China Kangda Food Co (HKSE:00834) Debt-to-Equity : 0.79 (As of Dec. 2023)

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What is China Kangda Food Co Debt-to-Equity?

China Kangda Food Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$357 Mil. China Kangda Food Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$115 Mil. China Kangda Food Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was HK$593 Mil. China Kangda Food Co's debt to equity for the quarter that ended in Dec. 2023 was 0.79.

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

HKSE:00834' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.42 Med: 0.78 Max: 1.07
Current: 0.79

During the past 13 years, the highest Debt-to-Equity Ratio of China Kangda Food Co was 1.07. The lowest was 0.42. And the median was 0.78.

HKSE:00834's Debt-to-Equity is ranked worse than
70.5% of 1654 companies
in the Consumer Packaged Goods industry
Industry Median: 0.4 vs HKSE:00834: 0.79

China Kangda Food Co Debt-to-Equity Historical Data

The historical data trend for China Kangda 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.

* Premium members only.

China Kangda Food Co Debt-to-Equity Chart

China Kangda Food Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.68

0.66

0.42

0.78

0.79

China Kangda Food Co Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															0.42	0.76	0.78	0.80	0.79

Competitive Comparison of China Kangda Food Co's Debt-to-Equity

For the Packaged Foods subindustry, China Kangda 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.

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

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

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

China Kangda Food Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

China Kangda 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
	=	(356.511	+	114.537)	/	593.343
	=	0.79

China Kangda 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
	=	(356.511	+	114.537)	/	593.343
	=	0.79

China Kangda Food Co (HKSE:00834) 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.

China Kangda Food Co Debt-to-Equity Related Terms

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China Kangda Food Co (HKSE:00834) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » China Kangda Food Co Ltd (HKSE:00834) » Definitions » Debt-to-Equity

Traded in Other Exchanges

P74:Singapore

Address

No. 8399, Binhai Boulevard, Huangdao District, Shandong Province, Qingdao City, CHN

Website

http://www.kangdafood.com

China Kangda Food Co Ltd is a diversified food manufacturing and processing group based in China. Its operating segments are the production and sale of processed food products, chilled and frozen rabbit meat, chilled and frozen chicken meat, and other products comprising chicken and rabbit meat by-products and pet food products. The key revenue is generated from the processed food products business. Geographically, the company operates in Japan, Europe, the People's Republic of China, and others. It generates a majority of its revenue from PRC.

Executives

Eternal Myriad Limited	2201 Interest of corporation controlled by you
Wu Jiming	2201 Interest of corporation controlled by you
Zenith Hope Limited	2101 Beneficial owner

China Kangda Food Co (HKSE:00834) Headlines

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