Ningbo Boway Alloy Material Co (SHSE:601137) Debt-to-Equity : 0.78 (As of Dec. 2023)

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What is Ningbo Boway Alloy Material Co Debt-to-Equity?

Ningbo Boway Alloy Material Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ¥3,008 Mil. Ningbo Boway Alloy Material Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ¥2,523 Mil. Ningbo Boway Alloy Material Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was ¥7,108 Mil. Ningbo Boway Alloy Material Co's debt to equity for the quarter that ended in Dec. 2023 was 0.78.

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 Boway Alloy Material Co's Debt-to-Equity or its related term are showing as below:

SHSE:601137' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.23 Med: 0.4 Max: 0.78
Current: 0.78

During the past 13 years, the highest Debt-to-Equity Ratio of Ningbo Boway Alloy Material Co was 0.78. The lowest was 0.23. And the median was 0.40.

SHSE:601137's Debt-to-Equity is ranked worse than
83.75% of 1311 companies
in the Metals & Mining industry
Industry Median: 0.13 vs SHSE:601137: 0.78

Ningbo Boway Alloy Material Co Debt-to-Equity Historical Data

The historical data trend for Ningbo Boway Alloy Material 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 Boway Alloy Material Co Debt-to-Equity Chart

Ningbo Boway Alloy Material Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.57

0.44

0.68

0.70

0.78

Ningbo Boway Alloy Material Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															0.70	0.67	0.63	0.68	0.78

Competitive Comparison of Ningbo Boway Alloy Material Co's Debt-to-Equity

For the Copper subindustry, Ningbo Boway Alloy Material 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 Boway Alloy Material Co's Debt-to-Equity Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Ningbo Boway Alloy Material Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Ningbo Boway Alloy Material Co's Debt-to-Equity falls into.

Ningbo Boway Alloy Material Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Ningbo Boway Alloy Material 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
	=	(3007.613	+	2523.045)	/	7107.83
	=	0.78

Ningbo Boway Alloy Material Co's Debt to Equity Ratio for the quarter 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
	=	(3007.613	+	2523.045)	/	7107.83
	=	0.78

Ningbo Boway Alloy Material Co (SHSE:601137) 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 Boway Alloy Material Co Debt-to-Equity Related Terms

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Ningbo Boway Alloy Material Co (SHSE:601137) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Ningbo Boway Alloy Material Co Ltd (SHSE:601137) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

Number 288 Honggang Road, Yinzhou Economic Development Zone,Yinzhou District, Zhejiang Province, Ningbo, CHN, 314145

Website

http://www.pwalloy.com

Ningbo Boway Alloy Material Co Ltd is engaged in researching, developing, producing and selling non-ferrous alloy materials in China and internationally. It offers environmental, high conductivity, special, bronze, nickel-silver, and brass alloy materials, as well as copper alloys; and high precision copper alloy strips. The company also offers copper-titanium-zirconium- zinc alloy materials; and energy products, such as monocrystalline black components, polycrystalline, and solar modules.

Ningbo Boway Alloy Material Co (SHSE:601137) Headlines

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