Guangdong Feinan Resources Recycling Co (SZSE:301500) Debt-to-Equity : 1.09 (As of Mar. 2024)

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What is Guangdong Feinan Resources Recycling Co Debt-to-Equity?

Guangdong Feinan Resources Recycling Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥2,511 Mil. Guangdong Feinan Resources Recycling Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥2,188 Mil. Guangdong Feinan Resources Recycling Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥4,309 Mil. Guangdong Feinan Resources Recycling Co's debt to equity for the quarter that ended in Mar. 2024 was 1.09.

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 Guangdong Feinan Resources Recycling Co's Debt-to-Equity or its related term are showing as below:

SZSE:301500' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.4 Max: 1.18
Current: 1.09

During the past 7 years, the highest Debt-to-Equity Ratio of Guangdong Feinan Resources Recycling Co was 1.18. The lowest was 0.01. And the median was 0.40.

SZSE:301500's Debt-to-Equity is ranked worse than
71.82% of 220 companies
in the Waste Management industry
Industry Median: 0.745 vs SZSE:301500: 1.09

Guangdong Feinan Resources Recycling Co Debt-to-Equity Historical Data

The historical data trend for Guangdong Feinan Resources Recycling 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.

Guangdong Feinan Resources Recycling Co Debt-to-Equity Chart

Guangdong Feinan Resources Recycling Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.01

0.18

0.44

0.85

0.99

Guangdong Feinan Resources Recycling Co Quarterly Data
	Dec17	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial											-	1.18	1.05	0.99	1.09

Competitive Comparison of Guangdong Feinan Resources Recycling Co's Debt-to-Equity

For the Waste Management subindustry, Guangdong Feinan Resources Recycling 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.

Guangdong Feinan Resources Recycling Co's Debt-to-Equity Distribution in the Waste Management Industry

For the Waste Management industry and Industrials sector, Guangdong Feinan Resources Recycling Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Guangdong Feinan Resources Recycling Co's Debt-to-Equity falls into.

Guangdong Feinan Resources Recycling Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Guangdong Feinan Resources Recycling 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
	=	(2204.975	+	2108.981)	/	4381.598
	=	0.98

Guangdong Feinan Resources Recycling 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
	=	(2510.874	+	2187.793)	/	4308.854
	=	1.09

Guangdong Feinan Resources Recycling Co (SZSE:301500) 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.

Guangdong Feinan Resources Recycling Co Debt-to-Equity Related Terms

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Guangdong Feinan Resources Recycling Co (SZSE:301500) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Guangdong Feinan Resources Recycling Co Ltd (SZSE:301500) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 3-6, Dachong Section, Guihe Road, Lishui Town, Nanhai, Guangdong, Foshan, CHN, 526233

Website

https://www.feinanresources.com

Guangdong Feinan Resources Recycling Co Ltd is mainly engaged in the disposal of non-ferrous metal hazardous waste and the recycling of renewable resources. It is an environmental protection enterprise covering hazardous waste collection, harmless disposal, and resource recycling. The company applies traditional metallurgical technology to the non-ferrous metal hazardous waste disposal and utilization business. It can combine different batches of hazardous waste with low metal grade and different impurity content with copper-containing materials and adopt leading process technology to ultimately produce electrolytic copper, and ice Copper, anode slime and other resource-based products can truly realize resource regeneration and turn waste into treasure.

Guangdong Feinan Resources Recycling Co (SZSE:301500) Headlines

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