Jiangsu HSC New Energy Materials Co (SHSE:688353) Debt-to-Equity : 0.04 (As of Mar. 2024)

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What is Jiangsu HSC New Energy Materials Co Debt-to-Equity?

Jiangsu HSC New Energy Materials Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥5.0 Mil. Jiangsu HSC New Energy Materials Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥123.3 Mil. Jiangsu HSC New Energy Materials Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥3,699.0 Mil. Jiangsu HSC New Energy Materials Co's debt to equity for the quarter that ended in Mar. 2024 was 0.03.

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 Jiangsu HSC New Energy Materials Co's Debt-to-Equity or its related term are showing as below:

SHSE:688353' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.04 Max: 0.6
Current: 0.04

During the past 6 years, the highest Debt-to-Equity Ratio of Jiangsu HSC New Energy Materials Co was 0.60. The lowest was 0.01. And the median was 0.04.

SHSE:688353's Debt-to-Equity is ranked better than
89.33% of 1387 companies
in the Chemicals industry
Industry Median: 0.36 vs SHSE:688353: 0.04

Jiangsu HSC New Energy Materials Co Debt-to-Equity Historical Data

The historical data trend for Jiangsu HSC New Energy Materials 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.

Jiangsu HSC New Energy Materials Co Debt-to-Equity Chart

Jiangsu HSC New Energy Materials Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.38

0.21

0.13

0.02

0.03

Jiangsu HSC New Energy Materials Co Quarterly Data
	Dec18	Dec19	Mar20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial													0.02	0.03	0.03	0.03	0.04

Competitive Comparison of Jiangsu HSC New Energy Materials Co's Debt-to-Equity

For the Chemicals subindustry, Jiangsu HSC New Energy Materials 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.

Jiangsu HSC New Energy Materials Co's Debt-to-Equity Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Jiangsu HSC New Energy Materials Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Jiangsu HSC New Energy Materials Co's Debt-to-Equity falls into.

Jiangsu HSC New Energy Materials Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Jiangsu HSC New Energy Materials 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
	=	(5.03	+	123.568)	/	3728.878
	=	0.03

Jiangsu HSC New Energy Materials 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
	=	(5.028	+	123.334)	/	3698.992
	=	0.03

Jiangsu HSC New Energy Materials Co (SHSE:688353) 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.

Jiangsu HSC New Energy Materials Co Debt-to-Equity Related Terms

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Jiangsu HSC New Energy Materials Co (SHSE:688353) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Jiangsu HSC New Energy Materials Co Ltd (SHSE:688353) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

No. 10 Qinghai Road, Yangtze River International Chemical Industrial Park, Jiangsu Province, Zhangjiagang, CHN, 215600

Website

http://www.sinohsc.com

Jiangsu HSC New Energy Materials Co Ltd is engaged in the production and sales of lithium battery electrolyte additives. The company's products mainly include two series of electronic chemicals and special silicones. In the field of electronic chemicals, the company supplies vinylene carbonate (VC) and fluoroethylene carbonate (FEC) in the market. The products are widely used in new energy vehicles, electric two-wheelers, power tools, UPS power supplies, mobile base station power supply, photovoltaic power station, 3C products and other fields. In the field of special silicones, the company manufacturers the technology of non-phosgene production of isocyanate silanes.

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