Xinjiang Hejin Holding Co (SZSE:000633) Debt-to-Equity : 0.17 (As of Mar. 2024)

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What is Xinjiang Hejin Holding Co Debt-to-Equity?

Xinjiang Hejin Holding Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥7.0 Mil. Xinjiang Hejin Holding Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥24.1 Mil. Xinjiang Hejin Holding Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥179.8 Mil. Xinjiang Hejin Holding Co's debt to equity for the quarter that ended in Mar. 2024 was 0.17.

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 Xinjiang Hejin Holding Co's Debt-to-Equity or its related term are showing as below:

SZSE:000633' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.17 Med: 0.25 Max: 6.3
Current: 0.17

During the past 13 years, the highest Debt-to-Equity Ratio of Xinjiang Hejin Holding Co was 6.30. The lowest was 0.17. And the median was 0.25.

SZSE:000633's Debt-to-Equity is ranked better than
64.18% of 2616 companies
in the Industrial Products industry
Industry Median: 0.29 vs SZSE:000633: 0.17

Xinjiang Hejin Holding Co Debt-to-Equity Historical Data

The historical data trend for Xinjiang Hejin Holding 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.

Xinjiang Hejin Holding Co Debt-to-Equity Chart

Xinjiang Hejin Holding Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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4.94

0.24

0.20

0.17

0.19

Xinjiang Hejin Holding 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															0.22	0.25	0.25	0.19	0.17

Competitive Comparison of Xinjiang Hejin Holding Co's Debt-to-Equity

For the Metal Fabrication subindustry, Xinjiang Hejin Holding 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.

Xinjiang Hejin Holding Co's Debt-to-Equity Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Xinjiang Hejin Holding Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Xinjiang Hejin Holding Co's Debt-to-Equity falls into.

Xinjiang Hejin Holding Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Xinjiang Hejin Holding 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
	=	(6.935	+	26.652)	/	178.485
	=	0.19

Xinjiang Hejin Holding 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
	=	(6.98	+	24.125)	/	179.815
	=	0.17

Xinjiang Hejin Holding Co (SZSE:000633) 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.

Xinjiang Hejin Holding Co Debt-to-Equity Related Terms

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Xinjiang Hejin Holding Co (SZSE:000633) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Xinjiang Hejin Holding Co Ltd (SZSE:000633) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 2 Hangzhou Avenue, Room 102, Electronic Industrial Park, Beijing Industrial Park, Xinjiang Uygur Autonomous Region, Hetian, CHN, 848099

Website

http://www.xjhjtz.net

Xinjiang Hejin Holding Co Ltd is engaged in the production and sales of nickel-based alloy materials. The company's main products are K-500, 718, R405, and other corrosion-resistant materials and welding materials, electric vacuum materials, electrical resistance materials, spark plug electrodes. Materials, temperature measuring materials, and other related products.

Executives

Wang Jia Fan	Executives
Li You Long	Supervisors
Jiang Jie	Independent director
Feng Jian	Supervisors
Zhang Yu	Director
Wang Jing Jing	Directors, executives
Qu Li	Supervisors
Li Bai Xiao	Director

Xinjiang Hejin Holding Co (SZSE:000633) Headlines

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