Tongling Jingda Special Magnet Wire Co., Ltd.

Shanghai Stock Exchange 600577.SS

Tongling Jingda Special Magnet Wire Co., Ltd. Debt to Equity Ratio for the year ending December 31, 2023: 0.59

Tongling Jingda Special Magnet Wire Co., Ltd. Debt to Equity Ratio is 0.59 for the year ending December 31, 2023, a -8.96% change year over year. Debt to equity ratio represents the financing from debt versus equity. Higher ratio indicates more debt reliance, suggesting potential risk.
  • Tongling Jingda Special Magnet Wire Co., Ltd. Debt to Equity Ratio for the year ending December 31, 2022 was 0.64, a -1.02% change year over year.
  • Tongling Jingda Special Magnet Wire Co., Ltd. Debt to Equity Ratio for the year ending December 31, 2021 was 0.65, a 36.84% change year over year.
  • Tongling Jingda Special Magnet Wire Co., Ltd. Debt to Equity Ratio for the year ending December 31, 2020 was 0.47, a 130.13% change year over year.
  • Tongling Jingda Special Magnet Wire Co., Ltd. Debt to Equity Ratio for the year ending December 31, 2019 was 0.21, a -9.08% change year over year.
Key data
Date Debt to Equity Ratio Debt to Income Ratio Debt to Tangible Net Worth Ratio Dividend Coverage Ratio
Market news
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SV Wall Street
Shanghai Stock Exchange: 600577.SS

Tongling Jingda Special Magnet Wire Co., Ltd.

CEO Mr. Jun Qiang Zhang
IPO Date Sept. 11, 2002
Location China
Headquarters No. 988, Huangshan Avenue
Employees 3,557
Sector Materials
Industries
Description

Tongling Jingda Special Magnet Wire Co., Ltd. manufactures and sells special magnet wires in China. The company provides round polyimide, polyamide-imide, self-lubricated multi-layer composite, solderable polyester, and polyvinyl formal (PVF) enameled copper wires; round enameled copper wires for DC inverter compressors; round multi-layer composite enameled copper wires for compressor of HFC air-conditioners; and round composite enameled copper wires for R134a compressors. It also offers round polyurethane enameled aluminum wires; round enameled aluminum wires for HFC 134a refrigerating compressors; round polyesterimide/polyamideimide composite, polyesterimide, and polyestermide enameled aluminum wires; and round corona resistant enameled copper and aluminum wires for inverter motors. In addition, the company provides automobile wires, such as single line tinned wires, multi-line bare and tinned copper wires, and bunched bare copper wires; and special conductors, including multi-line silver plated copper wires, heating conductors, and alloy conductors, as well as bunched tinned, silver plated, and nickel-plated copper wires. Further, it offers various rod materials comprising oxygen free copper rods, electrical round aluminum rods, bare copper wires, and aluminum wires; and natural diamond/polycrystal drawing dies and polycrystal enameling dies. Its products used in household appliances, electronics, automobiles, electric power, communication, and power tools industries. The company also exports its products to Europe and South Asia. Tongling Jingda Special Magnet Wire Co., Ltd. was founded in 1990 and is based in Tongling, China.

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StockViz Staff

January 31, 2025

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