Western Metal Materials Co (SZSE:002149) Debt-to-Equity : 0.57 (As of Mar. 2024)

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What is Western Metal Materials Co Debt-to-Equity?

Western Metal Materials Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥1,511 Mil. Western Metal Materials Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥175 Mil. Western Metal Materials Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥2,963 Mil. Western Metal Materials Co's debt to equity for the quarter that ended in Mar. 2024 was 0.57.

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 Western Metal Materials Co's Debt-to-Equity or its related term are showing as below:

SZSE:002149' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.39 Med: 0.58 Max: 1.63
Current: 0.57

During the past 13 years, the highest Debt-to-Equity Ratio of Western Metal Materials Co was 1.63. The lowest was 0.39. And the median was 0.58.

SZSE:002149's Debt-to-Equity is ranked worse than
77.38% of 1300 companies
in the Metals & Mining industry
Industry Median: 0.13 vs SZSE:002149: 0.57

Western Metal Materials Co Debt-to-Equity Historical Data

The historical data trend for Western Metal Materials 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.

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Western Metal Materials Co Debt-to-Equity Chart

Western Metal Materials 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

0.58

0.56

0.59

0.58

Western Metal Materials 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															0.69	0.73	0.68	0.58	0.57

Competitive Comparison of Western Metal Materials Co's Debt-to-Equity

For the Other Industrial Metals & Mining subindustry, Western Metal Materials 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.

Western Metal Materials Co's Debt-to-Equity Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Western Metal Materials Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Western Metal Materials Co's Debt-to-Equity falls into.

Western Metal Materials Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Western Metal Materials 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
	=	(1128.826	+	556.329)	/	2921.832
	=	0.58

Western Metal Materials 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
	=	(1510.807	+	175.249)	/	2962.55
	=	0.57

Western Metal Materials Co (SZSE:002149) 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.

Western Metal Materials Co Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Western Metal Materials Co's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Western Metal Materials Co (SZSE:002149) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Western Metal Materials Co Ltd (SZSE:002149) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

No. 56 Keji 3rd Road, New and High-Technology Development Zone, Xi'an, Shanxi, CHN, 710065

Website

http://www.c-wmm.com

Western Metal Materials Co Ltd is a China-based company engaged in the research and development, manufacture and sales of rare metal products. It provides rare metal clad materials and products, titanium products, metal fibers and products, refractory metal products, tungsten-molybdenum materials, as well as precious metal products and others. The company is also engaged in the rare metal testing and processing business. The company distributes its products in domestic market and to overseas markets.

Executives

Yang Li Rong	Independent director
Yang Yan An	Executives
Gu Liang	Directors, executives
Zheng Xue Jun	Executives
Yang Jian Chao	Executives
Liu Yong	Executives
Yan Xue Bai	Director
Li Zhang Liang	Supervisors
Gao Wen Zhu	Directors, executives
Zhang Hong Guo	Supervisors, within half a year of separation

Western Metal Materials Co (SZSE:002149) Headlines

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