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Pu`er Lancang Ancient Tea Co (HKSE:06911) Debt-to-Equity : 0.38 (As of Dec. 2023)


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What is Pu`er Lancang Ancient Tea Co Debt-to-Equity?

Pu`er Lancang Ancient Tea Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$178.8 Mil. Pu`er Lancang Ancient Tea Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$242.6 Mil. Pu`er Lancang Ancient Tea Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was HK$1,103.0 Mil. Pu`er Lancang Ancient Tea Co's debt to equity for the quarter that ended in Dec. 2023 was 0.38.

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 Pu`er Lancang Ancient Tea Co's Debt-to-Equity or its related term are showing as below:

HKSE:06911' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.3   Med: 0.38   Max: 0.48
Current: 0.38

During the past 4 years, the highest Debt-to-Equity Ratio of Pu`er Lancang Ancient Tea Co was 0.48. The lowest was 0.30. And the median was 0.38.

HKSE:06911's Debt-to-Equity is ranked better than
51.29% of 1673 companies
in the Consumer Packaged Goods industry
Industry Median: 0.39 vs HKSE:06911: 0.38

Pu`er Lancang Ancient Tea Co Debt-to-Equity Historical Data

The historical data trend for Pu`er Lancang Ancient Tea 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.

Pu`er Lancang Ancient Tea Co Debt-to-Equity Chart

Pu`er Lancang Ancient Tea Co Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Debt-to-Equity
0.30 0.38 0.48 0.38

Pu`er Lancang Ancient Tea Co Semi-Annual Data
Dec20 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
Debt-to-Equity Get a 7-Day Free Trial N/A 0.48 0.46 0.38 N/A

Competitive Comparison of Pu`er Lancang Ancient Tea Co's Debt-to-Equity

For the Farm Products subindustry, Pu`er Lancang Ancient Tea 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.

Pu`er Lancang Ancient Tea Co's Debt-to-Equity Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Pu`er Lancang Ancient Tea Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Pu`er Lancang Ancient Tea Co's Debt-to-Equity falls into.


Pu`er Lancang Ancient Tea Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Pu`er Lancang Ancient Tea 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
=(178.813 + 242.577) / 1102.969
=0.38

Pu`er Lancang Ancient Tea 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
=(178.813 + 242.577) / 1102.969
=0.38

* 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.

Pu`er Lancang Ancient Tea Co  (HKSE:06911) 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.

Pu`er Lancang Ancient Tea Co Debt-to-Equity Related Terms

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Pu`er Lancang Ancient Tea Co Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Pu`er Lancang Ancient Tea Co Ltd (HKSE:06911) » Definitions » Debt-to-Equity
Comparable Companies
Traded in Other Exchanges
N/A
Address
Pingzhang Road, West Suburb Hot Spring Community, Lancang Lahu Ethnic Autonomous County, Yunnan Province, Menglang Town, Puer, CHN
Website
http://www.lcgc.cn
Pu`er Lancang Ancient Tea Co Ltd is principally engaged in the development, manufacturing and sales of tea products, primarily Pu'er tea products in China.
Executives
China Credit Trust Co., Ltd 2201 Interest of corporation controlled by you
Harvest Fund Management Co., Ltd. 2201 Interest of corporation controlled by you
Lan Cang Lv Se Zi Yuan Tou Zi You Xian Gong Si 2101 Beneficial owner
Lan Cang Xian Guo You Zi Chan Jing Ying You Xian Ze Ren Gong Si 2201 Interest of corporation controlled by you
Lan Cang Xian Tou Zi Kong Gu Ji Tuan You Xian Gong Si 2201 Interest of corporation controlled by you
Sheng Song Lan Cang Sheng Shi Cha Xiang Yi Hao Si Mu Zheng Quan Tou Zi Ji Jin 2101 Beneficial owner
Dong Xing An Xin Hao Dan Yi Zi Chan Guan Li Ji Hua 2301 Trustee
Wang Chen 2201 Interest of corporation controlled by you
Zhang Liang 2201 Interest of corporation controlled by you
Zhong Guo Hai Jing Ji Tuan You Xian Gong Si 2101 Beneficial owner
Wang Chunyu 2101 Beneficial owner

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