Chemclin Diagnostics Co (SHSE:688468) Debt-to-Equity : 0.18 (As of Mar. 2024)

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What is Chemclin Diagnostics Co Debt-to-Equity?

Chemclin Diagnostics Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥5.4 Mil. Chemclin Diagnostics Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥242.1 Mil. Chemclin Diagnostics Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥1,383.4 Mil. Chemclin Diagnostics Co's debt to equity for the quarter that ended in Mar. 2024 was 0.18.

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

SHSE:688468' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.02 Max: 0.18
Current: 0.18

During the past 7 years, the highest Debt-to-Equity Ratio of Chemclin Diagnostics Co was 0.18. The lowest was 0.01. And the median was 0.02.

SHSE:688468's Debt-to-Equity is ranked better than
55.67% of 194 companies
in the Medical Diagnostics & Research industry
Industry Median: 0.22 vs SHSE:688468: 0.18

Chemclin Diagnostics Co Debt-to-Equity Historical Data

The historical data trend for Chemclin Diagnostics 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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Chemclin Diagnostics Co Debt-to-Equity Chart

Chemclin Diagnostics Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.01

0.02

0.01

0.17

Chemclin Diagnostics Co Quarterly Data
	Dec18	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															0.01	0.07	0.12	0.17	0.18

Competitive Comparison of Chemclin Diagnostics Co's Debt-to-Equity

For the Diagnostics & Research subindustry, Chemclin Diagnostics 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.

Chemclin Diagnostics Co's Debt-to-Equity Distribution in the Medical Diagnostics & Research Industry

For the Medical Diagnostics & Research industry and Healthcare sector, Chemclin Diagnostics Co's Debt-to-Equity distribution charts can be found below:

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

Chemclin Diagnostics Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Chemclin Diagnostics 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
	=	(6.659	+	227.949)	/	1388.802
	=	0.17

Chemclin Diagnostics 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
	=	(5.446	+	242.12)	/	1383.376
	=	0.18

Chemclin Diagnostics Co (SHSE:688468) 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.

Chemclin Diagnostics Co Debt-to-Equity Related Terms

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Chemclin Diagnostics Co (SHSE:688468) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Diagnostics & Research » Chemclin Diagnostics Co Ltd (SHSE:688468) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

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Address

No. 7 Fengxian Middle Road, 6th & 7th Floor Incubator Building, Beike Modern Manufacturing Park, Yongfeng Base, Haidian District, Beijing, CHN, 100094

Website

http://www.chemclin.com

Chemclin Diagnostics Co Ltd is engaged in the development, production and sales of clinical immunochemiluminescence diagnostic testing reagents and instruments.

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