Chacha Food Co (SZSE:002557) Debt-to-Equity : 0.36 (As of Dec. 2023)

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What is Chacha Food Co Debt-to-Equity?

Chacha Food Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ¥541 Mil. Chacha Food Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ¥1,434 Mil. Chacha Food Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was ¥5,529 Mil. Chacha Food Co's debt to equity for the quarter that ended in Dec. 2023 was 0.36.

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

SZSE:002557' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.08 Med: 0.25 Max: 0.36
Current: 0.36

During the past 13 years, the highest Debt-to-Equity Ratio of Chacha Food Co was 0.36. The lowest was 0.08. And the median was 0.25.

SZSE:002557's Debt-to-Equity is ranked better than
53.88% of 1637 companies
in the Consumer Packaged Goods industry
Industry Median: 0.4 vs SZSE:002557: 0.36

Chacha Food Co Debt-to-Equity Historical Data

The historical data trend for Chacha 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.

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Chacha Food Co Debt-to-Equity Chart

Chacha Food Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.08

0.31

0.32

0.29

0.36

Chacha Food 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															0.29	0.31	0.35	0.43	0.36

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

For the Packaged Foods subindustry, Chacha 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.

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

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

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

Chacha Food Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Chacha Food 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
	=	(540.691	+	1433.663)	/	5529.313
	=	0.36

Chacha Food 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
	=	(540.691	+	1433.663)	/	5529.313
	=	0.36

Chacha Food Co (SZSE:002557) 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.

Chacha Food Co Debt-to-Equity Related Terms

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Chacha Food Co (SZSE:002557) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Chacha Food Co Ltd (SZSE:002557) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

1307 Lianhua Road, Economic & Technological Development Zone, Anhui, Hefei, CHN, 230601

Website

http://www.qiaqiafood.com

Chacha Food Co Ltd is a China-based company engaged in the production and distribution of leisure food. Its main products include traditional roasted products, including sunflower seed series; high-end nut products, including walnuts; baked food, including potato chips, as well as fried food, pickled food, biscuits and agricultural and sideline products, among others. It distributes its products under the brand name of ChaCha. The company distributes its products within domestic market and to overseas markets.

Chacha Food Co (SZSE:002557) Headlines

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