Jiangsu King's Luck Brewery Joint-Stock Co (SHSE:603369) Debt-to-Equity : 0.09 (As of Sep. 2023)

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What is Jiangsu King's Luck Brewery Joint-Stock Co Debt-to-Equity?

Jiangsu King's Luck Brewery Joint-Stock Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ¥1,100 Mil. Jiangsu King's Luck Brewery Joint-Stock Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ¥0 Mil. Jiangsu King's Luck Brewery Joint-Stock Co's Total Stockholders Equity for the quarter that ended in Sep. 2023 was ¥12,797 Mil. Jiangsu King's Luck Brewery Joint-Stock Co's debt to equity for the quarter that ended in Sep. 2023 was 0.09.

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 Jiangsu King's Luck Brewery Joint-Stock Co's Debt-to-Equity or its related term are showing as below:

SHSE:603369' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.02 Max: 0.09
Current: 0.09

During the past 12 years, the highest Debt-to-Equity Ratio of Jiangsu King's Luck Brewery Joint-Stock Co was 0.09. The lowest was 0.00. And the median was 0.02.

SHSE:603369's Debt-to-Equity is ranked better than
75.82% of 182 companies
in the Beverages - Alcoholic industry
Industry Median: 0.385 vs SHSE:603369: 0.09

Jiangsu King's Luck Brewery Joint-Stock Co Debt-to-Equity Historical Data

The historical data trend for Jiangsu King's Luck Brewery Joint-Stock 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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Jiangsu King's Luck Brewery Joint-Stock Co Debt-to-Equity Chart

Jiangsu King's Luck Brewery Joint-Stock Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Debt-to-Equity

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0.04

0.05

Jiangsu King's Luck Brewery Joint-Stock Co Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial															0.04	0.05	0.07	0.08	0.09

Competitive Comparison of Jiangsu King's Luck Brewery Joint-Stock Co's Debt-to-Equity

For the Beverages - Wineries & Distilleries subindustry, Jiangsu King's Luck Brewery Joint-Stock 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.

Jiangsu King's Luck Brewery Joint-Stock Co's Debt-to-Equity Distribution in the Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, Jiangsu King's Luck Brewery Joint-Stock Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Jiangsu King's Luck Brewery Joint-Stock Co's Debt-to-Equity falls into.

Jiangsu King's Luck Brewery Joint-Stock Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Jiangsu King's Luck Brewery Joint-Stock 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
	=	(600.25	+	0)	/	11064.733
	=	0.05

Jiangsu King's Luck Brewery Joint-Stock 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
	=	(1100.25	+	0)	/	12796.659
	=	0.09

Jiangsu King's Luck Brewery Joint-Stock Co (SHSE:603369) 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.

Jiangsu King's Luck Brewery Joint-Stock Co Debt-to-Equity Related Terms

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Jiangsu King's Luck Brewery Joint-Stock Co (SHSE:603369) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Jiangsu King's Luck Brewery Joint-Stock Co Ltd (SHSE:603369) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

Zhen present margin Avenue, Lianshui high, Jiangsu Province, Huaian, CHN

Website

http://www.jinshiyuan.com.cn

Jiangsu King's Luck Brewery Joint-Stock Co Ltd is a China-based company engages in the manufacturing and distribution of liquor. It is engaged in the manufacture and sale of Distilled spirit wine. It also offers pre-packaged food. The company conducts its businesses mainly within Jiangsu province.

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