Asia-Potash International Investment (Guangzhou) Co (SZSE:000893) Debt-to-Equity : 0.16 (As of Mar. 2024)

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What is Asia-Potash International Investment (Guangzhou) Co Debt-to-Equity?

Asia-Potash International Investment (Guangzhou) Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥471 Mil. Asia-Potash International Investment (Guangzhou) Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥1,380 Mil. Asia-Potash International Investment (Guangzhou) Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥11,290 Mil. Asia-Potash International Investment (Guangzhou) Co's debt to equity for the quarter that ended in Mar. 2024 was 0.16.

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 Asia-Potash International Investment (Guangzhou) Co's Debt-to-Equity or its related term are showing as below:

SZSE:000893' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.02 Max: 12.89
Current: 0.16

During the past 13 years, the highest Debt-to-Equity Ratio of Asia-Potash International Investment (Guangzhou) Co was 12.89. The lowest was 0.00. And the median was 0.02.

SZSE:000893's Debt-to-Equity is ranked better than
68.49% of 219 companies
in the Agriculture industry
Industry Median: 0.35 vs SZSE:000893: 0.16

Asia-Potash International Investment (Guangzhou) Co Debt-to-Equity Historical Data

The historical data trend for Asia-Potash International Investment (Guangzhou) 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.

Asia-Potash International Investment (Guangzhou) Co Debt-to-Equity Chart

Asia-Potash International Investment (Guangzhou) Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.01

0.09

Asia-Potash International Investment (Guangzhou) 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															-	0.02	0.05	0.09	0.16

Competitive Comparison of Asia-Potash International Investment (Guangzhou) Co's Debt-to-Equity

For the Agricultural Inputs subindustry, Asia-Potash International Investment (Guangzhou) 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.

Asia-Potash International Investment (Guangzhou) Co's Debt-to-Equity Distribution in the Agriculture Industry

For the Agriculture industry and Basic Materials sector, Asia-Potash International Investment (Guangzhou) Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Asia-Potash International Investment (Guangzhou) Co's Debt-to-Equity falls into.

Asia-Potash International Investment (Guangzhou) Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Asia-Potash International Investment (Guangzhou) 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
	=	(467.546	+	575.552)	/	11227.146
	=	0.09

Asia-Potash International Investment (Guangzhou) 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
	=	(470.971	+	1379.6)	/	11289.854
	=	0.16

Asia-Potash International Investment (Guangzhou) Co (SZSE:000893) 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.

Asia-Potash International Investment (Guangzhou) Co Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Asia-Potash International Investment (Guangzhou) Co's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Asia-Potash International Investment (Guangzhou) Co (SZSE:000893) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » Asia-Potash International Investment (Guangzhou) Co Ltd (SZSE:000893) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1166 Xin Gang East Road, 19th Floor, South Tower, International Commerce Place, Guangzhou, CHN, 510330

Website

http://www.dongling.cn

Asia-Potash International Investment (Guangzhou) Co Ltd, formerly Donlinks International Investment Co Ltd is primarily involved in the grain trading activities. It trades in corns, sorghums, feeds barleys, DDGs, and others. Further, it is also engaged in the business of overseas dry bulk carriers such as coal and iron ore and provides logistics solution. The business activities are carried out through China.

Asia-Potash International Investment (Guangzhou) Co (SZSE:000893) Headlines

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