Hebei Yichen Industrial Group (HKSE:01596) Debt-to-Equity : 0.22 (As of Dec. 2023)

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What is Hebei Yichen Industrial Group Debt-to-Equity?

Hebei Yichen Industrial Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$426 Mil. Hebei Yichen Industrial Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$164 Mil. Hebei Yichen Industrial Group's Total Stockholders Equity for the quarter that ended in Dec. 2023 was HK$2,697 Mil. Hebei Yichen Industrial Group's debt to equity for the quarter that ended in Dec. 2023 was 0.22.

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 Hebei Yichen Industrial Group's Debt-to-Equity or its related term are showing as below:

HKSE:01596' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.07 Med: 0.22 Max: 0.37
Current: 0.22

During the past 11 years, the highest Debt-to-Equity Ratio of Hebei Yichen Industrial Group was 0.37. The lowest was 0.07. And the median was 0.22.

HKSE:01596's Debt-to-Equity is ranked better than
76.42% of 882 companies
in the Transportation industry
Industry Median: 0.56 vs HKSE:01596: 0.22

Hebei Yichen Industrial Group Debt-to-Equity Historical Data

The historical data trend for Hebei Yichen Industrial Group'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.

Hebei Yichen Industrial Group Debt-to-Equity Chart

Hebei Yichen Industrial Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.13

0.15

0.16

0.27

0.22

Hebei Yichen Industrial Group Semi-Annual Data
	Dec13	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															0.16	0.24	0.27	0.24	0.22

Competitive Comparison of Hebei Yichen Industrial Group's Debt-to-Equity

For the Railroads subindustry, Hebei Yichen Industrial Group'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.

Hebei Yichen Industrial Group's Debt-to-Equity Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Hebei Yichen Industrial Group's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Hebei Yichen Industrial Group's Debt-to-Equity falls into.

Hebei Yichen Industrial Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Hebei Yichen Industrial Group'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
	=	(425.567	+	164.406)	/	2696.995
	=	0.22

Hebei Yichen Industrial Group'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
	=	(425.567	+	164.406)	/	2696.995
	=	0.22

Hebei Yichen Industrial Group (HKSE:01596) 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.

Hebei Yichen Industrial Group Debt-to-Equity Related Terms

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Hebei Yichen Industrial Group (HKSE:01596) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Hebei Yichen Industrial Group Corp Ltd (HKSE:01596) » Definitions » Debt-to-Equity

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HE2:Germany

Address

No. 1 Yichen North Street, Gaocheng District, Hebei Province, Shijiazhuang, CHN

Website

http://www.hbyc.com.cn

Hebei Yichen Industrial Group Corp Ltd is one of the leading rail fastening system providers in the PRC, with the business focusing on three business segments namely Rail Fastening System Products; Welding Wire Products; and Railway Sleeper Products. Its maximum revenue is generated by the Rail fastening system segment. Some of its product includes the Spring bar type IV fastener system; the WJ-7 type fastener system; the DT-VI2 fastener system; Double-layer nonlinear shock-absorbing fastener system; the Spring bar II type fastener system and others.

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