Shandong Luscious Pet Food (BJSE:832419) Debt-to-Equity : 0.17 (As of Mar. 2024)

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What is Shandong Luscious Pet Food Debt-to-Equity?

Shandong Luscious Pet Food's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥81.0 Mil. Shandong Luscious Pet Food's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥2.6 Mil. Shandong Luscious Pet Food's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥493.9 Mil. Shandong Luscious Pet Food's debt to equity for the quarter that ended in Mar. 2024 was 0.17.

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 Shandong Luscious Pet Food's Debt-to-Equity or its related term are showing as below:

BJSE:832419' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.02 Med: 0.17 Max: 5.32
Current: 0.17

During the past 11 years, the highest Debt-to-Equity Ratio of Shandong Luscious Pet Food was 5.32. The lowest was 0.02. And the median was 0.17.

BJSE:832419's Debt-to-Equity is ranked better than
70.92% of 1654 companies
in the Consumer Packaged Goods industry
Industry Median: 0.4 vs BJSE:832419: 0.17

Shandong Luscious Pet Food Debt-to-Equity Historical Data

The historical data trend for Shandong Luscious Pet Food'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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Shandong Luscious Pet Food Debt-to-Equity Chart

Shandong Luscious Pet Food Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Debt-to-Equity

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0.05

0.02

Shandong Luscious Pet Food Quarterly Data
	Jun18	Dec18	Jun19	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															0.04	0.03	0.03	0.10	0.17

Competitive Comparison of Shandong Luscious Pet Food's Debt-to-Equity

For the Packaged Foods subindustry, Shandong Luscious Pet Food'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.

Shandong Luscious Pet Food's Debt-to-Equity Distribution in the Consumer Packaged Goods Industry

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

* The bar in red indicates where Shandong Luscious Pet Food's Debt-to-Equity falls into.

Shandong Luscious Pet Food Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Shandong Luscious Pet Food'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
	=	(10.014	+	0)	/	420.044
	=	0.02

Shandong Luscious Pet Food's Debt to Equity Ratio for the quarter that ended in Mar. 2024 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
	=	(80.952	+	2.641)	/	493.915
	=	0.17

Shandong Luscious Pet Food (BJSE:832419) 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.

Shandong Luscious Pet Food Debt-to-Equity Related Terms

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Shandong Luscious Pet Food (BJSE:832419) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Shandong Luscious Pet Food Inc (BJSE:832419) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

South of Zhongxin Road, East of Chuanchuan Road, Yangkou Advanced Manufacturing Park, Shandong Province, Shouguang City, CHN, 262700

Website

http://www.luspet.com

Shandong Luscious Pet Food Inc is a pet food professional company. It engages in research and development, production, and sales of pet food and pet supplies. Its products comprise dog food, cat staple food, cat snacks, dog snacks, dog chew, can, and Maintenance products.

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