Jiangsu Cowin Biotech Co (SHSE:688426) Debt-to-Equity : 0.02 (As of Mar. 2024)

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What is Jiangsu Cowin Biotech Co Debt-to-Equity?

Jiangsu Cowin Biotech Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥12.7 Mil. Jiangsu Cowin Biotech Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥18.2 Mil. Jiangsu Cowin Biotech Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥1,630.0 Mil. Jiangsu Cowin Biotech Co's debt to equity for the quarter that ended in Mar. 2024 was 0.02.

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 Jiangsu Cowin Biotech Co's Debt-to-Equity or its related term are showing as below:

SHSE:688426' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.02 Max: 0.09
Current: 0.02

During the past 6 years, the highest Debt-to-Equity Ratio of Jiangsu Cowin Biotech Co was 0.09. The lowest was 0.01. And the median was 0.02.

SHSE:688426's Debt-to-Equity is ranked better than
87.83% of 1068 companies
in the Biotechnology industry
Industry Median: 0.15 vs SHSE:688426: 0.02

Jiangsu Cowin Biotech Co Debt-to-Equity Historical Data

The historical data trend for Jiangsu Cowin Biotech 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.

Jiangsu Cowin Biotech Co Debt-to-Equity Chart

Jiangsu Cowin Biotech Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

0.01

0.06

0.07

0.02

Jiangsu Cowin Biotech Co Quarterly Data
	Dec18	Dec19	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial											0.02	0.02	0.02	0.02	0.02

Competitive Comparison of Jiangsu Cowin Biotech Co's Debt-to-Equity

For the Biotechnology subindustry, Jiangsu Cowin Biotech 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.

Jiangsu Cowin Biotech Co's Debt-to-Equity Distribution in the Biotechnology Industry

For the Biotechnology industry and Healthcare sector, Jiangsu Cowin Biotech Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Jiangsu Cowin Biotech Co's Debt-to-Equity falls into.

Jiangsu Cowin Biotech Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Jiangsu Cowin Biotech 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
	=	(13.646	+	19.307)	/	1663.674
	=	0.02

Jiangsu Cowin Biotech Co's Debt to Equity Ratio for the quarter that ended in Mar. 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
	=	(12.674	+	18.188)	/	1629.974
	=	0.02

Jiangsu Cowin Biotech Co (SHSE:688426) 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.

Jiangsu Cowin Biotech Co Debt-to-Equity Related Terms

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Jiangsu Cowin Biotech Co (SHSE:688426) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » Jiangsu Cowin Biotech Co Ltd (SHSE:688426) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1 Yaocheng Avenue, 4th Floor, TQB Building, Jiangsu Province, Taizhou, CHN, 225300

Website

https://www.cwbio.com

Jiangsu Cowin Biotech Co Ltd is a national high-tech enterprise with independent intellectual property rights based in the field of life sciences. It provides innovative biological products and services to in vitro diagnostic users. The product line mainly includes molecular diagnostic raw materials enzymes, nucleic acid collection and protection agents, nucleic acid extraction kits, molecular diagnostic detection reagents and others.

Executives

Yin Jian Feng	Director
Zhuang Zhi Hua	Directors, senior managers

Jiangsu Cowin Biotech Co (SHSE:688426) Headlines

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