Jiangyin Electrical Alloy Co (SZSE:300697) Debt-to-Equity : 0.31 (As of Mar. 2024)

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What is Jiangyin Electrical Alloy Co Debt-to-Equity?

Jiangyin Electrical Alloy Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥345 Mil. Jiangyin Electrical Alloy Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥1 Mil. Jiangyin Electrical Alloy Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥1,103 Mil. Jiangyin Electrical Alloy Co's debt to equity for the quarter that ended in Mar. 2024 was 0.31.

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 Jiangyin Electrical Alloy Co's Debt-to-Equity or its related term are showing as below:

SZSE:300697' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.25 Med: 0.43 Max: 1.48
Current: 0.31

During the past 11 years, the highest Debt-to-Equity Ratio of Jiangyin Electrical Alloy Co was 1.48. The lowest was 0.25. And the median was 0.43.

SZSE:300697's Debt-to-Equity is ranked worse than
66.36% of 1311 companies
in the Metals & Mining industry
Industry Median: 0.13 vs SZSE:300697: 0.31

Jiangyin Electrical Alloy Co Debt-to-Equity Historical Data

The historical data trend for Jiangyin Electrical Alloy 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.

Jiangyin Electrical Alloy Co Debt-to-Equity Chart

Jiangyin Electrical Alloy Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.31

0.32

0.48

0.42

0.27

Jiangyin Electrical Alloy 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															0.46	0.39	0.34	0.27	0.31

Competitive Comparison of Jiangyin Electrical Alloy Co's Debt-to-Equity

For the Copper subindustry, Jiangyin Electrical Alloy 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.

Jiangyin Electrical Alloy Co's Debt-to-Equity Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Jiangyin Electrical Alloy Co's Debt-to-Equity falls into.

Jiangyin Electrical Alloy Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Jiangyin Electrical Alloy 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
	=	(288.727	+	0.643)	/	1056.052
	=	0.27

Jiangyin Electrical Alloy 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
	=	(345.34	+	0.788)	/	1102.813
	=	0.31

Jiangyin Electrical Alloy Co (SZSE:300697) 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.

Jiangyin Electrical Alloy Co Debt-to-Equity Related Terms

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Jiangyin Electrical Alloy Co (SZSE:300697) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Jiangyin Electrical Alloy Co Ltd (SZSE:300697) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

No. 398, North Section of Century Avenue, Zhouzhuang Town, Jiangsu Province, Jiangyin, CHN, 214423

Website

http://www.cn-dghj.com

Jiangyin Electrical Alloy Co Ltd is mainly engaged in the research and development, production as well as sales of non-ferrous metal alloy products. The key product of the company is highly processed copper alloy product, including contact line of railway, carrier cable of railway, copper alloy generatrix and other copper parts.

Jiangyin Electrical Alloy Co (SZSE:300697) Headlines

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