Changzhou Fusion New Material Co (SHSE:688503) Debt-to-Equity : 0.52 (As of Mar. 2024)

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What is Changzhou Fusion New Material Co Debt-to-Equity?

Changzhou Fusion New Material Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥2,435 Mil. Changzhou Fusion New Material Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥14 Mil. Changzhou Fusion New Material Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥4,702 Mil. Changzhou Fusion New Material Co's debt to equity for the quarter that ended in Mar. 2024 was 0.52.

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 Changzhou Fusion New Material Co's Debt-to-Equity or its related term are showing as below:

SHSE:688503' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.15 Med: 0.46 Max: 1.03
Current: 0.52

During the past 6 years, the highest Debt-to-Equity Ratio of Changzhou Fusion New Material Co was 1.03. The lowest was 0.15. And the median was 0.46.

SHSE:688503's Debt-to-Equity is ranked worse than
70.1% of 873 companies
in the Semiconductors industry
Industry Median: 0.27 vs SHSE:688503: 0.52

Changzhou Fusion New Material Co Debt-to-Equity Historical Data

The historical data trend for Changzhou Fusion New Material 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.

Changzhou Fusion New Material Co Debt-to-Equity Chart

Changzhou Fusion New Material Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.81

0.36

1.03

0.17

0.40

Changzhou Fusion New Material Co Quarterly Data
	Dec18	Dec19	Mar20	Dec20	Mar21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial											0.15	0.21	0.35	0.40	0.52

Competitive Comparison of Changzhou Fusion New Material Co's Debt-to-Equity

For the Solar subindustry, Changzhou Fusion New Material 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.

Changzhou Fusion New Material Co's Debt-to-Equity Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Changzhou Fusion New Material Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Changzhou Fusion New Material Co's Debt-to-Equity falls into.

Changzhou Fusion New Material Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Changzhou Fusion New Material 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
	=	(1935.789	+	9.958)	/	4919.843
	=	0.40

Changzhou Fusion New Material 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
	=	(2435.398	+	13.916)	/	4702.191
	=	0.52

Changzhou Fusion New Material Co (SHSE:688503) 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.

Changzhou Fusion New Material Co Debt-to-Equity Related Terms

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Changzhou Fusion New Material Co (SHSE:688503) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Changzhou Fusion New Material Co Ltd (SHSE:688503) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

No. 66 Liuyanghe Road, Xinbei District, Jiangsu Province, Changzhou, CHN, 213031

Website

http://www.fusion-cz.com

Changzhou Fusion New Material Co Ltd specializes in the research and development, production and sales of new electronic pastes. The company's main product is front silver paste for solar cells. Front silver paste is a functional material based on silver powder, which is the key material for the preparation of solar cell metal electrodes. Its product performance and preparation process are directly related to the photoelectric conversion efficiency of solar cells.

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