Wuxi AppTec Co (SHSE:603259) Debt-to-Equity : 0.10 (As of Dec. 2023)

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What is Wuxi AppTec Co Debt-to-Equity?

Wuxi AppTec Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ¥3,962 Mil. Wuxi AppTec Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ¥1,786 Mil. Wuxi AppTec Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was ¥55,122 Mil. Wuxi AppTec Co's debt to equity for the quarter that ended in Dec. 2023 was 0.10.

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 Wuxi AppTec Co's Debt-to-Equity or its related term are showing as below:

SHSE:603259' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.05 Med: 0.12 Max: 0.44
Current: 0.1

During the past 10 years, the highest Debt-to-Equity Ratio of Wuxi AppTec Co was 0.44. The lowest was 0.05. And the median was 0.12.

SHSE:603259's Debt-to-Equity is ranked better than
71.57% of 197 companies
in the Medical Diagnostics & Research industry
Industry Median: 0.23 vs SHSE:603259: 0.10

Wuxi AppTec Co Debt-to-Equity Historical Data

The historical data trend for Wuxi AppTec 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.

Wuxi AppTec Co Debt-to-Equity Chart

Wuxi AppTec Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.33

0.13

0.11

0.13

0.10

Wuxi AppTec 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															0.13	0.12	0.11	0.12	0.10

Competitive Comparison of Wuxi AppTec Co's Debt-to-Equity

For the Diagnostics & Research subindustry, Wuxi AppTec 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.

Wuxi AppTec Co's Debt-to-Equity Distribution in the Medical Diagnostics & Research Industry

For the Medical Diagnostics & Research industry and Healthcare sector, Wuxi AppTec Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Wuxi AppTec Co's Debt-to-Equity falls into.

Wuxi AppTec Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Wuxi AppTec 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
	=	(3962.097	+	1785.569)	/	55122.454
	=	0.10

Wuxi AppTec Co's Debt to Equity Ratio for the quarter 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
	=	(3962.097	+	1785.569)	/	55122.454
	=	0.10

Wuxi AppTec Co (SHSE:603259) 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.

Wuxi AppTec Co Debt-to-Equity Related Terms

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Wuxi AppTec Co (SHSE:603259) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Diagnostics & Research » Wuxi AppTec Co Ltd (SHSE:603259) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

WUXIF:USA WUXAY:USA 02359:Hong Kong WX8:Germany

Address

288 Fute Zhong Road, Waigaoqiao Free Trade Zone, Shanghai, CHN, 200131

Website

https://www.wuxiapptec.com

Wuxi AppTec Co Ltd provides a portfolio of research and manufacturing services through the discovery, development, and manufacturing spectrum for small-molecule drugs, cell therapies, and gene therapies as well as providing testing services for medical devices. Its segments comprise China-based laboratory services; U.S.-based laboratory services; Clinical research and other CRO services; CDMO services; and Others. The majority of revenue gets derived from China-based laboratory services that include small molecules discovery, such as synthetic chemistry, medicinal chemistry, analytical chemistry, biology, drug metabolism and pharmacokinetics (DMPK)/absorption, distribution, metabolism, and excretion (ADME), toxicology and bioanalytical services.

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