Shanghai Xuerong Bio-Technology Co (SZSE:300511) Debt-to-Equity : 1.80 (As of Mar. 2024)

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What is Shanghai Xuerong Bio-Technology Co Debt-to-Equity?

Shanghai Xuerong Bio-Technology Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥1,141 Mil. Shanghai Xuerong Bio-Technology Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥1,661 Mil. Shanghai Xuerong Bio-Technology Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥1,561 Mil. Shanghai Xuerong Bio-Technology Co's debt to equity for the quarter that ended in Mar. 2024 was 1.80.

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 Shanghai Xuerong Bio-Technology Co's Debt-to-Equity or its related term are showing as below:

SZSE:300511' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.62 Med: 0.98 Max: 1.8
Current: 1.8

During the past 13 years, the highest Debt-to-Equity Ratio of Shanghai Xuerong Bio-Technology Co was 1.80. The lowest was 0.62. And the median was 0.98.

SZSE:300511's Debt-to-Equity is ranked worse than
91.67% of 1645 companies
in the Consumer Packaged Goods industry
Industry Median: 0.41 vs SZSE:300511: 1.80

Shanghai Xuerong Bio-Technology Co Debt-to-Equity Historical Data

The historical data trend for Shanghai Xuerong Bio-Technology 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.

Shanghai Xuerong Bio-Technology Co Debt-to-Equity Chart

Shanghai Xuerong Bio-Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.84

0.97

1.19

1.01

1.44

Shanghai Xuerong Bio-Technology 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															0.86	0.95	1.35	1.44	1.80

Competitive Comparison of Shanghai Xuerong Bio-Technology Co's Debt-to-Equity

For the Farm Products subindustry, Shanghai Xuerong Bio-Technology 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.

Shanghai Xuerong Bio-Technology Co's Debt-to-Equity Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Shanghai Xuerong Bio-Technology Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Shanghai Xuerong Bio-Technology Co's Debt-to-Equity falls into.

Shanghai Xuerong Bio-Technology Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Shanghai Xuerong Bio-Technology 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
	=	(1264.673	+	972.684)	/	1554.53
	=	1.44

Shanghai Xuerong Bio-Technology 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
	=	(1141.219	+	1660.983)	/	1560.596
	=	1.80

Shanghai Xuerong Bio-Technology Co (SZSE:300511) 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.

Shanghai Xuerong Bio-Technology Co Debt-to-Equity Related Terms

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Shanghai Xuerong Bio-Technology Co (SZSE:300511) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Shanghai Xuerong Bio-Technology Co Ltd (SZSE:300511) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

No 999 Gaofeng Road, Modern Agriculture Park, Fengxian District, Shanghai, CHN, 201401

Website

http://www.xuerong.com

Shanghai Xuerong Bio-Technology Co Ltd is a bio-agricultural company, engages in the research, production, and marketing of edible fungi primarily in the People's Republic of China. It offers various mushroom products, such as white enoki, white-shimeji, brown-shimeji, seafood mushroom, king crab mushroom, king oyster mushroom, pleurotus nebrodensis, agaricus bisporus, and shiitake.

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