Cheerwin Group (HKSE:06601) Debt-to-Equity : 0.01 (As of Dec. 2023)

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What is Cheerwin Group Debt-to-Equity?

Cheerwin Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$12 Mil. Cheerwin Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$18 Mil. Cheerwin Group's Total Stockholders Equity for the quarter that ended in Dec. 2023 was HK$3,202 Mil. Cheerwin Group's debt to equity for the quarter that ended in Dec. 2023 was 0.01.

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

HKSE:06601' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.02 Max: 1.24
Current: 0.01

During the past 7 years, the highest Debt-to-Equity Ratio of Cheerwin Group was 1.24. The lowest was 0.01. And the median was 0.02.

HKSE:06601's Debt-to-Equity is ranked better than
99.94% of 1639 companies
in the Consumer Packaged Goods industry
Industry Median: 0.41 vs HKSE:06601: 0.01

Cheerwin Group Debt-to-Equity Historical Data

The historical data trend for Cheerwin Group'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.

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Cheerwin Group Debt-to-Equity Chart

Cheerwin Group Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.76

1.24

0.01

Cheerwin Group Semi-Annual Data
	Dec17	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial						0.01	0.01	0.01	0.01	0.01

Competitive Comparison of Cheerwin Group's Debt-to-Equity

For the Household & Personal Products subindustry, Cheerwin Group'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.

Cheerwin Group's Debt-to-Equity Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Cheerwin Group's Debt-to-Equity distribution charts can be found below:

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

Cheerwin Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Cheerwin Group'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
	=	(12.259	+	18.389)	/	3201.89
	=	0.01

Cheerwin Group's Debt to Equity Ratio for the quarter 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
	=	(12.259	+	18.389)	/	3201.89
	=	0.01

Cheerwin Group (HKSE:06601) 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.

Cheerwin Group Debt-to-Equity Related Terms

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Cheerwin Group (HKSE:06601) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Cheerwin Group Ltd (HKSE:06601) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 2, Luju Road, Liwan District, Guangdong Province, Guangzhou, CHN, 510370

Website

https://www.cheerwin.com

Cheerwin Group Ltd is an investment holding company. It is mainly manufacturing and trading of household insecticides and repellents, household cleaning, air care, personal care, pet care, and other products in China. company revenue is geographically derived from PRC.

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