Haohua Chemical Science & Technology (SHSE:600378) Debt-to-Equity : 0.32 (As of Mar. 2024)

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What is Haohua Chemical Science & Technology Debt-to-Equity?

Haohua Chemical Science & Technology's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥682 Mil. Haohua Chemical Science & Technology's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥2,114 Mil. Haohua Chemical Science & Technology's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥8,680 Mil. Haohua Chemical Science & Technology's debt to equity for the quarter that ended in Mar. 2024 was 0.32.

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 Haohua Chemical Science & Technology's Debt-to-Equity or its related term are showing as below:

SHSE:600378' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.05 Med: 0.15 Max: 0.32
Current: 0.32

During the past 13 years, the highest Debt-to-Equity Ratio of Haohua Chemical Science & Technology was 0.32. The lowest was 0.05. And the median was 0.15.

SHSE:600378's Debt-to-Equity is ranked better than
53% of 1398 companies
in the Chemicals industry
Industry Median: 0.35 vs SHSE:600378: 0.32

Haohua Chemical Science & Technology Debt-to-Equity Historical Data

The historical data trend for Haohua Chemical Science & Technology'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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Haohua Chemical Science & Technology Debt-to-Equity Chart

Haohua Chemical Science & Technology Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.05

0.08

0.15

0.27

0.31

Haohua Chemical Science & Technology 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															0.25	0.28	0.29	0.31	0.32

Competitive Comparison of Haohua Chemical Science & Technology's Debt-to-Equity

For the Chemicals subindustry, Haohua Chemical Science & Technology'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.

Haohua Chemical Science & Technology's Debt-to-Equity Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Haohua Chemical Science & Technology's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Haohua Chemical Science & Technology's Debt-to-Equity falls into.

Haohua Chemical Science & Technology Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Haohua Chemical Science & Technology'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
	=	(579.688	+	2045.123)	/	8534.529
	=	0.31

Haohua Chemical Science & Technology'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
	=	(681.649	+	2114.142)	/	8679.672
	=	0.32

Haohua Chemical Science & Technology (SHSE:600378) 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.

Haohua Chemical Science & Technology Debt-to-Equity Related Terms

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Haohua Chemical Science & Technology (SHSE:600378) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Haohua Chemical Science & Technology Corp Ltd (SHSE:600378) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

Wainan Airport Road, P.O. Box 445, Sichuan, Chengdu, CHN, 610225

Website

http://www.tianke.com

Haohua Chemical Science & Technology Corp Ltd, formerly Sichuan Tianyi Science & Technology Co Ltd is a China-based company engaged in the manufacturing of chemicals and related products It specializes in the catalyst, pressure swing adsorption gas separation technology and devices, organic chemical products, valves, and absorbent.

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