AA Industrial Belting (Shanghai) Co (SHSE:603580) Debt-to-Equity : 0.06 (As of Mar. 2024)

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What is AA Industrial Belting (Shanghai) Co Debt-to-Equity?

AA Industrial Belting (Shanghai) Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥19.2 Mil. AA Industrial Belting (Shanghai) Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥6.8 Mil. AA Industrial Belting (Shanghai) Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥440.3 Mil. AA Industrial Belting (Shanghai) Co's debt to equity for the quarter that ended in Mar. 2024 was 0.06.

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 AA Industrial Belting (Shanghai) Co's Debt-to-Equity or its related term are showing as below:

SHSE:603580' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.02 Med: 0.05 Max: 0.14
Current: 0.06

During the past 13 years, the highest Debt-to-Equity Ratio of AA Industrial Belting (Shanghai) Co was 0.14. The lowest was 0.02. And the median was 0.05.

SHSE:603580's Debt-to-Equity is ranked better than
81.55% of 2629 companies
in the Industrial Products industry
Industry Median: 0.29 vs SHSE:603580: 0.06

AA Industrial Belting (Shanghai) Co Debt-to-Equity Historical Data

The historical data trend for AA Industrial Belting (Shanghai) 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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AA Industrial Belting (Shanghai) Co Debt-to-Equity Chart

AA Industrial Belting (Shanghai) Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.03

0.04

0.06

AA Industrial Belting (Shanghai) 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															0.06	0.05	0.04	0.06	0.06

Competitive Comparison of AA Industrial Belting (Shanghai) Co's Debt-to-Equity

For the Specialty Industrial Machinery subindustry, AA Industrial Belting (Shanghai) 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.

AA Industrial Belting (Shanghai) Co's Debt-to-Equity Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, AA Industrial Belting (Shanghai) Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where AA Industrial Belting (Shanghai) Co's Debt-to-Equity falls into.

AA Industrial Belting (Shanghai) Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

AA Industrial Belting (Shanghai) 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
	=	(19.429	+	8.027)	/	438.925
	=	0.06

AA Industrial Belting (Shanghai) 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
	=	(19.205	+	6.758)	/	440.328
	=	0.06

AA Industrial Belting (Shanghai) Co (SHSE:603580) 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.

AA Industrial Belting (Shanghai) Co Debt-to-Equity Related Terms

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AA Industrial Belting (Shanghai) Co (SHSE:603580) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » AA Industrial Belting (Shanghai) Co Ltd (SHSE:603580) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

580 Xiangyin Road, Shanghai, CHN, 200433

Website

http://www.aabelt.com.cn

AA Industrial Belting (Shanghai) Co Ltd is specialized in the research and development of light conveyor belts. Its main products include thermoplastic urethane (TPU) conveyor belts, thermoplastic polyester elastomeric (TPEE) conveyor belts, polyvinyl chloride (PVC) conveyor belts, polyethylene (PE) conveyor belts and seamless conveyor belts. Its product is widely used in food processing, airport logistics, textile printing, automotive and steel processing, tire, tobacco, and aluminum industry.

AA Industrial Belting (Shanghai) Co (SHSE:603580) Headlines

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