Golden Heaven Group Holdings (Golden Heaven Group Holdings) Debt-to-Equity : 0.10 (As of Sep. 2023)

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What is Golden Heaven Group Holdings Debt-to-Equity?

Golden Heaven Group Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $0.49 Mil. Golden Heaven Group Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $5.81 Mil. Golden Heaven Group Holdings's Total Stockholders Equity for the quarter that ended in Sep. 2023 was $61.05 Mil. Golden Heaven Group Holdings's debt to equity for the quarter that ended in Sep. 2023 was 0.10.

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 Golden Heaven Group Holdings's Debt-to-Equity or its related term are showing as below:

GDHG' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.1 Med: 0.15 Max: 0.25
Current: 0.1

During the past 4 years, the highest Debt-to-Equity Ratio of Golden Heaven Group Holdings was 0.25. The lowest was 0.10. And the median was 0.15.

GDHG's Debt-to-Equity is ranked better than
81.79% of 692 companies
in the Travel & Leisure industry
Industry Median: 0.46 vs GDHG: 0.10

Golden Heaven Group Holdings Debt-to-Equity Historical Data

The historical data trend for Golden Heaven Group Holdings'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.

Golden Heaven Group Holdings Debt-to-Equity Chart

Golden Heaven Group Holdings Annual Data

Trend

Sep20

Sep21

Sep22

Sep23

Debt-to-Equity

0.25

0.16

0.14

0.10

Golden Heaven Group Holdings Semi-Annual Data
	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial			0.16	0.16	0.14	0.12	0.10

Competitive Comparison of Golden Heaven Group Holdings's Debt-to-Equity

For the Leisure subindustry, Golden Heaven Group Holdings'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.

Golden Heaven Group Holdings's Debt-to-Equity Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Golden Heaven Group Holdings's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Golden Heaven Group Holdings's Debt-to-Equity falls into.

Golden Heaven Group Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Golden Heaven Group Holdings's Debt to Equity Ratio for the fiscal year 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
	=	(0.485	+	5.805)	/	61.051
	=	0.10

Golden Heaven Group Holdings'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
	=	(0.485	+	5.805)	/	61.051
	=	0.10

Golden Heaven Group Holdings (NAS:GDHG) 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.

Golden Heaven Group Holdings Debt-to-Equity Related Terms

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Golden Heaven Group Holdings (Golden Heaven Group Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Golden Heaven Group Holdings Ltd (NAS:GDHG) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 8 Banhouhaichuan Road, Xiqin Town, Yanping District, Fujian Province, Nanping City, CHN, 353001

Website

http://www.jsyoule.com

Golden Heaven Group Holdings Ltd is an offshore holding company. Through the operating entities in China, It manages and operates six properties consisting of amusement parks, water parks, and complementary recreational facilities. The parks offer a broad selection of exhilarating and recreational experiences, including both thrilling and family-friendly rides, water attractions, gourmet festivals, circus performances, and high-tech facilities. The parks collectively contain nearly 159 rides and attractions. The firm's revenue is primarily generated from selling access to rides and attractions, charging fees for special event rentals, and collecting regular rental payments from commercial tenants.