FSPG Hi-Tech Co (SZSE:000973) Debt-to-Equity : 0.22 (As of Mar. 2024)

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What is FSPG Hi-Tech Co Debt-to-Equity?

FSPG Hi-Tech Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥327 Mil. FSPG Hi-Tech Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥300 Mil. FSPG Hi-Tech Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥2,835 Mil. FSPG Hi-Tech Co's debt to equity for the quarter that ended in Mar. 2024 was 0.22.

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

SZSE:000973' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.2 Med: 0.49 Max: 0.91
Current: 0.22

During the past 13 years, the highest Debt-to-Equity Ratio of FSPG Hi-Tech Co was 0.91. The lowest was 0.20. And the median was 0.49.

SZSE:000973's Debt-to-Equity is ranked better than
63.16% of 1387 companies
in the Chemicals industry
Industry Median: 0.36 vs SZSE:000973: 0.22

FSPG Hi-Tech Co Debt-to-Equity Historical Data

The historical data trend for FSPG Hi-Tech 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.

FSPG Hi-Tech Co Debt-to-Equity Chart

FSPG Hi-Tech Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.40

0.31

0.27

0.30

0.20

FSPG Hi-Tech 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															0.25	0.26	0.20	0.20	0.22

Competitive Comparison of FSPG Hi-Tech Co's Debt-to-Equity

For the Chemicals subindustry, FSPG Hi-Tech 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.

FSPG Hi-Tech Co's Debt-to-Equity Distribution in the Chemicals Industry

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

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

FSPG Hi-Tech Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

FSPG Hi-Tech 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
	=	(269.285	+	299.216)	/	2816.578
	=	0.20

FSPG Hi-Tech 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
	=	(326.717	+	300.326)	/	2834.737
	=	0.22

FSPG Hi-Tech Co (SZSE:000973) 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.

FSPG Hi-Tech Co Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of FSPG Hi-Tech Co's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

FSPG Hi-Tech Co (SZSE:000973) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » FSPG Hi-Tech Co Ltd (SZSE:000973) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

72 Fenjiang Zhong Road, Chancheng District, Foshan, CHN, 528000

Website

http://www.foshan-plastic.com

FSPG Hi-Tech Co Ltd is a China-based company primarily engaged in the research and development, production and sale of new energy, new materials, energy saving technologies and environmental protection products. The company offers Packaging materials, such as BOPA, BOPP drinking straw and cigarette packaging materials, and laminated AL films; Electric and optical materials, such as BOPP capacitor and polarizer films; Construction materials comprising woven fabrics and PE-Xc pipes; Personal Healthcare & Clothing Material such as PE Casting Embossed Film and EasyTexTM and Advertisement & Labeling Material includes PVC Film For Graphics Use. Geographically the operations are carried out through China.

Executives

Huang Bing Di	Directors, executives
Wang Lei	Executives
Wang Yu Hong	Supervisors
Xu Yong	Director
Li Man Li	Executives
Feng Zhao Zheng	Director
Tao Luo Cheng	Executives
Zhou Zhi Hui	Executives
Liu Ya Jun	Executives
Wu Yao Gen	Director
Luo Han Jun	Directors, executives
Lv Sen	Executives

FSPG Hi-Tech Co (SZSE:000973) Headlines

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