Orinko Advanced Plastics Co (SHSE:688219) Debt-to-Equity : 1.23 (As of Jun. 2024)

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What is Orinko Advanced Plastics Co Debt-to-Equity?

Orinko Advanced Plastics Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was ¥1,280 Mil. Orinko Advanced Plastics Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was ¥1,151 Mil. Orinko Advanced Plastics Co's Total Stockholders Equity for the quarter that ended in Jun. 2024 was ¥1,969 Mil. Orinko Advanced Plastics Co's debt to equity for the quarter that ended in Jun. 2024 was 1.23.

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 Orinko Advanced Plastics Co's Debt-to-Equity or its related term are showing as below:

SHSE:688219' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.48 Med: 1.13 Max: 1.51
Current: 1.23

During the past 7 years, the highest Debt-to-Equity Ratio of Orinko Advanced Plastics Co was 1.51. The lowest was 0.48. And the median was 1.13.

SHSE:688219's Debt-to-Equity is ranked worse than
88.57% of 1400 companies
in the Chemicals industry
Industry Median: 0.36 vs SHSE:688219: 1.23

Orinko Advanced Plastics Co Debt-to-Equity Historical Data

The historical data trend for Orinko Advanced Plastics 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.

Orinko Advanced Plastics Co Debt-to-Equity Chart

Orinko Advanced Plastics Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

1.02

0.80

1.02

1.51

1.26

Orinko Advanced Plastics Co Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Debt-to-Equity	Get a 7-Day Free Trial															1.38	1.23	1.26	1.20	1.23

Competitive Comparison of Orinko Advanced Plastics Co's Debt-to-Equity

For the Specialty Chemicals subindustry, Orinko Advanced Plastics 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.

Orinko Advanced Plastics Co's Debt-to-Equity Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Orinko Advanced Plastics Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Orinko Advanced Plastics Co's Debt-to-Equity falls into.

Orinko Advanced Plastics Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Orinko Advanced Plastics 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
	=	(1462.715	+	958.973)	/	1916.458
	=	1.26

Orinko Advanced Plastics Co's Debt to Equity Ratio for the quarter that ended in Jun. 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
	=	(1279.865	+	1150.903)	/	1969.161
	=	1.23

Orinko Advanced Plastics Co (SHSE:688219) 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.

Orinko Advanced Plastics Co Debt-to-Equity Related Terms

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Orinko Advanced Plastics Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Orinko Advanced Plastics Co Ltd (SHSE:688219) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 2, Luhua Road, Baiyan Science and Technology Park, High-tech Zone, Hefei, CHN, 231202

Website

http://www.orinko.com.cn

Orinko Advanced Plastics Co Ltd is engaged in the research and development, production and sales of polymer modified materials, and providing customers with high-performance and functional material solutions. The company has a variety of product platforms for polyolefins, polystyrenes, engineering plastics and other categories, with a rich product range, and more than 300 varieties of polymer high-performance and functional products. Its products are widely used in many national pillar industries and emerging industries such as home appliances, automobiles, 5G communications, electronic and electrical, medical, rail transit, home building materials, security and so on.

Executives

Li Rong Qun	Director
Wang Can Yao	Directors, senior managers

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