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Zhejiang Weixing New Building Materials Co (SZSE:002372) Debt-to-Equity : 0.00 (As of Mar. 2024)


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What is Zhejiang Weixing New Building Materials Co Debt-to-Equity?

Zhejiang Weixing New Building Materials Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥6 Mil. Zhejiang Weixing New Building Materials Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥11 Mil. Zhejiang Weixing New Building Materials Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥5,704 Mil. Zhejiang Weixing New Building Materials Co's debt to equity for the quarter that ended in Mar. 2024 was 0.00.

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 Zhejiang Weixing New Building Materials Co's Debt-to-Equity or its related term are showing as below:

During the past 13 years, the highest Debt-to-Equity Ratio of Zhejiang Weixing New Building Materials Co was 0.01. The lowest was 0.00. And the median was 0.00.

SZSE:002372's Debt-to-Equity is not ranked *
in the Construction industry.
Industry Median: 0.44
* Ranked among companies with meaningful Debt-to-Equity only.

Zhejiang Weixing New Building Materials Co Debt-to-Equity Historical Data

The historical data trend for Zhejiang Weixing New Building 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.

* Premium members only.

Zhejiang Weixing New Building Materials Co Debt-to-Equity Chart

Zhejiang Weixing New Building Materials Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - 0.01 -

Zhejiang Weixing New Building 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.01 0.01 0.01 - -

Competitive Comparison of Zhejiang Weixing New Building Materials Co's Debt-to-Equity

For the Building Products & Equipment subindustry, Zhejiang Weixing New Building 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.


Zhejiang Weixing New Building Materials Co's Debt-to-Equity Distribution in the Construction Industry

For the Construction industry and Industrials sector, Zhejiang Weixing New Building Materials Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Zhejiang Weixing New Building Materials Co's Debt-to-Equity falls into.



Zhejiang Weixing New Building Materials Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Zhejiang Weixing New Building Materials Co's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Zhejiang Weixing New Building Materials Co's Debt to Equity Ratio for the quarter that ended in Mar. 2024 is calculated as

* 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.


Zhejiang Weixing New Building Materials Co  (SZSE:002372) 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.


Zhejiang Weixing New Building Materials Co Debt-to-Equity Related Terms

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Zhejiang Weixing New Building Materials Co (SZSE:002372) Business Description

Traded in Other Exchanges
N/A
Address
Linhai Economic Development Zone, Zhejiang, Taizhou, CHN, 317000
Zhejiang Weixing New Building Materials Co Ltd is a China-based company engaged in manufacturing and processing plastic pipe, new building materials, raw and auxiliary accessories, sanitary ware, water meters and valves. Its brands consist of Weixing, annette, and KALE.
Executives
Jin Hong Yang Directors, executives
Qi Jin Xiu Executives
Xie Jin Kun Director
Chen An Men Executives
Zhang San Yun Director
Li Xiao Ming Securities Affairs Representative
Zhang Ka Peng Director
Chen Guo Gui Supervisors
Shi Guo Jun Executives
Qu San Lu Executives

Zhejiang Weixing New Building Materials Co (SZSE:002372) Headlines

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