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Juewei Food Co (SHSE:603517) Debt-to-Equity : 0.13 (As of Sep. 2023)


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What is Juewei Food Co Debt-to-Equity?

Juewei Food Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ¥720 Mil. Juewei Food Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ¥189 Mil. Juewei Food Co's Total Stockholders Equity for the quarter that ended in Sep. 2023 was ¥7,176 Mil. Juewei Food Co's debt to equity for the quarter that ended in Sep. 2023 was 0.13.

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

SHSE:603517' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.02   Med: 0.08   Max: 0.35
Current: 0.13

During the past 12 years, the highest Debt-to-Equity Ratio of Juewei Food Co was 0.35. The lowest was 0.02. And the median was 0.08.

SHSE:603517's Debt-to-Equity is ranked better than
75.91% of 1640 companies
in the Consumer Packaged Goods industry
Industry Median: 0.41 vs SHSE:603517: 0.13

Juewei Food Co Debt-to-Equity Historical Data

The historical data trend for Juewei Food 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.

Juewei Food Co Debt-to-Equity Chart

Juewei Food Co Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.07 0.04 0.05 0.08 0.10

Juewei Food 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 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 0.15 0.10 0.10 0.12 0.13

Competitive Comparison of Juewei Food Co's Debt-to-Equity

For the Packaged Foods subindustry, Juewei Food 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.


Juewei Food Co's Debt-to-Equity Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Juewei Food Co's Debt-to-Equity distribution charts can be found below:

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



Juewei Food Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Juewei Food Co's Debt to Equity Ratio for the fiscal year that ended in Dec. 2022 is calculated as

Juewei Food Co's Debt to Equity Ratio for the quarter that ended in Sep. 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.


Juewei Food Co  (SHSE:603517) 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.


Juewei Food Co Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Juewei Food Co's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.


Juewei Food Co (SHSE:603517) Business Description

Traded in Other Exchanges
N/A
Address
No. 267, Evening Avenue, Room 1608, Evening News Building, Furong District, Hunan Province, Changsha, CHN, 410016
Juewei Food Co Ltd is a China-based food processing company.

Juewei Food Co (SHSE:603517) Headlines

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