Wuxi Double Elephant Micro Fibre Material Co (SZSE:002395) Debt-to-Equity : 0.12 (As of Mar. 2024)

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What is Wuxi Double Elephant Micro Fibre Material Co Debt-to-Equity?

Wuxi Double Elephant Micro Fibre Material Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥105 Mil. Wuxi Double Elephant Micro Fibre Material Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥3 Mil. Wuxi Double Elephant Micro Fibre Material Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥934 Mil. Wuxi Double Elephant Micro Fibre Material Co's debt to equity for the quarter that ended in Mar. 2024 was 0.12.

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 Wuxi Double Elephant Micro Fibre Material Co's Debt-to-Equity or its related term are showing as below:

SZSE:002395' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.05 Med: 0.07 Max: 0.16
Current: 0.12

During the past 13 years, the highest Debt-to-Equity Ratio of Wuxi Double Elephant Micro Fibre Material Co was 0.16. The lowest was 0.05. And the median was 0.07.

SZSE:002395's Debt-to-Equity is ranked better than
79.94% of 932 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.44 vs SZSE:002395: 0.12

Wuxi Double Elephant Micro Fibre Material Co Debt-to-Equity Historical Data

The historical data trend for Wuxi Double Elephant Micro Fibre Material 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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Wuxi Double Elephant Micro Fibre Material Co Debt-to-Equity Chart

Wuxi Double Elephant Micro Fibre Material Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.07

0.12

0.11

0.13

Wuxi Double Elephant Micro Fibre Material 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															0.14	0.14	0.16	0.13	0.12

Competitive Comparison of Wuxi Double Elephant Micro Fibre Material Co's Debt-to-Equity

For the Footwear & Accessories subindustry, Wuxi Double Elephant Micro Fibre Material 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.

Wuxi Double Elephant Micro Fibre Material Co's Debt-to-Equity Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Wuxi Double Elephant Micro Fibre Material Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Wuxi Double Elephant Micro Fibre Material Co's Debt-to-Equity falls into.

Wuxi Double Elephant Micro Fibre Material Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Wuxi Double Elephant Micro Fibre Material 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
	=	(113.283	+	3.118)	/	914.844
	=	0.13

Wuxi Double Elephant Micro Fibre Material 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
	=	(105.459	+	2.979)	/	933.713
	=	0.12

Wuxi Double Elephant Micro Fibre Material Co (SZSE:002395) 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.

Wuxi Double Elephant Micro Fibre Material Co Debt-to-Equity Related Terms

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Wuxi Double Elephant Micro Fibre Material Co (SZSE:002395) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Wuxi Double Elephant Micro Fibre Material Co Ltd (SZSE:002395) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.188, Houzhai Middle Road, Hongshan Street, Xinwu District, Jiangsu Province, Wuxi, CHN

Website

http://www.sxcxgf.com

Wuxi Double Elephant Micro Fibre Material Co Ltd operates in the synthetic leather industry. The company is engaged in the production and supply of PVC artificial leather products. The products of the company include microfiber ultra-real leather, PVC artificial leather, and PU synthetic leather.

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