Dehua Tb New Decoration Material Co (SZSE:002043) Debt-to-Equity : 0.02 (As of Mar. 2024)

View and export this data going back to 2005. Start your Free Trial

What is Dehua Tb New Decoration Material Co Debt-to-Equity?

Dehua Tb New Decoration Material Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥28 Mil. Dehua Tb New Decoration Material Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥23 Mil. Dehua Tb New Decoration Material Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥3,204 Mil. Dehua Tb New Decoration Material Co's debt to equity for the quarter that ended in Mar. 2024 was 0.02.

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 Dehua Tb New Decoration Material Co's Debt-to-Equity or its related term are showing as below:

SZSE:002043' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.32 Max: 0.9
Current: 0.02

During the past 13 years, the highest Debt-to-Equity Ratio of Dehua Tb New Decoration Material Co was 0.90. The lowest was 0.00. And the median was 0.32.

SZSE:002043's Debt-to-Equity is ranked better than
95.08% of 264 companies
in the Forest Products industry
Industry Median: 0.505 vs SZSE:002043: 0.02

Dehua Tb New Decoration Material Co Debt-to-Equity Historical Data

The historical data trend for Dehua Tb New Decoration 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.

Dehua Tb New Decoration Material Co Debt-to-Equity Chart

Dehua Tb New Decoration Material Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

0.51

0.57

0.45

0.19

0.03

Dehua Tb New Decoration 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															0.13	0.11	0.05	0.03	0.02

Competitive Comparison of Dehua Tb New Decoration Material Co's Debt-to-Equity

For the Lumber & Wood Production subindustry, Dehua Tb New Decoration 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.

Dehua Tb New Decoration Material Co's Debt-to-Equity Distribution in the Forest Products Industry

For the Forest Products industry and Basic Materials sector, Dehua Tb New Decoration Material Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Dehua Tb New Decoration Material Co's Debt-to-Equity falls into.

Dehua Tb New Decoration Material Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Dehua Tb New Decoration 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
	=	(80.765	+	28.404)	/	3207.145
	=	0.03

Dehua Tb New Decoration 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
	=	(28.426	+	23.086)	/	3204.184
	=	0.02

Dehua Tb New Decoration Material Co (SZSE:002043) 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.

Dehua Tb New Decoration Material Co Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Dehua Tb New Decoration Material Co's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Dehua Tb New Decoration Material Co (SZSE:002043) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Dehua Tb New Decoration Material Co Ltd (SZSE:002043) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Luoshe Town Industrial Zone, Deqing County, Zhejiang Province, Huzhou, CHN, 313200

Website

http://www.tubaobao.com

Dehua Tb New Decoration Material Co Ltd is a China-based decorative plywood manufacturer. Its product portfolio comprises veneers, plywood, flitches, wooden doors, adhesive products, raw wood and single boards, and others. The company sells its products in China and also exports it to the other international countries.

Dehua Tb New Decoration Material Co (SZSE:002043) Headlines

No Headlines