Shandong Fengxiang Co (HKSE:09977) Debt-to-Equity : 0.36 (As of Jun. 2024)

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What is Shandong Fengxiang Co Debt-to-Equity?

Shandong Fengxiang Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was HK$669 Mil. Shandong Fengxiang Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was HK$518 Mil. Shandong Fengxiang Co's Total Stockholders Equity for the quarter that ended in Jun. 2024 was HK$3,325 Mil. Shandong Fengxiang Co's debt to equity for the quarter that ended in Jun. 2024 was 0.36.

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 Shandong Fengxiang Co's Debt-to-Equity or its related term are showing as below:

HKSE:09977' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.32 Med: 0.71 Max: 1.43
Current: 0.36

During the past 8 years, the highest Debt-to-Equity Ratio of Shandong Fengxiang Co was 1.43. The lowest was 0.32. And the median was 0.71.

HKSE:09977's Debt-to-Equity is ranked better than
52.13% of 1646 companies
in the Consumer Packaged Goods industry
Industry Median: 0.385 vs HKSE:09977: 0.36

Shandong Fengxiang Co Debt-to-Equity Historical Data

The historical data trend for Shandong Fengxiang 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.

Shandong Fengxiang Co Debt-to-Equity Chart

Shandong Fengxiang Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.69

0.49

0.72

0.63

0.32

Shandong Fengxiang Co Semi-Annual Data
	Dec16	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Debt-to-Equity	Get a 7-Day Free Trial									0.49	0.63	N/A	0.32	0.36

Competitive Comparison of Shandong Fengxiang Co's Debt-to-Equity

For the Packaged Foods subindustry, Shandong Fengxiang 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.

Shandong Fengxiang Co's Debt-to-Equity Distribution in the Consumer Packaged Goods Industry

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

* The bar in red indicates where Shandong Fengxiang Co's Debt-to-Equity falls into.

Shandong Fengxiang Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Shandong Fengxiang 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
	=	(515.833	+	555.366)	/	3316.224
	=	0.32

Shandong Fengxiang Co's Debt to Equity Ratio for the quarter that ended in Jun. 2024 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
	=	(669.273	+	518.266)	/	3324.519
	=	0.36

Shandong Fengxiang Co (HKSE:09977) 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.

Shandong Fengxiang Co Debt-to-Equity Related Terms

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

Shandong Fengxiang Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Shandong Fengxiang Co Ltd (HKSE:09977) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Liumiao Village, Anle Town, Yanggu County, Shandong Province, Liaocheng, CHN

Website

https://www.fengxiang.com

Shandong Fengxiang Co Ltd is a white-feathered broiler producer in the PRC. The company produces its chicken meat products from white-feathered broilers. It also manufactures and markets a wide range of processed chicken meat products. Its main products include chicken meat products, which consist of raw chicken meat products and processed chicken meat products, and chicken breeds.

Executives

Platinum Peony B 2023 Rsc Limited	2101 Beneficial owner
Abu Dhabi Investment Authority	2201 Interest of corporation controlled by you
Pag	2201 Interest of corporation controlled by you
Shan Weijian	2201 Interest of corporation controlled by you
Pag Capital Limited	2201 Interest of corporation controlled by you
Pag Asia Iv Lp	2201 Interest of corporation controlled by you
Pag Asia Capital Gp Iv Limited	2201 Interest of corporation controlled by you
Pacific Alliance Group Limited	2201 Interest of corporation controlled by you
Falcon Holding Lp	2101 Beneficial owner
Falcon Holding Gp Limited	2201 Interest of corporation controlled by you
Shum Yip Investment & Development Company Limited	2201 Interest of corporation controlled by you
Platinum International Investment Holdings Rsc Limited	2201 Interest of corporation controlled by you
Jinyi Capital Multi-strategy Fund Spc Ltd.	2101 Beneficial owner
Hsbc Holdings Plc	2302 Custodian
Futu Trustee Limited	2301 Trustee

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