Eastroc Beverage (Group) Co (SHSE:605499) Debt-to-Equity

: 0.53 (As of Dec. 2023)

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Eastroc Beverage (Group) Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ¥3,029 Mil. Eastroc Beverage (Group) Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ¥315 Mil. Eastroc Beverage (Group) Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was ¥6,324 Mil. Eastroc Beverage (Group) Co's debt to equity for the quarter that ended in Dec. 2023 was 0.53.

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 Eastroc Beverage (Group) Co's Debt-to-Equity or its related term are showing as below:

SHSE:605499' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.15 Med: 0.2 Max: 0.65
Current: 0.53

During the past 7 years, the highest Debt-to-Equity Ratio of Eastroc Beverage (Group) Co was 0.65. The lowest was 0.15. And the median was 0.20.

SHSE:605499's Debt-to-Equity is ranked worse than
62.64% of 182 companies
in the Beverages - Alcoholic industry
Industry Median: 0.38 vs SHSE:605499: 0.53

Eastroc Beverage (Group) Co Debt-to-Equity Historical Data

The historical data trend for Eastroc Beverage (Group) 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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Eastroc Beverage (Group) Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

0.15

0.29

0.19

0.65

0.53

Eastroc Beverage (Group) Co Quarterly Data
	Dec17	Dec18	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity															0.65	0.64	0.74	0.76	0.53

Competitive Comparison

For the Beverages - Brewers subindustry, Eastroc Beverage (Group) 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.

Eastroc Beverage (Group) Co Debt-to-Equity Distribution

For the Beverages - Alcoholic industry and Consumer Defensive sector, Eastroc Beverage (Group) Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Eastroc Beverage (Group) Co's Debt-to-Equity falls into.

Eastroc Beverage (Group) Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Eastroc Beverage (Group) 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
	=	(3029.466	+	315.386)	/	6323.758
	=	0.53

Eastroc Beverage (Group) 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
	=	(3029.466	+	315.386)	/	6323.758
	=	0.53

Eastroc Beverage (Group) Co (SHSE:605499) 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.

Eastroc Beverage (Group) Co Debt-to-Equity Related Terms

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Eastroc Beverage (Group) Co (SHSE:605499) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Eastroc Beverage (Group) Co Ltd (SHSE:605499) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

No. 142, Zhuguang North Road, Taoyuan Street, 1st Floor, Building 3, Zhongguan Honghualing Industrial West Zone, Nanshan District, Guangdong Province, Shenzhen, CHN, 518057

Website

https://www.szeastroc.com

Eastroc Beverage (Group) Co Ltd is engaged in the research and development, production and sales of beverages.

Eastroc Beverage (Group) Co (SHSE:605499) Headlines

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