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Sunstone Development Co (SHSE:603612) Debt-to-Equity : 1.42 (As of Mar. 2024)


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What is Sunstone Development Co Debt-to-Equity?

Sunstone Development Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥4,697 Mil. Sunstone Development Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥3,211 Mil. Sunstone Development Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥5,560 Mil. Sunstone Development Co's debt to equity for the quarter that ended in Mar. 2024 was 1.42.

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 Sunstone Development Co's Debt-to-Equity or its related term are showing as below:

SHSE:603612' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.48   Med: 1.17   Max: 1.69
Current: 1.42

During the past 13 years, the highest Debt-to-Equity Ratio of Sunstone Development Co was 1.69. The lowest was 0.48. And the median was 1.17.

SHSE:603612's Debt-to-Equity is ranked worse than
91.64% of 1387 companies
in the Chemicals industry
Industry Median: 0.36 vs SHSE:603612: 1.42

Sunstone Development Co Debt-to-Equity Historical Data

The historical data trend for Sunstone Development 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.

Sunstone Development Co Debt-to-Equity Chart

Sunstone Development Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.47 0.83 1.18 1.47 1.31

Sunstone Development 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.46 1.26 1.20 1.31 1.42

Competitive Comparison of Sunstone Development Co's Debt-to-Equity

For the Chemicals subindustry, Sunstone Development 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.


Sunstone Development Co's Debt-to-Equity Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Sunstone Development Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Sunstone Development Co's Debt-to-Equity falls into.



Sunstone Development Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Sunstone Development Co's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Sunstone Development Co's Debt to Equity Ratio for the quarter that ended in Mar. 2024 is calculated as

* 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.


Sunstone Development Co  (SHSE:603612) 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.


Sunstone Development Co Debt-to-Equity Related Terms

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


Sunstone Development Co (SHSE:603612) Business Description

Traded in Other Exchanges
N/A
Address
104 National Road North, Hengyuan Economic Development Zone, Shandong Province, Linyi, CHN, 251500
Sunstone Development Co Ltd specializes in the production and marketing of prebaked carbon anodes for the aluminum industry. The company also exports anodes worldwide.
Executives
Yuan Gang senior management
Lang Guang Hui Director
Lang Jing Director
Jing Sheng Yang Director
Liu Rui Director
Huang He Director
Fan Ben Yong Director
Hao Jun Wen Director
Li Jun Director
Li Jian Ning Director
Zhang Xin Hai Director
Wu Jin Zhou senior management
Zhang Zhong Qiu senior management

Sunstone Development Co (SHSE:603612) Headlines

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