ZYF Lopsking Material Technology Co (SZSE:002333) Debt-to-Equity : 0.30 (As of Mar. 2024)

View and export this data going back to 2010. Start your Free Trial

What is ZYF Lopsking Material Technology Co Debt-to-Equity?

ZYF Lopsking Material Technology Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥427 Mil. ZYF Lopsking Material Technology Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥144 Mil. ZYF Lopsking Material Technology Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥1,899 Mil. ZYF Lopsking Material Technology Co's debt to equity for the quarter that ended in Mar. 2024 was 0.30.

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 ZYF Lopsking Material Technology Co's Debt-to-Equity or its related term are showing as below:

SZSE:002333' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.04 Max: 0.32
Current: 0.3

During the past 13 years, the highest Debt-to-Equity Ratio of ZYF Lopsking Material Technology Co was 0.32. The lowest was 0.00. And the median was 0.04.

SZSE:002333's Debt-to-Equity is ranked worse than
65.06% of 1308 companies
in the Metals & Mining industry
Industry Median: 0.13 vs SZSE:002333: 0.30

ZYF Lopsking Material Technology Co Debt-to-Equity Historical Data

The historical data trend for ZYF Lopsking Material Technology 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.

ZYF Lopsking Material Technology Co Debt-to-Equity Chart

ZYF Lopsking Material Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

0.02

0.20

0.32

ZYF Lopsking Material Technology 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															0.24	0.28	0.30	0.32	0.30

Competitive Comparison of ZYF Lopsking Material Technology Co's Debt-to-Equity

For the Aluminum subindustry, ZYF Lopsking Material Technology 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.

ZYF Lopsking Material Technology Co's Debt-to-Equity Distribution in the Metals & Mining Industry

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

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

ZYF Lopsking Material Technology Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

ZYF Lopsking Material Technology 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
	=	(470.912	+	128.197)	/	1880.005
	=	0.32

ZYF Lopsking Material Technology 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
	=	(427.21	+	143.93)	/	1899.074
	=	0.30

ZYF Lopsking Material Technology Co (SZSE:002333) 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.

ZYF Lopsking Material Technology Co Debt-to-Equity Related Terms

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

ZYF Lopsking Material Technology Co (SZSE:002333) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » ZYF Lopsking Material Technology Co Ltd (SZSE:002333) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

No. 2777 Taidong Road, Panyang Industrial Park, Huangdai Town, Xiangcheng District, Jiangsu Province, Suzhou, CHN, 215143

Website

http://www.lpsk.com.cn

ZYF Lopsking Material Technology Co Ltd is engaged in the research and development, production and sales of aluminum alloy cast rods, aluminum alloy extruded profiles including architectural aluminum profiles, industrial aluminum profiles and their processed products.

Executives

Yang Long Mei

Supervisors

ZYF Lopsking Material Technology Co (SZSE:002333) Headlines

No Headlines