Shandong Kaisheng New Materials Co (SZSE:301069) Debt-to-Equity : 0.29 (As of Mar. 2024)

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What is Shandong Kaisheng New Materials Co Debt-to-Equity?

Shandong Kaisheng New Materials Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥0.0 Mil. Shandong Kaisheng New Materials Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥489.9 Mil. Shandong Kaisheng New Materials Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥1,691.0 Mil. Shandong Kaisheng New Materials Co's debt to equity for the quarter that ended in Mar. 2024 was 0.29.

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 Shandong Kaisheng New Materials Co's Debt-to-Equity or its related term are showing as below:

SZSE:301069' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.29 Med: 0.29 Max: 0.29
Current: 0.29

During the past 7 years, the highest Debt-to-Equity Ratio of Shandong Kaisheng New Materials Co was 0.29. The lowest was 0.29. And the median was 0.29.

SZSE:301069's Debt-to-Equity is ranked better than
56.39% of 1392 companies
in the Chemicals industry
Industry Median: 0.35 vs SZSE:301069: 0.29

Shandong Kaisheng New Materials Co Debt-to-Equity Historical Data

The historical data trend for Shandong Kaisheng New Materials 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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Shandong Kaisheng New Materials Co Debt-to-Equity Chart

Shandong Kaisheng New Materials Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.29

Shandong Kaisheng New Materials Co Quarterly Data
	Dec18	Jun19	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															-	-	-	0.29	0.29

Competitive Comparison of Shandong Kaisheng New Materials Co's Debt-to-Equity

For the Chemicals subindustry, Shandong Kaisheng New Materials 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.

Shandong Kaisheng New Materials Co's Debt-to-Equity Distribution in the Chemicals Industry

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

* The bar in red indicates where Shandong Kaisheng New Materials Co's Debt-to-Equity falls into.

Shandong Kaisheng New Materials Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Shandong Kaisheng New Materials 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
	=	(0	+	481.988)	/	1665.321
	=	0.29

Shandong Kaisheng New Materials 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
	=	(0	+	489.885)	/	1691.024
	=	0.29

Shandong Kaisheng New Materials Co (SZSE:301069) 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.

Shandong Kaisheng New Materials Co Debt-to-Equity Related Terms

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Shandong Kaisheng New Materials Co (SZSE:301069) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Shandong Kaisheng New Materials Co Ltd (SZSE:301069) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

Eeast of Zhangbo Highway, Shuangyang Town, Zichuan District, Shandong Province, Zibo, CHN, 255185

Website

http://www.ksxc.cn

Shandong Kaisheng New Materials Co Ltd is engaged in the research and development, production and sales of fine chemical products and new polymer materials.

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