Kangxin New Materials Co (SHSE:600076) Debt-to-Equity : 0.30 (As of Mar. 2024)

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What is Kangxin New Materials Co Debt-to-Equity?

Kangxin New Materials Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥527.5 Mil. Kangxin New Materials Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥751.9 Mil. Kangxin New Materials Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥4,312.4 Mil. Kangxin New Materials Co's debt to equity for the quarter that ended in Mar. 2024 was 0.30.

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

SHSE:600076' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.16 Med: 0.33 Max: 1
Current: 0.3

During the past 13 years, the highest Debt-to-Equity Ratio of Kangxin New Materials Co was 1.00. The lowest was 0.16. And the median was 0.33.

SHSE:600076's Debt-to-Equity is ranked better than
64.15% of 265 companies
in the Forest Products industry
Industry Median: 0.51 vs SHSE:600076: 0.30

Kangxin New Materials Co Debt-to-Equity Historical Data

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

Kangxin New Materials Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.31

0.63

0.45

0.31

0.29

Kangxin New Materials 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															0.34	0.31	0.25	0.29	0.30

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

For the Lumber & Wood Production subindustry, Kangxin 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.

Kangxin New Materials Co's Debt-to-Equity Distribution in the Forest Products Industry

For the Forest Products industry and Basic Materials sector, Kangxin New Materials Co's Debt-to-Equity distribution charts can be found below:

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

Kangxin New Materials Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Kangxin 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
	=	(488.791	+	751.027)	/	4346.042
	=	0.29

Kangxin 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
	=	(527.535	+	751.894)	/	4312.448
	=	0.30

Kangxin New Materials Co (SHSE:600076) 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.

Kangxin New Materials Co Debt-to-Equity Related Terms

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Kangxin New Materials Co (SHSE:600076) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Kangxin New Materials Co Ltd (SHSE:600076) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

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Address

Wuhan East Lake Central Lake Road No. 57, Jinyinhu Withub 30, Hubei Province, Wuhan, CHN

Website

http://www.hbkangxin.com.cn

Kangxin New Materials Co Ltd engages in the collection, afforestation, processing, and sale of timber products in China. It also designs and produces building structural materials; and produces wood structural housing products. The company's products include COSB composite, multi-layer solid wood, and bamboo and wood composite container flooring products; civil sheets comprise building templates, ordinary COSB boards, environmental protection boards, and COSB boards; and landscape and green seedlings.

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