Levima Advanced Materials (SZSE:003022) Debt-to-Equity : 1.21 (As of Mar. 2024)

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What is Levima Advanced Materials Debt-to-Equity?

Levima Advanced Materials's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥4,383 Mil. Levima Advanced Materials's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥4,276 Mil. Levima Advanced Materials's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥7,176 Mil. Levima Advanced Materials's debt to equity for the quarter that ended in Mar. 2024 was 1.21.

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 Levima Advanced Materials's Debt-to-Equity or its related term are showing as below:

SZSE:003022' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.52 Med: 0.87 Max: 2.09
Current: 1.21

During the past 8 years, the highest Debt-to-Equity Ratio of Levima Advanced Materials was 2.09. The lowest was 0.52. And the median was 0.87.

SZSE:003022's Debt-to-Equity is ranked worse than
88.4% of 1396 companies
in the Chemicals industry
Industry Median: 0.35 vs SZSE:003022: 1.21

Levima Advanced Materials Debt-to-Equity Historical Data

The historical data trend for Levima Advanced Materials'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.

Levima Advanced Materials Debt-to-Equity Chart

Levima Advanced Materials Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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1.19

0.54

0.66

0.73

1.00

Levima Advanced Materials 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															0.81	0.84	0.92	1.00	1.21

Competitive Comparison of Levima Advanced Materials's Debt-to-Equity

For the Chemicals subindustry, Levima Advanced Materials'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.

Levima Advanced Materials's Debt-to-Equity Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Levima Advanced Materials's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Levima Advanced Materials's Debt-to-Equity falls into.

Levima Advanced Materials Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Levima Advanced Materials'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
	=	(4185.763	+	2905.029)	/	7121.528
	=	1.00

Levima Advanced Materials'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
	=	(4382.771	+	4275.928)	/	7175.923
	=	1.21

Levima Advanced Materials (SZSE:003022) 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.

Levima Advanced Materials Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Levima Advanced Materials's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Levima Advanced Materials (SZSE:003022) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Levima Advanced Materials Corp (SZSE:003022) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

Resident of Mushi Town, Shandong Province (Mushi Industrial Park), Tengzhou, CHN, 277500

Website

http://www.levima.cn

Levima Advanced Materials Corp is a producer and supplier of high-end advanced material products and solutions. Levima advanced material product mainly include Ethylene-vinyl acetate, polypropylene, ethylene oxide and ethylene oxide derivative, which are widely used in photovoltaic, cable, shoe material, plastic, daily chemical, textile, construction, road, bridge, automobile, leather, coating, agricultural chemical, metal processing and other fields.

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