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Zhejiang Great Southeast Co (SZSE:002263) Debt-to-Equity : 0.05 (As of Dec. 2023)


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What is Zhejiang Great Southeast Co Debt-to-Equity?

Zhejiang Great Southeast Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ¥145 Mil. Zhejiang Great Southeast Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ¥0 Mil. Zhejiang Great Southeast Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was ¥2,737 Mil. Zhejiang Great Southeast Co's debt to equity for the quarter that ended in Dec. 2023 was 0.05.

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 Zhejiang Great Southeast Co's Debt-to-Equity or its related term are showing as below:

SZSE:002263' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01   Med: 0.16   Max: 0.36
Current: 0.05

During the past 13 years, the highest Debt-to-Equity Ratio of Zhejiang Great Southeast Co was 0.36. The lowest was 0.01. And the median was 0.16.

SZSE:002263's Debt-to-Equity is ranked better than
90% of 340 companies
in the Packaging & Containers industry
Industry Median: 0.45 vs SZSE:002263: 0.05

Zhejiang Great Southeast Co Debt-to-Equity Historical Data

The historical data trend for Zhejiang Great Southeast 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.

Zhejiang Great Southeast Co Debt-to-Equity Chart

Zhejiang Great Southeast Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.01 0.01 0.02 0.01 0.05

Zhejiang Great Southeast 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 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 0.01 0.05 0.06 0.06 0.05

Competitive Comparison of Zhejiang Great Southeast Co's Debt-to-Equity

For the Packaging & Containers subindustry, Zhejiang Great Southeast 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.


Zhejiang Great Southeast Co's Debt-to-Equity Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Zhejiang Great Southeast Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Zhejiang Great Southeast Co's Debt-to-Equity falls into.



Zhejiang Great Southeast Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Zhejiang Great Southeast Co's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Zhejiang Great Southeast Co's Debt to Equity Ratio for the quarter that ended in Dec. 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.


Zhejiang Great Southeast Co  (SZSE:002263) 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.


Zhejiang Great Southeast Co Debt-to-Equity Related Terms

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Zhejiang Great Southeast Co (SZSE:002263) Business Description

Traded in Other Exchanges
N/A
Address
No. 5 Qianxi Road, Zhejiang Province, Zhuji, CHN, 311800
Zhejiang Great Southeast Co Ltd is a China-based company which focuses on production and distribution of plastic products. The company's products include plastic film used for food packaging, electronics such as lithium battery film, capacitor film, chemical products packaging, medical packaging, and others.

Zhejiang Great Southeast Co (SZSE:002263) Headlines

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