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Kuaijishan Shaoxing Rice Wine Co (SHSE:601579) Debt-to-Equity : 0.00 (As of Dec. 2023)


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What is Kuaijishan Shaoxing Rice Wine Co Debt-to-Equity?

Kuaijishan Shaoxing Rice Wine Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ¥0 Mil. Kuaijishan Shaoxing Rice Wine Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ¥0 Mil. Kuaijishan Shaoxing Rice Wine Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was ¥3,643 Mil. Kuaijishan Shaoxing Rice Wine Co's debt to equity for the quarter that ended in Dec. 2023 was 0.00.

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 Kuaijishan Shaoxing Rice Wine Co's Debt-to-Equity or its related term are showing as below:

SHSE:601579' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01   Med: 0.06   Max: 0.26
Current: 0.01

During the past 13 years, the highest Debt-to-Equity Ratio of Kuaijishan Shaoxing Rice Wine Co was 0.26. The lowest was 0.01. And the median was 0.06.

SHSE:601579's Debt-to-Equity is ranked better than
99.45% of 182 companies
in the Beverages - Alcoholic industry
Industry Median: 0.385 vs SHSE:601579: 0.01

Kuaijishan Shaoxing Rice Wine Co Debt-to-Equity Historical Data

The historical data trend for Kuaijishan Shaoxing Rice Wine 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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Kuaijishan Shaoxing Rice Wine Co Debt-to-Equity Chart

Kuaijishan Shaoxing Rice Wine Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.08 0.05 0.02 0.01 -

Kuaijishan Shaoxing Rice Wine Co Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Debt-to-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.01 0.01 0.01 0.01 -

Competitive Comparison of Kuaijishan Shaoxing Rice Wine Co's Debt-to-Equity

For the Beverages - Wineries & Distilleries subindustry, Kuaijishan Shaoxing Rice Wine 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.


Kuaijishan Shaoxing Rice Wine Co's Debt-to-Equity Distribution in the Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, Kuaijishan Shaoxing Rice Wine Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Kuaijishan Shaoxing Rice Wine Co's Debt-to-Equity falls into.



Kuaijishan Shaoxing Rice Wine Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Kuaijishan Shaoxing Rice Wine Co's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Kuaijishan Shaoxing Rice Wine Co's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

* 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.


Kuaijishan Shaoxing Rice Wine Co  (SHSE:601579) 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.


Kuaijishan Shaoxing Rice Wine Co Debt-to-Equity Related Terms

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Kuaijishan Shaoxing Rice Wine Co (SHSE:601579) Business Description

Traded in Other Exchanges
N/A
Address
No. 1053, Jianhu Road, Keqiao District, Zhejiang, Shaoxing, CHN
Kuaijishan Shaoxing Rice Wine Co Ltd produces and sells rice wine in China. The company provides its products under the brand name of Huijishan. It distributes its products within domestic market and to overseas markets, including Japan, Singapore, Hong Kong, Macau, and others.

Kuaijishan Shaoxing Rice Wine Co (SHSE:601579) Headlines

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