Zhejiang Tiantai Xianghe Industrial Co (SHSE:603500) Debt-to-Equity : 0.07 (As of Mar. 2024)

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What is Zhejiang Tiantai Xianghe Industrial Co Debt-to-Equity?

Zhejiang Tiantai Xianghe Industrial Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥60.3 Mil. Zhejiang Tiantai Xianghe Industrial Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥10.3 Mil. Zhejiang Tiantai Xianghe Industrial Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥978.4 Mil. Zhejiang Tiantai Xianghe Industrial Co's debt to equity for the quarter that ended in Mar. 2024 was 0.07.

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 Tiantai Xianghe Industrial Co's Debt-to-Equity or its related term are showing as below:

SHSE:603500' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.06 Max: 0.34
Current: 0.07

During the past 11 years, the highest Debt-to-Equity Ratio of Zhejiang Tiantai Xianghe Industrial Co was 0.34. The lowest was 0.01. And the median was 0.06.

SHSE:603500's Debt-to-Equity is ranked better than
91.62% of 883 companies
in the Transportation industry
Industry Median: 0.57 vs SHSE:603500: 0.07

Zhejiang Tiantai Xianghe Industrial Co Debt-to-Equity Historical Data

The historical data trend for Zhejiang Tiantai Xianghe Industrial 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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Zhejiang Tiantai Xianghe Industrial Co Debt-to-Equity Chart

Zhejiang Tiantai Xianghe Industrial Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.04

0.08

Zhejiang Tiantai Xianghe Industrial 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															0.07	0.06	0.06	0.08	0.07

Competitive Comparison of Zhejiang Tiantai Xianghe Industrial Co's Debt-to-Equity

For the Railroads subindustry, Zhejiang Tiantai Xianghe Industrial 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 Tiantai Xianghe Industrial Co's Debt-to-Equity Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Zhejiang Tiantai Xianghe Industrial Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Zhejiang Tiantai Xianghe Industrial Co's Debt-to-Equity falls into.

Zhejiang Tiantai Xianghe Industrial Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Zhejiang Tiantai Xianghe Industrial 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
	=	(69.894	+	10.372)	/	958.424
	=	0.08

Zhejiang Tiantai Xianghe Industrial 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
	=	(60.337	+	10.271)	/	978.438
	=	0.07

Zhejiang Tiantai Xianghe Industrial Co (SHSE:603500) 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 Tiantai Xianghe Industrial Co Debt-to-Equity Related Terms

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Zhejiang Tiantai Xianghe Industrial Co (SHSE:603500) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Zhejiang Tiantai Xianghe Industrial Co Ltd (SHSE:603500) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 799, Renmin East Road, Chicheng Street, Zhejiang Province, Tiantai County, Taizhou, CHN

Website

http://www.ttxh.com.cn

Zhejiang Tiantai Xianghe Industrial Co Ltd is engaged in the research, development, commissioning, verification and industrialization of the national high-speed rail fastener project group. The company's main products include fastener products such as nylon parts, rubber parts, elastic pads and plastic parts; electronic products such as rubber stoppers and bases.

Executives

Tang Xiao	Directors, senior managers
Tang Jiao	Directors, senior managers
Tang You Qian	Director
Tang Wen Ming	Directors, senior managers
Zheng Yuan Fei	senior management
Wang Hong Hai	senior management
Qi Wei	senior management

Zhejiang Tiantai Xianghe Industrial Co (SHSE:603500) Headlines

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