=	0.04

Jiangsu Hongde Special Parts Co (SZSE:301163) 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.

Jiangsu Hongde Special Parts Co Debt-to-Equity Related Terms

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Jiangsu Hongde Special Parts Co (SZSE:301163) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Jiangsu Hongde Special Parts Co Ltd (SZSE:301163) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

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Address

Group 4, Qiqiao Village, Xingren Town, Tongzhou District, Jiangsu Province, Nantong, CHN, 226352

Website

http://www.nt-casting.com

Jiangsu Hongde Special Parts Co Ltd develops and produces cast iron products and cast aluminum products. The company mainly produces key castings for wind power, pumps and valves, key parts of medical equipment CT machines and other castings and machining and other varieties.

Executives

Chen Li Xin

Supervisors

Jiangsu Hongde Special Parts Co (SZSE:301163) Headlines

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