Jiujiang Defu Technology Co (SZSE:301511) Debt-to-Equity : 1.28 (As of Mar. 2024)

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What is Jiujiang Defu Technology Co Debt-to-Equity?

Jiujiang Defu Technology Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥4,307 Mil. Jiujiang Defu Technology Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥1,028 Mil. Jiujiang Defu Technology Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥4,167 Mil. Jiujiang Defu Technology Co's debt to equity for the quarter that ended in Mar. 2024 was 1.28.

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 Jiujiang Defu Technology Co's Debt-to-Equity or its related term are showing as below:

SZSE:301511' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.56 Med: 1.28 Max: 1.92
Current: 1.28

During the past 6 years, the highest Debt-to-Equity Ratio of Jiujiang Defu Technology Co was 1.92. The lowest was 0.56. And the median was 1.28.

SZSE:301511's Debt-to-Equity is ranked worse than
90.76% of 1309 companies
in the Metals & Mining industry
Industry Median: 0.13 vs SZSE:301511: 1.28

Jiujiang Defu Technology Co Debt-to-Equity Historical Data

The historical data trend for Jiujiang Defu Technology 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.

Jiujiang Defu Technology Co Debt-to-Equity Chart

Jiujiang Defu Technology Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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1.34

0.96

0.90

1.42

1.28

Jiujiang Defu Technology Co Quarterly Data
	Dec18	Dec19	Dec20	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial									1.72	1.92	1.11	1.28	1.28

Competitive Comparison of Jiujiang Defu Technology Co's Debt-to-Equity

For the Copper subindustry, Jiujiang Defu Technology 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.

Jiujiang Defu Technology Co's Debt-to-Equity Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Jiujiang Defu Technology Co's Debt-to-Equity falls into.

Jiujiang Defu Technology Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Jiujiang Defu Technology 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
	=	(4248.526	+	1186.235)	/	4262.028
	=	1.28

Jiujiang Defu Technology 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
	=	(4307.493	+	1028.321)	/	4166.61
	=	1.28

Jiujiang Defu Technology Co (SZSE:301511) 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.

Jiujiang Defu Technology Co Debt-to-Equity Related Terms

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Jiujiang Defu Technology Co (SZSE:301511) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Jiujiang Defu Technology Co Ltd (SZSE:301511) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

No. 15, Shunyi Road, Automobile Industrial Park, Development Zone, Jiangxi Province, Jiujiang, CHN, 332005

Website

http://www.jjdefu.com

Jiujiang Defu Technology Co Ltd is engaged in the research and development, production and sales of various high-performance electrolytic copper foils. The products mainly include various high-performance lithium battery copper foils and electronic circuit copper foils.

Jiujiang Defu Technology Co (SZSE:301511) Headlines

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