Wenzhou Yuanfei pet toy products Co (SZSE:001222) Debt-to-Equity : 0.02 (As of Sep. 2023)

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What is Wenzhou Yuanfei pet toy products Co Debt-to-Equity?

Wenzhou Yuanfei pet toy products Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ¥20.5 Mil. Wenzhou Yuanfei pet toy products Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ¥2.4 Mil. Wenzhou Yuanfei pet toy products Co's Total Stockholders Equity for the quarter that ended in Sep. 2023 was ¥1,207.2 Mil. Wenzhou Yuanfei pet toy products Co's debt to equity for the quarter that ended in Sep. 2023 was 0.02.

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 Wenzhou Yuanfei pet toy products Co's Debt-to-Equity or its related term are showing as below:

SZSE:001222' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0 Max: 0.11
Current: 0.02

During the past 5 years, the highest Debt-to-Equity Ratio of Wenzhou Yuanfei pet toy products Co was 0.11. The lowest was 0.00. And the median was 0.00.

SZSE:001222's Debt-to-Equity is ranked better than
95.37% of 1641 companies
in the Consumer Packaged Goods industry
Industry Median: 0.4 vs SZSE:001222: 0.02

Wenzhou Yuanfei pet toy products Co Debt-to-Equity Historical Data

The historical data trend for Wenzhou Yuanfei pet toy products 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.

Wenzhou Yuanfei pet toy products Co Debt-to-Equity Chart

Wenzhou Yuanfei pet toy products Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Debt-to-Equity

0.10

0.11

Wenzhou Yuanfei pet toy products Co Quarterly Data
	Dec18	Dec19	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial									-	-	0.04	0.02	0.02

Competitive Comparison of Wenzhou Yuanfei pet toy products Co's Debt-to-Equity

For the Packaged Foods subindustry, Wenzhou Yuanfei pet toy products 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.

Wenzhou Yuanfei pet toy products Co's Debt-to-Equity Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Wenzhou Yuanfei pet toy products Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Wenzhou Yuanfei pet toy products Co's Debt-to-Equity falls into.

Wenzhou Yuanfei pet toy products Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Wenzhou Yuanfei pet toy products 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
	=	(1.232	+	0)	/	1148.05
	=	0.00

Wenzhou Yuanfei pet toy products 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
	=	(20.5	+	2.449)	/	1207.225
	=	0.02

Wenzhou Yuanfei pet toy products Co (SZSE:001222) 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.

Wenzhou Yuanfei pet toy products Co Debt-to-Equity Related Terms

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Wenzhou Yuanfei pet toy products Co (SZSE:001222) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Wenzhou Yuanfei pet toy products Co Ltd (SZSE:001222) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

No. 1, Chongle Road, Standard Park, Shuitou Town, Zhejiang Province, Pingyang, CHN, 325405

Website

http://www.wzyuanfei.com

Wenzhou Yuanfei pet toy products Co Ltd is engaged in the research and development, production and sales of pet products and pet treats.

Wenzhou Yuanfei pet toy products Co (SZSE:001222) Headlines

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