COFCO Joycome Foods (HKSE:01610) Debt-to-Equity : 0.55 (As of Dec. 2023)

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What is COFCO Joycome Foods Debt-to-Equity?

COFCO Joycome Foods's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$4,957 Mil. COFCO Joycome Foods's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$526 Mil. COFCO Joycome Foods's Total Stockholders Equity for the quarter that ended in Dec. 2023 was HK$9,989 Mil. COFCO Joycome Foods's debt to equity for the quarter that ended in Dec. 2023 was 0.55.

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 COFCO Joycome Foods's Debt-to-Equity or its related term are showing as below:

HKSE:01610' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.55 Med: 0.9 Max: 1.5
Current: 0.55

During the past 11 years, the highest Debt-to-Equity Ratio of COFCO Joycome Foods was 1.50. The lowest was 0.55. And the median was 0.90.

HKSE:01610's Debt-to-Equity is ranked worse than
58.89% of 1647 companies
in the Consumer Packaged Goods industry
Industry Median: 0.4 vs HKSE:01610: 0.55

COFCO Joycome Foods Debt-to-Equity Historical Data

The historical data trend for COFCO Joycome Foods'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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COFCO Joycome Foods Debt-to-Equity Chart

COFCO Joycome Foods Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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1.32

0.93

0.78

0.92

0.55

COFCO Joycome Foods Semi-Annual Data
	Dec13	Dec14	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														0.78	1.18	0.92	0.57	0.55

Competitive Comparison of COFCO Joycome Foods's Debt-to-Equity

For the Packaged Foods subindustry, COFCO Joycome Foods'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.

COFCO Joycome Foods's Debt-to-Equity Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, COFCO Joycome Foods's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where COFCO Joycome Foods's Debt-to-Equity falls into.

COFCO Joycome Foods Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

COFCO Joycome Foods'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
	=	(4957.004	+	525.918)	/	9988.774
	=	0.55

COFCO Joycome Foods'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
	=	(4957.004	+	525.918)	/	9988.774
	=	0.55

COFCO Joycome Foods (HKSE:01610) 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.

COFCO Joycome Foods Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of COFCO Joycome Foods's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

COFCO Joycome Foods (HKSE:01610) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » COFCO Joycome Foods Ltd (HKSE:01610) » Definitions » Debt-to-Equity

Traded in Other Exchanges

0M7:Germany

Address

No.8, Chao Yang Men South Street, COFCO Fortune Plaza, Chao Yang District, Beijing, CHN

Website

https://www.cofcojoycome.com

COFCO Joycome Foods Ltd is engaged in the feed production, hog production, slaughtering and cutting, production, distribution and sale of fresh pork and processed meat products, import and distribution of meat products (including pork, beef, poultry and mutton). Its segments include Hog production segment represents hog breeding and sales of hogs; Fresh pork segment represents slaughtering, wholesale and retail sales of fresh and frozen meats; Processed meat products segment represents manufacture, wholesale and retail sales of processed meat products; and Meat import segment represents sales of imported meat products. Geographically it derives revenue from Mainland China.

Executives

Shang Hai Ning Quan Zi Chan Guan Li You Xian Gong Si	2102 Investment manager
Cofco (hong Kong) Limited
Cofco Corporation

COFCO Joycome Foods (HKSE:01610) Headlines

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