ZJLD Group (HKSE:06979) Debt-to-Equity : 0.01 (As of Dec. 2023)

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What is ZJLD Group Debt-to-Equity?

ZJLD Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$55 Mil. ZJLD Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$28 Mil. ZJLD Group's Total Stockholders Equity for the quarter that ended in Dec. 2023 was HK$13,864 Mil. ZJLD Group's debt to equity for the quarter that ended in Dec. 2023 was 0.01.

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

HKSE:06979' s Debt-to-Equity Range Over the Past 10 Years
Min: -0.14 Med: -0.01 Max: 0.88
Current: 0.01

During the past 4 years, the highest Debt-to-Equity Ratio of ZJLD Group was 0.88. The lowest was -0.14. And the median was -0.01.

HKSE:06979's Debt-to-Equity is ranked better than
99.44% of 180 companies
in the Beverages - Alcoholic industry
Industry Median: 0.405 vs HKSE:06979: 0.01

ZJLD Group Debt-to-Equity Historical Data

The historical data trend for ZJLD Group'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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ZJLD Group Debt-to-Equity Chart

ZJLD Group Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

0.88

-0.14

-0.03

0.01

ZJLD Group Semi-Annual Data
	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial			-0.14	N/A	-0.03	0.01	0.01

Competitive Comparison of ZJLD Group's Debt-to-Equity

For the Beverages - Wineries & Distilleries subindustry, ZJLD Group'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.

ZJLD Group's Debt-to-Equity Distribution in the Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, ZJLD Group's Debt-to-Equity distribution charts can be found below:

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

ZJLD Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

ZJLD Group'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
	=	(55.156	+	27.653)	/	13864.472
	=	0.01

ZJLD Group'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
	=	(55.156	+	27.653)	/	13864.472
	=	0.01

ZJLD Group (HKSE:06979) 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.

ZJLD Group Debt-to-Equity Related Terms

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ZJLD Group (HKSE:06979) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » ZJLD Group Inc (HKSE:06979) » Definitions » Debt-to-Equity

Traded in Other Exchanges

LH6:Germany

Address

No.15 Baiqiao Avenue, 8th Floor, Jiahe Guoxin Building, Dongcheng District, Beijing, CHN

Website

https://www.zjld.com

ZJLD Group Inc is a leading baijiu company in China devoted to offering premium baijiu products featuring a sauce aroma profile. The company aspires to carry forward a rich cultural heritage and turn every drop of aromatic baijiu into a joyful and memorable moment. Baijiu is China's national liquor and the world's most consumed liquor.

Executives

Wu Xiangdong	2201 Interest of corporation controlled by you
Jindong Investment Group Limited	2101 Beneficial owner
Jindong Investment Group Limited	2101 Beneficial owner
Zhenjiu Holding Limited	2101 Beneficial owner
Zhenjiu Holding Limited	2101 Beneficial owner
Kkr Afiv Zest Aiv (gp) Limited	2201 Interest of corporation controlled by you
Kkr Asian Fund Iv Zest Aiv L.p.	2201 Interest of corporation controlled by you
Maplesfs Limited	2301 Trustee
Zest Holdings I Pte. Ltd.	2201 Interest of corporation controlled by you
Zest Holdings Ii Pte. Ltd.	2101 Beneficial owner

ZJLD Group (HKSE:06979) Headlines

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