Hit Welding Industry Co (SZSE:301137) Debt-to-Equity : 0.20 (As of Mar. 2024)

View and export this data going back to 2022. Start your Free Trial

What is Hit Welding Industry Co Debt-to-Equity?

Hit Welding Industry Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥270 Mil. Hit Welding Industry Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥3 Mil. Hit Welding Industry Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥1,347 Mil. Hit Welding Industry Co's debt to equity for the quarter that ended in Mar. 2024 was 0.20.

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 Hit Welding Industry Co's Debt-to-Equity or its related term are showing as below:

SZSE:301137' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.13 Med: 0.21 Max: 0.46
Current: 0.2

During the past 7 years, the highest Debt-to-Equity Ratio of Hit Welding Industry Co was 0.46. The lowest was 0.13. And the median was 0.21.

SZSE:301137's Debt-to-Equity is ranked better than
60.21% of 2631 companies
in the Industrial Products industry
Industry Median: 0.29 vs SZSE:301137: 0.20

Hit Welding Industry Co Debt-to-Equity Historical Data

The historical data trend for Hit Welding Industry 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.

Hit Welding Industry Co Debt-to-Equity Chart

Hit Welding Industry Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

0.21

0.29

0.46

0.18

0.19

Hit Welding Industry Co Quarterly Data
	Dec17	Dec18	Dec19	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														0.13	0.17	0.20	0.19	0.20

Competitive Comparison of Hit Welding Industry Co's Debt-to-Equity

For the Specialty Industrial Machinery subindustry, Hit Welding Industry 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.

Hit Welding Industry Co's Debt-to-Equity Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Hit Welding Industry Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Hit Welding Industry Co's Debt-to-Equity falls into.

Hit Welding Industry Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Hit Welding Industry 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
	=	(250.266	+	2.923)	/	1339.494
	=	0.19

Hit Welding Industry 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
	=	(270.419	+	2.843)	/	1346.819
	=	0.20

Hit Welding Industry Co (SZSE:301137) 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.

Hit Welding Industry Co Debt-to-Equity Related Terms

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

Hit Welding Industry Co (SZSE:301137) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Hit Welding Industry Co Ltd (SZSE:301137) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Yaoguan Town, Wujin District, Jiangsu Province, Changzhou, CHN, 213102

Website

http://www.htw.cn

Hit Welding Industry Co Ltd is engaged in research and development, production and sales of various fusion welding materials. The company manufactures metal welding wire, special electrode, welding accessories, trackless guide permanent magnet wheel crawler type all-position autonomous crawling arc welding robot, hoisting machinery equipment manufacturing, and welding equipment.

Hit Welding Industry Co (SZSE:301137) Headlines

No Headlines