Satellite Chemical Co.,Ltd.

Shenzhen Stock Exchange 002648.SZ

Satellite Chemical Co.,Ltd. Debt to Equity Ratio for the year ending December 31, 2023: 1.10

Satellite Chemical Co.,Ltd. Debt to Equity Ratio is 1.10 for the year ending December 31, 2023, a -14.52% change year over year. Debt to equity ratio represents the financing from debt versus equity. Higher ratio indicates more debt reliance, suggesting potential risk.

Satellite Chemical Co.,Ltd. Debt to Equity Ratio for the year ending December 31, 2022 was 1.29, a 10.85% change year over year.
Satellite Chemical Co.,Ltd. Debt to Equity Ratio for the year ending December 31, 2021 was 1.16, a 35.65% change year over year.
Satellite Chemical Co.,Ltd. Debt to Equity Ratio for the year ending December 31, 2020 was 0.86, a 36.17% change year over year.
Satellite Chemical Co.,Ltd. Debt to Equity Ratio for the year ending December 31, 2019 was 0.63, a 40.98% change year over year.

Key data

Date	Debt to Equity Ratio	Debt to Income Ratio	Debt to Tangible Net Worth Ratio	Dividend Coverage Ratio

Shenzhen Stock Exchange: 002648.SZ

Satellite Chemical Co.,Ltd.

CEO	Mr. Wei Dong Yang
IPO Date	Dec. 28, 2011
Location	China
Headquarters	No. 196 Fuqiang Road
Employees	4,688
Sector	Materials
Industries Chemicals & Advanced Materials Petrochemicals Plastics

Description

Satellite Chemical Co.,Ltd. produces and sells acrylic acid and ester, polymer emulsions, and functional polymer materials in China. The company also provides ethylene oxide and glycol, high-density polyethylene, and polycarboxylic monomer. In addition, it offers methyl acrylate, ethyl acrylate, n-butyl acrylate, and isooctyl acrylate; polymer emulsion and resin; super absorbent resin; hydrogen peroxide and pigment intermediaries. The company was formerly known as Zhejiang Satellite Petrochemical Co., Ltd. and changed its name to Satellite Chemical Co.,Ltd. in October 2021. Satellite Chemical Co.,Ltd. was founded in 2010 and is headquartered in Jiaxing, China.

Key trends

Past 5 years