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Jiujiuwang Food International (HKSE:01927) Debt-to-Equity : 0.69 (As of Dec. 2023)


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What is Jiujiuwang Food International Debt-to-Equity?

Jiujiuwang Food International's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$142.9 Mil. Jiujiuwang Food International's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$157.2 Mil. Jiujiuwang Food International's Total Stockholders Equity for the quarter that ended in Dec. 2023 was HK$437.5 Mil. Jiujiuwang Food International's debt to equity for the quarter that ended in Dec. 2023 was 0.69.

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

HKSE:01927' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.56   Med: 0.84   Max: 1.32
Current: 0.69

During the past 7 years, the highest Debt-to-Equity Ratio of Jiujiuwang Food International was 1.32. The lowest was 0.56. And the median was 0.84.

HKSE:01927's Debt-to-Equity is ranked worse than
66.93% of 1675 companies
in the Consumer Packaged Goods industry
Industry Median: 0.4 vs HKSE:01927: 0.69

Jiujiuwang Food International Debt-to-Equity Historical Data

The historical data trend for Jiujiuwang Food International'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.

Jiujiuwang Food International Debt-to-Equity Chart

Jiujiuwang Food International Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-Equity
Get a 7-Day Free Trial 1.04 0.84 0.56 0.58 0.69

Jiujiuwang Food International Semi-Annual Data
Dec17 Dec18 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Debt-to-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only 0.56 0.58 0.58 0.62 0.69

Competitive Comparison of Jiujiuwang Food International's Debt-to-Equity

For the Confectioners subindustry, Jiujiuwang Food International'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.


Jiujiuwang Food International's Debt-to-Equity Distribution in the Consumer Packaged Goods Industry

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

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



Jiujiuwang Food International Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Jiujiuwang Food International's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Jiujiuwang Food International's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

* 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.


Jiujiuwang Food International  (HKSE:01927) 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.


Jiujiuwang Food International Debt-to-Equity Related Terms

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Jiujiuwang Food International Business Description

Traded in Other Exchanges
N/A
Address
No. 398 Ping An East Road, Luoshan Street, Xukeng Industrial Zone, Fujian Province, Jinjiang, CHN
Jiujiuwang Food International Ltd is a manufacturer of confectionary products. It manufactures and sells confectionary products, including gum-based candies, tablet candies, aerated candies, and hard candies.
Executives
Hong Mali
Su Li
Wu Zihong
Zheng Guodian
Zheng Guosi
Zheng Zhenzhong
Haisen International Limited
Xiejia Limited
Jianeng International Limited

Jiujiuwang Food International Headlines

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