China Dongxiang (Group) Co (China Dongxiang (Group) Co) Debt-to-Equity

: 0.01 (As of Sep. 2023)

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China Dongxiang (Group) Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $4.5 Mil. China Dongxiang (Group) Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $2.8 Mil. China Dongxiang (Group) Co's Total Stockholders Equity for the quarter that ended in Sep. 2023 was $1,286.8 Mil. China Dongxiang (Group) Co's debt to equity for the quarter that ended in Sep. 2023 was 0.01.

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 China Dongxiang (Group) Co's Debt-to-Equity or its related term are showing as below:

CDGXF' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.03 Max: 0.1
Current: 0.01

During the past 13 years, the highest Debt-to-Equity Ratio of China Dongxiang (Group) Co was 0.10. The lowest was 0.01. And the median was 0.03.

CDGXF's Debt-to-Equity is ranked better than
99.89% of 933 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.45 vs CDGXF: 0.01

China Dongxiang (Group) Co Debt-to-Equity Historical Data

The historical data trend for China Dongxiang (Group) 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.

China Dongxiang (Group) Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

0.05

0.03

0.02

0.03

0.01

China Dongxiang (Group) Co Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Debt-to-Equity																0.02	0.03	0.01	0.01	0.01

Competitive Comparison

For the Apparel Manufacturing subindustry, China Dongxiang (Group) 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.

China Dongxiang (Group) Co Debt-to-Equity Distribution

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, China Dongxiang (Group) Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where China Dongxiang (Group) Co's Debt-to-Equity falls into.

China Dongxiang (Group) Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

China Dongxiang (Group) Co's Debt to Equity Ratio for the fiscal year that ended in Mar. 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
	=	(5.802	+	2.551)	/	1402.64
	=	0.01

China Dongxiang (Group) Co's Debt to Equity Ratio for the quarter that ended in Sep. 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
	=	(4.503	+	2.807)	/	1286.788
	=	0.01

China Dongxiang (Group) Co (OTCPK:CDGXF) 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.

China Dongxiang (Group) Co Debt-to-Equity Related Terms

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China Dongxiang (Group) Co (China Dongxiang (Group) Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » China Dongxiang (Group) Co Ltd (OTCPK:CDGXF) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

CDGXY:USA 03818:Hong Kong 4C1:Germany

Address

Building 21, No. 2 Jingyuanbei Street, Beijing Economic-Technological Development Area, Beijing, CHN, 100176

Website

http://www.dxsport.com

China Dongxiang (Group) Co Ltd manufactures sports apparel and footwear. Its main brand is Kappa, which it sells in China. The company's primary sales channel is wholesale to distributors. The company also sells directly to consumers through more than 1,000 company-operated retail stores and outlets in China and through its e-commerce channel. It has two segments China Apparel and Investment. Sales in China account for most of the total company's revenue.

China Dongxiang (Group) Co (China Dongxiang (Group) Co) Headlines

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