Kingold Jewelry (Kingold Jewelry) Debt-to-Equity : 2.31 (As of Sep. 2019)

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What is Kingold Jewelry Debt-to-Equity?

Kingold Jewelry's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2019 was $1,494 Mil. Kingold Jewelry's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2019 was $702 Mil. Kingold Jewelry's Total Stockholders Equity for the quarter that ended in Sep. 2019 was $953 Mil. Kingold Jewelry's debt to equity for the quarter that ended in Sep. 2019 was 2.30.

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 Kingold Jewelry's Debt-to-Equity or its related term are showing as below:

KGJI's Debt-to-Equity is not ranked ^*
in the Retail - Cyclical industry.
Industry Median: 0.64
* Ranked among companies with meaningful Debt-to-Equity only.

Kingold Jewelry Debt-to-Equity Historical Data

The historical data trend for Kingold Jewelry'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.

Kingold Jewelry Debt-to-Equity Chart

Kingold Jewelry Annual Data

Trend

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Debt-to-Equity

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0.19

0.33

6.90

6.73

3.13

Kingold Jewelry Quarterly Data
	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19
Debt-to-Equity	Get a 7-Day Free Trial															5.85	3.13	3.47	2.72	2.31

Competitive Comparison of Kingold Jewelry's Debt-to-Equity

For the Luxury Goods subindustry, Kingold Jewelry'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.

Kingold Jewelry's Debt-to-Equity Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Kingold Jewelry's Debt-to-Equity distribution charts can be found below:

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

Kingold Jewelry Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Kingold Jewelry's Debt to Equity Ratio for the fiscal year that ended in Dec. 2018 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
	=	(1107.648	+	888.805)	/	638.335
	=	3.13

Kingold Jewelry's Debt to Equity Ratio for the quarter that ended in Sep. 2019 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
	=	(1494.112	+	702.336)	/	952.964
	=	2.30

Kingold Jewelry (GREY:KGJI) 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.

Kingold Jewelry Debt-to-Equity Related Terms

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Kingold Jewelry (Kingold Jewelry) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Kingold Jewelry Inc (GREY:KGJI) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 8 Han Huang Road, Jiang'an District, Hubei Province, 15 Huangpu Science & Technology Park, Wuhan, CHN, 430023

Website

http://www.kingoldjewelry.com

Kingold Jewelry Inc designs and manufactures 24-karat gold jewelry and Chinese ornaments. The company along with its subsidiaries develops markets and sells products including gold necklaces, rings, earrings, bracelets, and pendants to the jewelry market in China. The company also sells gold bars and coins and other products through various banks in China. It derives most of its revenues from the sales of 24-karat jewelry and Chinese ornaments and from design and processing fees.

Executives