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Beijing Lier High-Temperature Materials Co (SZSE:002392) Debt-to-Equity : 0.06 (As of Mar. 2024)


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What is Beijing Lier High-Temperature Materials Co Debt-to-Equity?

Beijing Lier High-Temperature Materials Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥302 Mil. Beijing Lier High-Temperature Materials Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥0 Mil. Beijing Lier High-Temperature Materials Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥5,316 Mil. Beijing Lier High-Temperature Materials 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 Beijing Lier High-Temperature Materials Co's Debt-to-Equity or its related term are showing as below:

SZSE:002392' s Debt-to-Equity Range Over the Past 10 Years
Min: 0   Med: 0.04   Max: 0.26
Current: 0.06

During the past 13 years, the highest Debt-to-Equity Ratio of Beijing Lier High-Temperature Materials Co was 0.26. The lowest was 0.00. And the median was 0.04.

SZSE:002392's Debt-to-Equity is ranked better than
81.63% of 2629 companies
in the Industrial Products industry
Industry Median: 0.29 vs SZSE:002392: 0.06

Beijing Lier High-Temperature Materials Co Debt-to-Equity Historical Data

The historical data trend for Beijing Lier High-Temperature Materials 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.

Beijing Lier High-Temperature Materials Co Debt-to-Equity Chart

Beijing Lier High-Temperature Materials Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.01 0.02 0.02 0.01 0.06

Beijing Lier High-Temperature Materials 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 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 0.01 0.01 0.01 0.06 0.06

Competitive Comparison of Beijing Lier High-Temperature Materials Co's Debt-to-Equity

For the Metal Fabrication subindustry, Beijing Lier High-Temperature Materials 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.


Beijing Lier High-Temperature Materials Co's Debt-to-Equity Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Beijing Lier High-Temperature Materials Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Beijing Lier High-Temperature Materials Co's Debt-to-Equity falls into.



Beijing Lier High-Temperature Materials Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Beijing Lier High-Temperature Materials Co's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Beijing Lier High-Temperature Materials Co's Debt to Equity Ratio for the quarter that ended in Mar. 2024 is calculated as

* 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.


Beijing Lier High-Temperature Materials Co  (SZSE:002392) 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.


Beijing Lier High-Temperature Materials Co Debt-to-Equity Related Terms

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Beijing Lier High-Temperature Materials Co (SZSE:002392) Business Description

Traded in Other Exchanges
N/A
Address
Industrial Park, Changping District, Beijing, CHN, 102211
Beijing Lier High-Temperature Materials Co Ltd is a China-based company. It is engaged in the manufacture and distribution of fireproof materials. The company primarily provides unsetting fireproof materials, machine press setting fireproof products, fireproof preformed units, functional fireproof materials, ceramic fiber products, burning high purity oxide products and others. The Company's fireproof products are mainly applied to steels, nonferrous metals, petrochemical engineering, construction materials and other industries.
Executives
Wang Zheng Feng Director
Niu Jun Gao Director
Yang Liu Ji Executives
Kou Zhi Qi Supervisors
He Hui Min Executives
Zhao Shi Jie Directors, executives
Zhang Jian Chao Directors, executives
Hao Bu Jing Directors, executives
Li Luo Zhou Supervisors
Li Sheng Nan Director
Zhao Wei Directors, executives
Zhao Ji Zeng Director
Li Miao Chun Supervisors
Feng Wen Xiang Executives
Zhang Guang Zhi Director

Beijing Lier High-Temperature Materials Co (SZSE:002392) Headlines

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