Fuyao Glass Industry Group Co (SHSE:600660) Debt-to-Equity : 0.50 (As of Mar. 2024)

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What is Fuyao Glass Industry Group Co Debt-to-Equity?

Fuyao Glass Industry Group Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥6,360 Mil. Fuyao Glass Industry Group Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥9,960 Mil. Fuyao Glass Industry Group Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥32,861 Mil. Fuyao Glass Industry Group Co's debt to equity for the quarter that ended in Mar. 2024 was 0.50.

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 Fuyao Glass Industry Group Co's Debt-to-Equity or its related term are showing as below:

SHSE:600660' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.29 Med: 0.42 Max: 0.53
Current: 0.46

During the past 13 years, the highest Debt-to-Equity Ratio of Fuyao Glass Industry Group Co was 0.53. The lowest was 0.29. And the median was 0.42.

SHSE:600660's Debt-to-Equity is ranked better than
51.53% of 1174 companies
in the Vehicles & Parts industry
Industry Median: 0.48 vs SHSE:600660: 0.46

Fuyao Glass Industry Group Co Debt-to-Equity Historical Data

The historical data trend for Fuyao Glass Industry Group 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.

Fuyao Glass Industry Group Co Debt-to-Equity Chart

Fuyao Glass Industry Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.53

0.47

0.40

0.46

Fuyao Glass Industry Group 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															0.51	0.61	0.55	0.46	0.50

Competitive Comparison of Fuyao Glass Industry Group Co's Debt-to-Equity

For the Auto Parts subindustry, Fuyao Glass Industry Group 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.

Fuyao Glass Industry Group Co's Debt-to-Equity Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Fuyao Glass Industry Group Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Fuyao Glass Industry Group Co's Debt-to-Equity falls into.

Fuyao Glass Industry Group Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Fuyao Glass Industry Group 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
	=	(5615.692	+	8920.232)	/	31426.182
	=	0.46

Fuyao Glass Industry Group 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
	=	(6359.598	+	9960.143)	/	32861.049
	=	0.50

Fuyao Glass Industry Group Co (SHSE:600660) 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.

Fuyao Glass Industry Group Co Debt-to-Equity Related Terms

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

Fuyao Glass Industry Group Co (SHSE:600660) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Fuyao Glass Industry Group Co Ltd (SHSE:600660) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

FYGGY:USA 03606:Hong Kong 4FG:Germany

Address

Fuyao Industrial Zone II, Fujian Province, Fuqing, CHN, 350301

Website

https://www.fuyaogroup.com

Fuyao Glass Industry Group Co Ltd manufactures and sells glass to be fitted in automobiles. The company is principally engaged in providing total solutions of safety glass and automotive accessories for various transportation vehicles, including the design, manufacture, and sale of automotive grade float glass, automotive glass, locomotive glass, luggage racks, vehicle window trims, and provision of relevant services. The Company's product portfolio consists of automobile glasses, such as coating glasses and others, which are applied in passenger cars, buses, limousines and others, and float glasses. The Company distributes its products within domestic markets and overseas markets. Geographically, it derives a majority of its revenue from China.

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