Zhuhai Zhongfu Enterprise Co (SZSE:000659) Debt-to-Equity : 3.18 (As of Mar. 2024)

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What is Zhuhai Zhongfu Enterprise Co Debt-to-Equity?

Zhuhai Zhongfu Enterprise Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥944 Mil. Zhuhai Zhongfu Enterprise Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥68 Mil. Zhuhai Zhongfu Enterprise Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥318 Mil. Zhuhai Zhongfu Enterprise Co's debt to equity for the quarter that ended in Mar. 2024 was 3.18.

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 Zhuhai Zhongfu Enterprise Co's Debt-to-Equity or its related term are showing as below:

SZSE:000659' s Debt-to-Equity Range Over the Past 10 Years
Min: 1.27 Med: 2.05 Max: 3.23
Current: 3.18

During the past 13 years, the highest Debt-to-Equity Ratio of Zhuhai Zhongfu Enterprise Co was 3.23. The lowest was 1.27. And the median was 2.05.

SZSE:000659's Debt-to-Equity is ranked worse than
97.67% of 344 companies
in the Packaging & Containers industry
Industry Median: 0.45 vs SZSE:000659: 3.18

Zhuhai Zhongfu Enterprise Co Debt-to-Equity Historical Data

The historical data trend for Zhuhai Zhongfu Enterprise 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.

Zhuhai Zhongfu Enterprise Co Debt-to-Equity Chart

Zhuhai Zhongfu Enterprise Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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1.67

2.28

2.07

2.93

3.23

Zhuhai Zhongfu Enterprise Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															2.93	2.51	2.59	3.23	3.18

Competitive Comparison of Zhuhai Zhongfu Enterprise Co's Debt-to-Equity

For the Packaging & Containers subindustry, Zhuhai Zhongfu Enterprise 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.

Zhuhai Zhongfu Enterprise Co's Debt-to-Equity Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Zhuhai Zhongfu Enterprise Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Zhuhai Zhongfu Enterprise Co's Debt-to-Equity falls into.

Zhuhai Zhongfu Enterprise Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Zhuhai Zhongfu Enterprise 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
	=	(992.175	+	61.365)	/	326.616
	=	3.23

Zhuhai Zhongfu Enterprise 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
	=	(943.965	+	67.724)	/	317.936
	=	3.18

Zhuhai Zhongfu Enterprise Co (SZSE:000659) 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.

Zhuhai Zhongfu Enterprise Co Debt-to-Equity Related Terms

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Zhuhai Zhongfu Enterprise Co (SZSE:000659) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Zhuhai Zhongfu Enterprise Co Ltd (SZSE:000659) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.1, Bonded Area, No. 201, No. 3 Building, Guangdong Province, Zhuhai, CHN, 519030

Website

http://www.zhongfu.com.cn

Zhuhai Zhongfu Enterprise Co Ltd operates in China's beverage packaging industry. It is engaged in the business of producing bottles in China. The company's product portfolio includes carbonated soft drinks, PET bottles for drinking water and beer packaging, PET preforms, PVC/OPP labels, heat shrinkable plastic films, caps, cartons, and OEM services.

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