China National Gold Group Gold Jewellery Co (SHSE:600916) Debt-to-Equity

: 0.03 (As of Sep. 2023)

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China National Gold Group Gold Jewellery Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ¥45 Mil. China National Gold Group Gold Jewellery Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ¥200 Mil. China National Gold Group Gold Jewellery Co's Total Stockholders Equity for the quarter that ended in Sep. 2023 was ¥7,156 Mil. China National Gold Group Gold Jewellery Co's debt to equity for the quarter that ended in Sep. 2023 was 0.03.

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 National Gold Group Gold Jewellery Co's Debt-to-Equity or its related term are showing as below:

SHSE:600916' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.04 Max: 0.07
Current: 0.03

During the past 7 years, the highest Debt-to-Equity Ratio of China National Gold Group Gold Jewellery Co was 0.07. The lowest was 0.01. And the median was 0.04.

SHSE:600916's Debt-to-Equity is ranked better than
94.93% of 1005 companies
in the Retail - Cyclical industry
Industry Median: 0.64 vs SHSE:600916: 0.03

China National Gold Group Gold Jewellery Co Debt-to-Equity Historical Data

The historical data trend for China National Gold Group Gold Jewellery 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 National Gold Group Gold Jewellery Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Debt-to-Equity

0.05

0.04

China National Gold Group Gold Jewellery Co Quarterly Data
	Dec16	Dec17	Dec18	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Debt-to-Equity																0.04	0.04	0.04	0.04	0.03

Competitive Comparison

For the Luxury Goods subindustry, China National Gold Group Gold Jewellery 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 National Gold Group Gold Jewellery Co Debt-to-Equity Distribution

For the Retail - Cyclical industry and Consumer Cyclical sector, China National Gold Group Gold Jewellery Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where China National Gold Group Gold Jewellery Co's Debt-to-Equity falls into.

China National Gold Group Gold Jewellery Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

China National Gold Group Gold Jewellery Co's Debt to Equity Ratio for the fiscal year that ended in Dec. 2022 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
	=	(50.584	+	210.14)	/	6917.886
	=	0.04

China National Gold Group Gold Jewellery 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
	=	(44.851	+	200.293)	/	7155.575
	=	0.03

China National Gold Group Gold Jewellery Co (SHSE:600916) 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 National Gold Group Gold Jewellery Co Debt-to-Equity Related Terms

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China National Gold Group Gold Jewellery Co (SHSE:600916) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » China National Gold Group Gold Jewellery Co Ltd (SHSE:600916) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

No. 2, Jingyuan North Street, Room 305, Building 49, Economic and Technological Development Zone, Beijing, CHN, 100176

Website

https://www.chnau99999.com

China National Gold Group Gold & Jewelery Co Ltd is a professional gold jewelry production and sales enterprise specializing in the operation of the China Gold brand.

China National Gold Group Gold Jewellery Co (SHSE:600916) Headlines

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