Guangdong Xianglu Tungsten Co (SZSE:002842) Debt-to-Equity : 1.28 (As of Mar. 2024)

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What is Guangdong Xianglu Tungsten Co Debt-to-Equity?

Guangdong Xianglu Tungsten Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥616 Mil. Guangdong Xianglu Tungsten Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥415 Mil. Guangdong Xianglu Tungsten Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥804 Mil. Guangdong Xianglu Tungsten Co's debt to equity for the quarter that ended in Mar. 2024 was 1.28.

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 Xianglu Tungsten Co's Debt-to-Equity or its related term are showing as below:

SZSE:002842' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.12 Med: 0.9 Max: 1.28
Current: 1.28

During the past 13 years, the highest Debt-to-Equity Ratio of Guangdong Xianglu Tungsten Co was 1.28. The lowest was 0.12. And the median was 0.90.

SZSE:002842's Debt-to-Equity is ranked worse than
90.47% of 1301 companies
in the Metals & Mining industry
Industry Median: 0.13 vs SZSE:002842: 1.28

Guangdong Xianglu Tungsten Co Debt-to-Equity Historical Data

The historical data trend for Guangdong Xianglu Tungsten 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 Xianglu Tungsten Co Debt-to-Equity Chart

Guangdong Xianglu Tungsten Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.87

0.95

0.91

0.95

1.17

Guangdong Xianglu Tungsten 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															1.04	1.03	1.13	1.17	1.28

Competitive Comparison of Guangdong Xianglu Tungsten Co's Debt-to-Equity

For the Other Industrial Metals & Mining subindustry, Guangdong Xianglu Tungsten 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 Xianglu Tungsten Co's Debt-to-Equity Distribution in the Metals & Mining Industry

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

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

Guangdong Xianglu Tungsten Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Guangdong Xianglu Tungsten 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
	=	(558.1	+	405.844)	/	823.676
	=	1.17

Guangdong Xianglu Tungsten 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
	=	(616.083	+	414.862)	/	803.939
	=	1.28

Guangdong Xianglu Tungsten Co (SZSE:002842) 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 Xianglu Tungsten Co Debt-to-Equity Related Terms

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Guangdong Xianglu Tungsten Co (SZSE:002842) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Guangdong Xianglu Tungsten Co Ltd (SZSE:002842) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

Shantou Industrial Zone, Xiangqiao District, Guantang Town, Guangdong Province, Chaozhou, CHN, 515633

Website

http://www.xl-tungsten.com

Guangdong Xianglu Tungsten Co Ltd is engaged in research and development, production and marketing of tungsten products in China. The company has a complete product system of APT, WO3, W, WC Powder and Hard Metal and one of the qualified tungsten exports and suppliers in China. It product portfolio includes Tungstates, Oxides and Acid, Tungsten/Tungsten Carbide Powder and Hardmetal/Cemented Carbide.

Executives

Chen Wei Dong	Directors, executives
Yao Ming Qin	Supervisors
Chen Wei Er	Directors, executives
Yi Jun	Directors, executives
Dai Xiang Ping	Executives

Guangdong Xianglu Tungsten Co (SZSE:002842) Headlines

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