Chongqing Polycomp International (SZSE:301526) Debt-to-Equity : 1.34 (As of Mar. 2024)

View and export this data going back to 2023. Start your Free Trial

What is Chongqing Polycomp International Debt-to-Equity?

Chongqing Polycomp International's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥6,831 Mil. Chongqing Polycomp International's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥4,543 Mil. Chongqing Polycomp International's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥8,460 Mil. Chongqing Polycomp International's debt to equity for the quarter that ended in Mar. 2024 was 1.34.

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 Chongqing Polycomp International's Debt-to-Equity or its related term are showing as below:

SZSE:301526' s Debt-to-Equity Range Over the Past 10 Years
Min: 1.25 Med: 1.51 Max: 1.6
Current: 1.34

During the past 6 years, the highest Debt-to-Equity Ratio of Chongqing Polycomp International was 1.60. The lowest was 1.25. And the median was 1.51.

SZSE:301526's Debt-to-Equity is ranked worse than
82.59% of 936 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.44 vs SZSE:301526: 1.34

Chongqing Polycomp International Debt-to-Equity Historical Data

The historical data trend for Chongqing Polycomp International'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.

Chongqing Polycomp International Debt-to-Equity Chart

Chongqing Polycomp International Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

1.54

1.49

1.43

1.53

1.33

Chongqing Polycomp International 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									-	1.58	1.60	1.33	1.34

Competitive Comparison of Chongqing Polycomp International's Debt-to-Equity

For the Textile Manufacturing subindustry, Chongqing Polycomp International'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.

Chongqing Polycomp International's Debt-to-Equity Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Chongqing Polycomp International's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Chongqing Polycomp International's Debt-to-Equity falls into.

Chongqing Polycomp International Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Chongqing Polycomp International'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
	=	(6721.808	+	4667.251)	/	8547.934
	=	1.33

Chongqing Polycomp International'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
	=	(6831.24	+	4543.27)	/	8460.265
	=	1.34

Chongqing Polycomp International (SZSE:301526) 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.

Chongqing Polycomp International Debt-to-Equity Related Terms

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

Chongqing Polycomp International (SZSE:301526) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Chongqing Polycomp International Corp (SZSE:301526) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Area B, Jianqiao Industrial Park, Dadukou, Chongqing, CHN, 400082

Website

https://www.cpicfiber.com

Chongqing Polycomp International Corp is engaged in research & development, production and sales of glass fiber and its products.

Chongqing Polycomp International (SZSE:301526) Headlines

No Headlines