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Zhejiang Chang'an Renheng Technology Co (HKSE:08139) Debt-to-Revenue : 0.66 (As of Dec. 2023)


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What is Zhejiang Chang'an Renheng Technology Co Debt-to-Revenue?

Debt-to-Revenue measures a company's ability to pay off its debt.

Zhejiang Chang'an Renheng Technology Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$98.6 Mil. Zhejiang Chang'an Renheng Technology Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$23.3 Mil. Zhejiang Chang'an Renheng Technology Co's annualized Revenue for the quarter that ended in Dec. 2023 was HK$183.8 Mil. Zhejiang Chang'an Renheng Technology Co's annualized Debt-to-Revenue for the quarter that ended in Dec. 2023 was 0.66.


Zhejiang Chang'an Renheng Technology Co Debt-to-Revenue Historical Data

The historical data trend for Zhejiang Chang'an Renheng Technology Co's Debt-to-Revenue 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.

Zhejiang Chang'an Renheng Technology Co Debt-to-Revenue Chart

Zhejiang Chang'an Renheng Technology Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-Revenue
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.84 0.78 0.65 0.80 0.69

Zhejiang Chang'an Renheng Technology Co Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Debt-to-Revenue Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.74 - 0.72 - 0.66

Competitive Comparison of Zhejiang Chang'an Renheng Technology Co's Debt-to-Revenue

For the Chemicals subindustry, Zhejiang Chang'an Renheng Technology Co's Debt-to-Revenue, along with its competitors' market caps and Debt-to-Revenue 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.


Zhejiang Chang'an Renheng Technology Co's Debt-to-Revenue Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Zhejiang Chang'an Renheng Technology Co's Debt-to-Revenue distribution charts can be found below:

* The bar in red indicates where Zhejiang Chang'an Renheng Technology Co's Debt-to-Revenue falls into.



Zhejiang Chang'an Renheng Technology Co Debt-to-Revenue Calculation

Debt-to-Revenue measures a company's ability to pay off its debt.

Zhejiang Chang'an Renheng Technology Co's Debt-to-Revenue for the fiscal year that ended in Dec. 2023 is calculated as

Debt-to-Revenue=Total Debt / Revenue
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Revenue
=(98.638 + 23.315) / 177.496
=0.69

Zhejiang Chang'an Renheng Technology Co's annualized Debt-to-Revenue for the quarter that ended in Dec. 2023 is calculated as

Debt-to-Revenue=Total Debt / Revenue
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Revenue
=(98.638 + 23.315) / 183.764
=0.66

* 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.

In the calculation of annual Debt-to-Revenue, the Revenue of the last fiscal year is used. In calculating the annualized quarterly data, the Revenue data used here is four times the quarterly (Dec. 2023) Revenue data.


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Zhejiang Chang'an Renheng Technology Co (HKSE:08139) Business Description

Traded in Other Exchanges
N/A
Address
Laoya Tang, Si’an Town, Zhejiang Province, Changxing, CHN
Zhejiang Chang'an Renheng Technology Co Ltd is principally engaged in the business of development, production, and sale of bentonite fine chemicals in China. It uses bentonite as its basic raw material to manufacture paper chemicals, organic bentonite, inorganic gel, bentonite for metallurgy pellets, quality calcium-bentonite, and other products. The majority of its revenue comes from the papermaking chemicals series.

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