Tianshan Material Co (SZSE:000877) Debt-to-Equity : 1.42 (As of Mar. 2024)

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What is Tianshan Material Co Debt-to-Equity?

Tianshan Material Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥35,600 Mil. Tianshan Material Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥81,210 Mil. Tianshan Material Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥82,307 Mil. Tianshan Material 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 Tianshan Material Co's Debt-to-Equity or its related term are showing as below:

SZSE:000877' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.07 Med: 1.17 Max: 1.5
Current: 1.42

During the past 13 years, the highest Debt-to-Equity Ratio of Tianshan Material Co was 1.50. The lowest was 0.07. And the median was 1.17.

SZSE:000877's Debt-to-Equity is ranked worse than
90.63% of 352 companies
in the Building Materials industry
Industry Median: 0.39 vs SZSE:000877: 1.42

Tianshan Material Co Debt-to-Equity Historical Data

The historical data trend for Tianshan 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.

Tianshan Material Co Debt-to-Equity Chart

Tianshan Material Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

0.27

1.00

1.09

1.14

1.28

Tianshan Material 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															1.28	1.36	1.41	1.28	1.42

Competitive Comparison of Tianshan Material Co's Debt-to-Equity

For the Building Materials subindustry, Tianshan 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.

Tianshan Material Co's Debt-to-Equity Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, Tianshan Material Co's Debt-to-Equity distribution charts can be found below:

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

Tianshan Material Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Tianshan 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
	=	(38130.6	+	69136.05)	/	84147.178
	=	1.27

Tianshan 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
	=	(35600.346	+	81210.488)	/	82307.347
	=	1.42

Tianshan Material Co (SZSE:000877) 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.

Tianshan Material Co Debt-to-Equity Related Terms

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Tianshan Material Co (SZSE:000877) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Tianshan Material Co Ltd (SZSE:000877) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

Baiyanggou Village, Xinjiang Uygur Autonomous Region, Daban District, Urumqi, CHN, 830013

Website

http://www.sinoma-tianshan.cn

Xinjiang Tianshan Cement Co Ltd is a major cement producer in northwest China. It is mainly engaged in production, distribution, and research and development of ordinary cement.

Tianshan Material Co (SZSE:000877) Headlines

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