ABA Chemicals (SZSE:300261) Debt-to-Equity : 0.53 (As of Mar. 2024)

View and export this data going back to 2011. Start your Free Trial

What is ABA Chemicals Debt-to-Equity?

ABA Chemicals's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥1,004 Mil. ABA Chemicals's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥181 Mil. ABA Chemicals's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥2,258 Mil. ABA Chemicals's debt to equity for the quarter that ended in Mar. 2024 was 0.52.

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 ABA Chemicals's Debt-to-Equity or its related term are showing as below:

SZSE:300261' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.24 Med: 0.44 Max: 0.72
Current: 0.53

During the past 13 years, the highest Debt-to-Equity Ratio of ABA Chemicals was 0.72. The lowest was 0.24. And the median was 0.44.

SZSE:300261's Debt-to-Equity is ranked worse than
63.55% of 1399 companies
in the Chemicals industry
Industry Median: 0.35 vs SZSE:300261: 0.53

ABA Chemicals Debt-to-Equity Historical Data

The historical data trend for ABA Chemicals'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.

ABA Chemicals Debt-to-Equity Chart

ABA Chemicals Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

0.44

0.54

0.39

0.37

0.48

ABA Chemicals 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															0.37	0.37	0.41	0.48	0.53

Competitive Comparison of ABA Chemicals's Debt-to-Equity

For the Chemicals subindustry, ABA Chemicals'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.

ABA Chemicals's Debt-to-Equity Distribution in the Chemicals Industry

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

* The bar in red indicates where ABA Chemicals's Debt-to-Equity falls into.

ABA Chemicals Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

ABA Chemicals'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
	=	(939.53	+	144.246)	/	2274.817
	=	0.48

ABA Chemicals'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
	=	(1004.074	+	180.94)	/	2258.389
	=	0.52

ABA Chemicals (SZSE:300261) 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.

ABA Chemicals Debt-to-Equity Related Terms

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

ABA Chemicals (SZSE:300261) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » ABA Chemicals Corp (SZSE:300261) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

No. 18 Dongfang East Road, Port Development Zone, Taicang Port, Petrochemical District, Jiangsu Province, Shanghai, CHN, 215433

Website

http://www.abachem.com

ABA Chemicals Corp is a Chinese company integrating research and development, production and sales in the field of life sciences. It is principally engaged in the production of advanced intermediates, active pharmaceutical ingredients (APIs), and pesticide products. Some of the products offered by the company are Acridine, Snail, Fluorourea, Pentanoyl chloride, Fondaparinux, and Levetiracetam.

ABA Chemicals (SZSE:300261) Headlines

No Headlines