Weihai Guangwei Composites Co (SZSE:300699) Debt-to-Equity : 0.08 (As of Mar. 2024)

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What is Weihai Guangwei Composites Co Debt-to-Equity?

Weihai Guangwei Composites Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥90 Mil. Weihai Guangwei Composites Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥361 Mil. Weihai Guangwei Composites Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥5,449 Mil. Weihai Guangwei Composites Co's debt to equity for the quarter that ended in Mar. 2024 was 0.08.

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 Weihai Guangwei Composites Co's Debt-to-Equity or its related term are showing as below:

SZSE:300699' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.01 Max: 0.35
Current: 0.08

During the past 12 years, the highest Debt-to-Equity Ratio of Weihai Guangwei Composites Co was 0.35. The lowest was 0.00. And the median was 0.01.

SZSE:300699's Debt-to-Equity is ranked better than
80.44% of 1396 companies
in the Chemicals industry
Industry Median: 0.35 vs SZSE:300699: 0.08

Weihai Guangwei Composites Co Debt-to-Equity Historical Data

The historical data trend for Weihai Guangwei Composites 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.

Weihai Guangwei Composites Co Debt-to-Equity Chart

Weihai Guangwei Composites Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.01

0.04

Weihai Guangwei Composites 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															0.01	0.01	0.03	0.04	0.08

Competitive Comparison of Weihai Guangwei Composites Co's Debt-to-Equity

For the Chemicals subindustry, Weihai Guangwei Composites 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.

Weihai Guangwei Composites Co's Debt-to-Equity Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Weihai Guangwei Composites Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Weihai Guangwei Composites Co's Debt-to-Equity falls into.

Weihai Guangwei Composites Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Weihai Guangwei Composites 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
	=	(107.371	+	123.685)	/	5448.026
	=	0.04

Weihai Guangwei Composites 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
	=	(89.945	+	360.518)	/	5449.488
	=	0.08

Weihai Guangwei Composites Co (SZSE:300699) 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.

Weihai Guangwei Composites Co Debt-to-Equity Related Terms

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Weihai Guangwei Composites Co (SZSE:300699) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Weihai Guangwei Composites Co Ltd (SZSE:300699) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

Tianjin High Road - 130, Hi-Tech District, Shandong Province, Weihai, CHN, 264202

Website

http://www.gwcfc.com

Weihai Guangwei Composites Co Ltd is engaged in research, development, and production of advanced composites. It offers carbon, reinforced fiber fabric, prepregs and composite products. It is also engaged in equipment manufacturing. The company's composites and products are widely applied in various industries which include wind power, shipbuilding, sports industry, transportation industry, medical apparatus and instrument, textile machinery, industrial machinery, musical equipment, photographic equipment and the building.

Weihai Guangwei Composites Co (SZSE:300699) Headlines

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