Renxin New Material Co (SZSE:301395) Debt-to-Equity : 0.00 (As of Mar. 2024)

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What is Renxin New Material Co Debt-to-Equity?

Renxin New Material Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥2 Mil. Renxin New Material Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥0 Mil. Renxin New Material Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥1,666 Mil. Renxin New Material Co's debt to equity for the quarter that ended in Mar. 2024 was 0.00.

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

During the past 8 years, the highest Debt-to-Equity Ratio of Renxin New Material Co was 2.30. The lowest was 0.00. And the median was 0.01.

SZSE:301395's Debt-to-Equity is not ranked ^*
in the Chemicals industry.
Industry Median: 0.36
* Ranked among companies with meaningful Debt-to-Equity only.

Renxin New Material Co Debt-to-Equity Historical Data

The historical data trend for Renxin New Material 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.

Renxin New Material Co Debt-to-Equity Chart

Renxin New Material Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.02

0.01

Renxin New Material Co Quarterly Data
	Dec16	Dec17	Dec18	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial														0.01	-	-	-	-

Competitive Comparison of Renxin New Material Co's Debt-to-Equity

For the Chemicals subindustry, Renxin New Material 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.

Renxin New Material Co's Debt-to-Equity Distribution in the Chemicals Industry

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

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

Renxin New Material Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Renxin New Material 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
	=	(2.535	+	0.067)	/	1657.663
	=	0.00

Renxin New Material 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
	=	(1.98	+	0)	/	1665.984
	=	0.00

Renxin New Material Co (SZSE:301395) 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.

Renxin New Material Co Debt-to-Equity Related Terms

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Renxin New Material Co (SZSE:301395) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Renxin New Material Co Ltd (SZSE:301395) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

No. 28, Xiayong Petrochemical Avenue Middle, Daya Bay, Guangdong, Huizhou, CHN, 516082

Website

http://www.hzrxnm.com

Renxin New Material Co Ltd is specialized in polystyrene high Research and development, production and sales of molecular new materials (polystyrene). The main products of Renxin New Materials have been highly recognized by downstream enterprises and established a good market image and brand awareness.

Renxin New Material Co (SZSE:301395) Headlines

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