Kangda New Materials (Group) Co (SZSE:002669) Debt-to-Equity : 0.92 (As of Mar. 2024)

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What is Kangda New Materials (Group) Co Debt-to-Equity?

Kangda New Materials (Group) Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥1,802 Mil. Kangda New Materials (Group) Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥901 Mil. Kangda New Materials (Group) Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥2,956 Mil. Kangda New Materials (Group) Co's debt to equity for the quarter that ended in Mar. 2024 was 0.91.

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 Kangda New Materials (Group) Co's Debt-to-Equity or its related term are showing as below:

SZSE:002669' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.02 Med: 0.08 Max: 0.92
Current: 0.92

During the past 13 years, the highest Debt-to-Equity Ratio of Kangda New Materials (Group) Co was 0.92. The lowest was 0.02. And the median was 0.08.

SZSE:002669's Debt-to-Equity is ranked worse than
81.45% of 1391 companies
in the Chemicals industry
Industry Median: 0.35 vs SZSE:002669: 0.92

Kangda New Materials (Group) Co Debt-to-Equity Historical Data

The historical data trend for Kangda New 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.

* Premium members only.

Kangda New Materials (Group) Co Debt-to-Equity Chart

Kangda New Materials (Group) Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.07

0.23

0.29

0.42

0.83

Kangda New 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															0.48	0.58	0.72	0.83	0.92

Competitive Comparison of Kangda New Materials (Group) Co's Debt-to-Equity

For the Specialty Chemicals subindustry, Kangda New 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.

Kangda New Materials (Group) Co's Debt-to-Equity Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Kangda New Materials (Group) Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Kangda New Materials (Group) Co's Debt-to-Equity falls into.

Kangda New Materials (Group) Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Kangda New 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
	=	(1638.47	+	836.102)	/	2976.877
	=	0.83

Kangda New 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
	=	(1801.973	+	901.393)	/	2955.819
	=	0.91

Kangda New Materials (Group) Co (SZSE:002669) 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.

Kangda New Materials (Group) Co Debt-to-Equity Related Terms

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Kangda New Materials (Group) Co (SZSE:002669) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Kangda New Materials (Group) Co Ltd (SZSE:002669) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.655, Qingda Road, Pudong New Area, Shanghai, CHN, 201201

Website

http://www.kangda-sh.com

Shanghai Kangda New Materials Co Ltd is mainly engaged in the research, development, production, and sale of adhesive and sealant products. The company provides more than 200 kinds of products, including epoxy adhesive, polyurethane adhesive, acrylate AB adhesive (SGA), cyanoacrylate adhesive, UV curing adhesive, silicon rubber, anaerobic adhesive, butyl hot melt adhesive, industrial repair putty, spray polyurea and others. The products are widely used in the fields of loudspeaker assembling, energy power plants, transportation, anti-corrosion, ports and mines, military equipment, mechanical equipment, electronic appliances, and construction reinforcement.

Executives

Yao Qi Sheng	Directors, executives
Lu Wei	Executives
Wu Ming	Supervisors
Xu Hong Shan	Executives
Wen Dong Hua	Independent director
Wang Zhi Hua	Executives

Kangda New Materials (Group) Co (SZSE:002669) Headlines

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