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Zhejiang XinNong Chemical Co (SZSE:002942) Debt-to-Equity : 0.00 (As of Mar. 2024)


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What is Zhejiang XinNong Chemical Co Debt-to-Equity?

Zhejiang XinNong Chemical Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥0.5 Mil. Zhejiang XinNong Chemical Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥0.3 Mil. Zhejiang XinNong Chemical Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥1,155.2 Mil. Zhejiang XinNong Chemical Co's debt to equity for the quarter that ended in Mar. 2024 was 0.00.

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

During the past 12 years, the highest Debt-to-Equity Ratio of Zhejiang XinNong Chemical Co was 0.47. The lowest was 0.00. And the median was 0.02.

SZSE:002942's Debt-to-Equity is not ranked *
in the Agriculture industry.
Industry Median: 0.36
* Ranked among companies with meaningful Debt-to-Equity only.

Zhejiang XinNong Chemical Co Debt-to-Equity Historical Data

The historical data trend for Zhejiang XinNong Chemical 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.

Zhejiang XinNong Chemical Co Debt-to-Equity Chart

Zhejiang XinNong Chemical Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-Equity
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Zhejiang XinNong Chemical Co Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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Competitive Comparison of Zhejiang XinNong Chemical Co's Debt-to-Equity

For the Agricultural Inputs subindustry, Zhejiang XinNong Chemical 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.


Zhejiang XinNong Chemical Co's Debt-to-Equity Distribution in the Agriculture Industry

For the Agriculture industry and Basic Materials sector, Zhejiang XinNong Chemical Co's Debt-to-Equity distribution charts can be found below:

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



Zhejiang XinNong Chemical Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Zhejiang XinNong Chemical Co's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Zhejiang XinNong Chemical 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.


Zhejiang XinNong Chemical Co  (SZSE:002942) 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.


Zhejiang XinNong Chemical Co Debt-to-Equity Related Terms

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Zhejiang XinNong Chemical Co (SZSE:002942) Business Description

Traded in Other Exchanges
N/A
Address
258 Zhonghe Middle Road, 18th Floor, Richful International Trade Plaza, Zhejiang, Hangzhou, CHN, 310003
Zhejiang XinNong Chemical Co Ltd is engaged in pesticide research, development, production and marketing activities. The company's production bases are Xianju, Jiaojiang of Zhejiang and Rudong of Jiangsu.
Executives
Zhang Jian Rong Directors, executives
Xu Guan Shou Independent director

Zhejiang XinNong Chemical Co (SZSE:002942) Headlines

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