Guangdong Hoshion Aluminium Co (SZSE:002824) Debt-to-Equity : 0.71 (As of Mar. 2024)

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What is Guangdong Hoshion Aluminium Co Debt-to-Equity?

Guangdong Hoshion Aluminium Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥650 Mil. Guangdong Hoshion Aluminium Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥559 Mil. Guangdong Hoshion Aluminium Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥1,693 Mil. Guangdong Hoshion Aluminium Co's debt to equity for the quarter that ended in Mar. 2024 was 0.71.

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 Guangdong Hoshion Aluminium Co's Debt-to-Equity or its related term are showing as below:

SZSE:002824' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.03 Med: 0.31 Max: 0.71
Current: 0.71

During the past 13 years, the highest Debt-to-Equity Ratio of Guangdong Hoshion Aluminium Co was 0.71. The lowest was 0.03. And the median was 0.31.

SZSE:002824's Debt-to-Equity is ranked worse than
81.26% of 1302 companies
in the Metals & Mining industry
Industry Median: 0.13 vs SZSE:002824: 0.71

Guangdong Hoshion Aluminium Co Debt-to-Equity Historical Data

The historical data trend for Guangdong Hoshion Aluminium 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.

Guangdong Hoshion Aluminium Co Debt-to-Equity Chart

Guangdong Hoshion Aluminium Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.34

0.39

0.42

0.35

0.63

Guangdong Hoshion Aluminium 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															0.32	0.34	0.46	0.63	0.71

Competitive Comparison of Guangdong Hoshion Aluminium Co's Debt-to-Equity

For the Aluminum subindustry, Guangdong Hoshion Aluminium 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.

Guangdong Hoshion Aluminium Co's Debt-to-Equity Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Guangdong Hoshion Aluminium Co's Debt-to-Equity falls into.

Guangdong Hoshion Aluminium Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Guangdong Hoshion Aluminium 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
	=	(623.5	+	430.063)	/	1676.287
	=	0.63

Guangdong Hoshion Aluminium 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
	=	(650.411	+	558.603)	/	1693.181
	=	0.71

Guangdong Hoshion Aluminium Co (SZSE:002824) 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.

Guangdong Hoshion Aluminium Co Debt-to-Equity Related Terms

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Guangdong Hoshion Aluminium Co (SZSE:002824) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Guangdong Hoshion Aluminium Co Ltd (SZSE:002824) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

No. 5, Meiyuan Road, Qianyu Industrial Zone, Sanxiang Town, Guangdong Province, Zhongshan, CHN, 528463

Website

http://www.hoshion.com/en

Guangdong Hoshion Aluminium Co Ltd is an industrial aluminum manufacturer. The firm research, produce, and develop aluminum casting, anodizing, tooling, extrusion, and other products. It offers consumer electronics, such as OPC and driven rollers for copier printers; power bank housing products; aluminum for TV frames; electronic products extrusion materials; arm of computer hard disc; seamless pipes for lens; and photographic equipment. It also provides automobile anti-collision beams; high precision large sectional rectangle pipes; colied pipesinner thread pipes; and forging parts. In addition, the firm offers seamless pipes for baseball bars; kitchen and bathroom components; aluminum used lighting and snow shoes; electric heating tubes; and conditioner frames.

Executives

Zhang Hong	Independent director
Jin Jiong	Directors, executives
Li Jian Xiang	Director
Chen Hua Ping	Executives
Li Jiang	Secretary, Director
Huang Jia Hui	Director
Zhou Feng Hui	Supervisors

Guangdong Hoshion Aluminium Co (SZSE:002824) Headlines

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