Ningbo Color Master Batch Co (SZSE:301019) Debt-to-Equity : 0.00 (As of Mar. 2024)

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What is Ningbo Color Master Batch Co Debt-to-Equity?

Ningbo Color Master Batch Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥4.4 Mil. Ningbo Color Master Batch Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥0.0 Mil. Ningbo Color Master Batch Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥1,069.1 Mil. Ningbo Color Master Batch 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 Ningbo Color Master Batch Co's Debt-to-Equity or its related term are showing as below:

During the past 7 years, the highest Debt-to-Equity Ratio of Ningbo Color Master Batch Co was 0.08. The lowest was 0.00. And the median was 0.00.

SZSE:301019's Debt-to-Equity is not ranked ^*
in the Chemicals industry.
Industry Median: 0.36
* Ranked among companies with meaningful Debt-to-Equity only.

Ningbo Color Master Batch Co Debt-to-Equity Historical Data

The historical data trend for Ningbo Color Master Batch 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.

Ningbo Color Master Batch Co Debt-to-Equity Chart

Ningbo Color Master Batch Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.01

Ningbo Color Master Batch Co Quarterly Data
	Dec18	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															-	-	0.01	0.01	-

Competitive Comparison of Ningbo Color Master Batch Co's Debt-to-Equity

For the Specialty Chemicals subindustry, Ningbo Color Master Batch 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.

Ningbo Color Master Batch Co's Debt-to-Equity Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Ningbo Color Master Batch Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Ningbo Color Master Batch Co's Debt-to-Equity falls into.

Ningbo Color Master Batch Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Ningbo Color Master Batch 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
	=	(10.566	+	0)	/	1097.741
	=	0.01

Ningbo Color Master Batch 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
	=	(4.354	+	0)	/	1069.055
	=	0.00

Ningbo Color Master Batch Co (SZSE:301019) 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.

Ningbo Color Master Batch Co Debt-to-Equity Related Terms

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Ningbo Color Master Batch Co (SZSE:301019) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Ningbo Color Master Batch Co Ltd (SZSE:301019) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

168 Jinhui West Road, Panhuo Street, Yinzhou District, Zhejiang Province, Ningbo, CHN, 315105

Website

http://www.muli.com.cn

Ningbo Masterbatch Co Ltd is engaged in research and development, production, sales and technical services of masterbatch. The company's products include Color masterbatch, Black masterbatch, White masterbatch, and Functional masterbatch. Its products are used in home appliances, food packaging, cosmetics, daily necessities, building materials, and automobiles.

Executives

Zhao Mao Hua	Director
Zu Wan Nian	Supervisors
Zhou Bi Hong	Director
Zhang Xu Bo	Supervisors

Ningbo Color Master Batch Co (SZSE:301019) Headlines

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