Ningxia Buliding Materials Group Co (SHSE:600449) Debt-to-Equity : 0.17 (As of Mar. 2024)

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What is Ningxia Buliding Materials Group Co Debt-to-Equity?

Ningxia Buliding Materials Group Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥793 Mil. Ningxia Buliding Materials Group Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥382 Mil. Ningxia Buliding Materials Group Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥7,131 Mil. Ningxia Buliding Materials Group Co's debt to equity for the quarter that ended in Mar. 2024 was 0.16.

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 Ningxia Buliding Materials Group Co's Debt-to-Equity or its related term are showing as below:

SHSE:600449' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.05 Med: 0.17 Max: 0.53
Current: 0.17

During the past 13 years, the highest Debt-to-Equity Ratio of Ningxia Buliding Materials Group Co was 0.53. The lowest was 0.05. And the median was 0.17.

SHSE:600449's Debt-to-Equity is ranked better than
72.52% of 353 companies
in the Building Materials industry
Industry Median: 0.39 vs SHSE:600449: 0.17

Ningxia Buliding Materials Group Co Debt-to-Equity Historical Data

The historical data trend for Ningxia Buliding Materials 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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Ningxia Buliding Materials Group Co Debt-to-Equity Chart

Ningxia Buliding Materials Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.09

0.07

0.06

0.13

Ningxia Buliding Materials 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															0.11	0.13	0.10	0.13	0.17

Competitive Comparison of Ningxia Buliding Materials Group Co's Debt-to-Equity

For the Building Materials subindustry, Ningxia Buliding Materials 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.

Ningxia Buliding Materials Group Co's Debt-to-Equity Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, Ningxia Buliding Materials Group Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Ningxia Buliding Materials Group Co's Debt-to-Equity falls into.

Ningxia Buliding Materials Group Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Ningxia Buliding Materials 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
	=	(466.49	+	444.73)	/	7145.214
	=	0.13

Ningxia Buliding Materials 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
	=	(792.561	+	382.178)	/	7130.91
	=	0.16

Ningxia Buliding Materials Group Co (SHSE:600449) 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.

Ningxia Buliding Materials Group Co Debt-to-Equity Related Terms

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Ningxia Buliding Materials Group Co (SHSE:600449) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Ningxia Buliding Materials Group Co Ltd (SHSE:600449) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

2 kilometers from Xinxiao Line, Ningxia Hui Autonomous Region, Xixia District, Yinchuan, CHN, 750021

Website

http://www.saimasy.com.cn

Ningxia Building Materials Group Co Ltd is engaged in research and development, production, sales, technical services and management services of cement, cement products, cement clinker, commercial concrete and related products. The company also engaged in import and export business of building materials products and related technology import and export business Production and sales of fly ash.

Ningxia Buliding Materials Group Co (SHSE:600449) Headlines

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