Grandit Co (SHSE:688549) Debt-to-Equity : 0.06 (As of Mar. 2024)

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What is Grandit Co Debt-to-Equity?

Grandit Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥96.7 Mil. Grandit Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥87.1 Mil. Grandit Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥3,043.4 Mil. Grandit Co's debt to equity for the quarter that ended in Mar. 2024 was 0.06.

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

SHSE:688549' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.06 Max: 0.29
Current: 0.06

During the past 6 years, the highest Debt-to-Equity Ratio of Grandit Co was 0.29. The lowest was 0.01. And the median was 0.06.

SHSE:688549's Debt-to-Equity is ranked better than
84.43% of 1394 companies
in the Chemicals industry
Industry Median: 0.355 vs SHSE:688549: 0.06

Grandit Co Debt-to-Equity Historical Data

The historical data trend for Grandit 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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Grandit Co Debt-to-Equity Chart

Grandit Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.01

0.23

0.04

Grandit Co Quarterly Data
	Dec18	Dec19	Dec20	Mar21	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial										-	0.29	0.07	0.04	0.06

Competitive Comparison of Grandit Co's Debt-to-Equity

For the Specialty Chemicals subindustry, Grandit 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.

Grandit Co's Debt-to-Equity Distribution in the Chemicals Industry

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

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

Grandit Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Grandit 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
	=	(57.388	+	71.787)	/	3030.524
	=	0.04

Grandit 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
	=	(96.671	+	87.094)	/	3043.352
	=	0.06

Grandit Co (SHSE:688549) 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.

Grandit Co Debt-to-Equity Related Terms

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Grandit Co (SHSE:688549) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Grandit Co Ltd (SHSE:688549) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Southeast Times City, Room 857, Building 3, Zhejiang, Quzhou, CHN, 324004

Website

https://www.grandit.com.cn

Grandit Co Ltd focuses on the research & development, production and sales of electronic chemical materials required by the semiconductor industry such as integrated circuits and display panels. The company's business has covered three major business segments: electronic wet chemicals, electronic specialty gases and precursor materials.

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