ZK International Group Co (ZK International Group Co) Debt-to-Equity : 0.25 (As of Mar. 2023)

View and export this data going back to 2017. Start your Free Trial

What is ZK International Group Co Debt-to-Equity?

ZK International Group Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2023 was $21.5 Mil. ZK International Group Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2023 was $0.0 Mil. ZK International Group Co's Total Stockholders Equity for the quarter that ended in Mar. 2023 was $86.5 Mil. ZK International Group Co's debt to equity for the quarter that ended in Mar. 2023 was 0.25.

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 ZK International Group Co's Debt-to-Equity or its related term are showing as below:

ZKIN' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.24 Med: 0.4 Max: 5.9
Current: 0.25

During the past 8 years, the highest Debt-to-Equity Ratio of ZK International Group Co was 5.90. The lowest was 0.24. And the median was 0.40.

ZKIN's Debt-to-Equity is ranked better than
67.92% of 558 companies
in the Steel industry
Industry Median: 0.415 vs ZKIN: 0.25

ZK International Group Co Debt-to-Equity Historical Data

The historical data trend for ZK International Group 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.

ZK International Group Co Debt-to-Equity Chart

ZK International Group Co Annual Data

Trend

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Debt-to-Equity

Get a 7-Day Free Trial

0.52

0.38

0.41

0.28

0.24

ZK International Group Co Semi-Annual Data
	Sep15	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23
Debt-to-Equity	Get a 7-Day Free Trial										0.24	0.28	0.25	0.24	0.25

Competitive Comparison of ZK International Group Co's Debt-to-Equity

For the Steel subindustry, ZK International Group 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.

ZK International Group Co's Debt-to-Equity Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, ZK International Group Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where ZK International Group Co's Debt-to-Equity falls into.

ZK International Group Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

ZK International Group Co's Debt to Equity Ratio for the fiscal year that ended in Sep. 2022 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
	=	(20.324	+	0.01)	/	84.678
	=	0.24

ZK International Group Co's Debt to Equity Ratio for the quarter that ended in Mar. 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
	=	(21.501	+	0.022)	/	86.542
	=	0.25

ZK International Group Co (NAS:ZKIN) 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.

ZK International Group Co Debt-to-Equity Related Terms

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

ZK International Group Co (ZK International Group Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » ZK International Group Co Ltd (NAS:ZKIN) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

C/o Zhejiang Zhengkang Industrial Co., Ltd., No. 678 Dingxiang Road, Binhai Industrial Park, Zhejiang Province, Economic and Technology Development Zone, Wenzhou, CHN, 325025

Website

https://www.zkinternationalgroup.com

ZK International Group Co Ltd is engaged in the manufacture and marketing of metal pipes. The company is specialized in producing double-press thin-walled stainless steel tube and fittings, carbon steel tube and fittings, single-press tube and fittings, and stainless-steel strip. The products are used in restaurants, hotel, hospital, firefighting, food, beverage, ship, engine, industrial seawater desalination and systems of direct-drinking water, cold /hot water supply, city water supply, gas of large/middle scale construction projects.