Shandong Nanshan Fashion Sci-Tech Co (SZSE:300918) Debt-to-Equity : 0.44 (As of Mar. 2024)

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What is Shandong Nanshan Fashion Sci-Tech Co Debt-to-Equity?

Shandong Nanshan Fashion Sci-Tech Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥279 Mil. Shandong Nanshan Fashion Sci-Tech Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥621 Mil. Shandong Nanshan Fashion Sci-Tech Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥2,058 Mil. Shandong Nanshan Fashion Sci-Tech Co's debt to equity for the quarter that ended in Mar. 2024 was 0.44.

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 Shandong Nanshan Fashion Sci-Tech Co's Debt-to-Equity or its related term are showing as below:

SZSE:300918' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.14 Med: 0.36 Max: 0.89
Current: 0.44

During the past 8 years, the highest Debt-to-Equity Ratio of Shandong Nanshan Fashion Sci-Tech Co was 0.89. The lowest was 0.14. And the median was 0.36.

SZSE:300918's Debt-to-Equity is ranked better than
50.37% of 937 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.44 vs SZSE:300918: 0.44

Shandong Nanshan Fashion Sci-Tech Co Debt-to-Equity Historical Data

The historical data trend for Shandong Nanshan Fashion Sci-Tech 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.

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Shandong Nanshan Fashion Sci-Tech Co Debt-to-Equity Chart

Shandong Nanshan Fashion Sci-Tech Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.48

0.23

0.27

0.33

0.44

Shandong Nanshan Fashion Sci-Tech Co Quarterly Data
	Dec18	Jun19	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															0.35	0.60	0.43	0.44	0.44

Competitive Comparison of Shandong Nanshan Fashion Sci-Tech Co's Debt-to-Equity

For the Textile Manufacturing subindustry, Shandong Nanshan Fashion Sci-Tech 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.

Shandong Nanshan Fashion Sci-Tech Co's Debt-to-Equity Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Shandong Nanshan Fashion Sci-Tech Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Shandong Nanshan Fashion Sci-Tech Co's Debt-to-Equity falls into.

Shandong Nanshan Fashion Sci-Tech Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Shandong Nanshan Fashion Sci-Tech 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
	=	(278.163	+	616.435)	/	2021.971
	=	0.44

Shandong Nanshan Fashion Sci-Tech 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
	=	(279.447	+	621.424)	/	2057.921
	=	0.44

Shandong Nanshan Fashion Sci-Tech Co (SZSE:300918) 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.

Shandong Nanshan Fashion Sci-Tech Co Debt-to-Equity Related Terms

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Shandong Nanshan Fashion Sci-Tech Co (SZSE:300918) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Shandong Nanshan Fashion Sci-Tech Co Ltd (SZSE:300918) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

Nanshan Industrial Park, Dongjiang Town, Longkou, Shandong Province, Yantai, CHN, 265706

Website

http://www.nanshanchina.com

Shandong Nanshan Fashion Sci-Tech Co Ltd is engaged in the research and development, design, production and sales of worsted woolen cloth, formal wear and protective products. The company has a complete wool textile and apparel industry chain, covering a worsted woolen cloth business system integrating fabric research and development, top processing, dyeing, spinning, weaving, and finishing, as well as integrated clothing research and development, design, manufacturing, and brand operation.

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