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Chongqing Shunbo Aluminum Co (SZSE:002996) Debt-to-Equity : 1.45 (As of Mar. 2024)


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What is Chongqing Shunbo Aluminum Co Debt-to-Equity?

Chongqing Shunbo Aluminum Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥3,614 Mil. Chongqing Shunbo Aluminum Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥1,072 Mil. Chongqing Shunbo Aluminum Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥3,225 Mil. Chongqing Shunbo Aluminum Co's debt to equity for the quarter that ended in Mar. 2024 was 1.45.

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 Chongqing Shunbo Aluminum Co's Debt-to-Equity or its related term are showing as below:

SZSE:002996' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.26   Med: 0.79   Max: 1.58
Current: 1.45

During the past 13 years, the highest Debt-to-Equity Ratio of Chongqing Shunbo Aluminum Co was 1.58. The lowest was 0.26. And the median was 0.79.

SZSE:002996's Debt-to-Equity is ranked worse than
92.01% of 1302 companies
in the Metals & Mining industry
Industry Median: 0.13 vs SZSE:002996: 1.45

Chongqing Shunbo Aluminum Co Debt-to-Equity Historical Data

The historical data trend for Chongqing Shunbo Aluminum 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.

Chongqing Shunbo Aluminum Co Debt-to-Equity Chart

Chongqing Shunbo Aluminum 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 0.37 0.29 0.89 1.07 1.58

Chongqing Shunbo Aluminum 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 1.20 1.26 1.46 1.58 1.45

Competitive Comparison of Chongqing Shunbo Aluminum Co's Debt-to-Equity

For the Aluminum subindustry, Chongqing Shunbo Aluminum 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.


Chongqing Shunbo Aluminum Co's Debt-to-Equity Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Chongqing Shunbo Aluminum Co's Debt-to-Equity falls into.



Chongqing Shunbo Aluminum Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Chongqing Shunbo Aluminum Co's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Chongqing Shunbo Aluminum 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.


Chongqing Shunbo Aluminum Co  (SZSE:002996) 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.


Chongqing Shunbo Aluminum Co Debt-to-Equity Related Terms

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Chongqing Shunbo Aluminum Co (SZSE:002996) Business Description

Traded in Other Exchanges
N/A
Address
Caojie Development Park, Hechuan District, Chongqing, CHN, 402760
Chongqing Shunbo Aluminum Co Ltd formerly known as Chongqing Soonbest Aluminum Alloy Co Ltd is engaged in production and sales of secondary aluminum alloy ingots. The company produces and sells aluminum alloy ingots for auto parts, motorcycle parts; metal materials, mechanical and electrical products, building materials, industrial silicon.
Executives
Wang Zeng Chao Directors, executives
Wang Qi Director
Wang Zhen Jian Director
Luo Le Supervisors
Wang Hui Directors, Directors, and Executives

Chongqing Shunbo Aluminum Co (SZSE:002996) Headlines

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