Tibet GaoZheng Explosive Co (SZSE:002827) Debt-to-Equity : 1.37 (As of Jun. 2024)

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What is Tibet GaoZheng Explosive Co Debt-to-Equity?

Tibet GaoZheng Explosive Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was ¥509 Mil. Tibet GaoZheng Explosive Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was ¥638 Mil. Tibet GaoZheng Explosive Co's Total Stockholders Equity for the quarter that ended in Jun. 2024 was ¥836 Mil. Tibet GaoZheng Explosive Co's debt to equity for the quarter that ended in Jun. 2024 was 1.37.

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 Tibet GaoZheng Explosive Co's Debt-to-Equity or its related term are showing as below:

SZSE:002827' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.04 Med: 0.28 Max: 1.4
Current: 1.37

During the past 12 years, the highest Debt-to-Equity Ratio of Tibet GaoZheng Explosive Co was 1.40. The lowest was 0.04. And the median was 0.28.

SZSE:002827's Debt-to-Equity is ranked worse than
90.93% of 1400 companies
in the Chemicals industry
Industry Median: 0.36 vs SZSE:002827: 1.37

Tibet GaoZheng Explosive Co Debt-to-Equity Historical Data

The historical data trend for Tibet GaoZheng Explosive 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.

Tibet GaoZheng Explosive Co Debt-to-Equity Chart

Tibet GaoZheng Explosive Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.19

0.36

0.45

0.92

1.33

Tibet GaoZheng Explosive 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															1.15	1.20	1.33	1.40	1.37

Competitive Comparison of Tibet GaoZheng Explosive Co's Debt-to-Equity

For the Specialty Chemicals subindustry, Tibet GaoZheng Explosive 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.

Tibet GaoZheng Explosive Co's Debt-to-Equity Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Tibet GaoZheng Explosive Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Tibet GaoZheng Explosive Co's Debt-to-Equity falls into.

Tibet GaoZheng Explosive Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Tibet GaoZheng Explosive 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
	=	(380.464	+	713.838)	/	820.075
	=	1.33

Tibet GaoZheng Explosive 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
	=	(509.014	+	638.098)	/	835.585
	=	1.37

Tibet GaoZheng Explosive Co (SZSE:002827) 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.

Tibet GaoZheng Explosive Co Debt-to-Equity Related Terms

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Tibet GaoZheng Explosive Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Tibet GaoZheng Explosive Co Ltd (SZSE:002827) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 18, Linqiongang Road, Area A, Lhasa Economic and Technological Development Zone, Tibet Autonomous Region, Lhasa, CHN, 850000

Website

http://www.xzmbgf.com

Tibet GaoZheng Explosive Co Ltd is a civil explosive enterprise based in China. The main business scope is the production, sale, storage and transportation of civil explosives such as industrial explosives, industrial detonators and industrial cables through its own marketing network. In addition, the company is also engaged in the construction of soil rock blasting works, construction of non-coal mine blasting works and demolition safety assessment.

Tibet GaoZheng Explosive Co Headlines

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