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JinJian Cereals Industry Co (SHSE:600127) Debt-to-Equity : 0.94 (As of Mar. 2024)


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What is JinJian Cereals Industry Co Debt-to-Equity?

JinJian Cereals Industry Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥607 Mil. JinJian Cereals Industry Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥49 Mil. JinJian Cereals Industry Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥695 Mil. JinJian Cereals Industry Co's debt to equity for the quarter that ended in Mar. 2024 was 0.94.

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 JinJian Cereals Industry Co's Debt-to-Equity or its related term are showing as below:

SHSE:600127' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.18   Med: 0.97   Max: 1.46
Current: 0.94

During the past 13 years, the highest Debt-to-Equity Ratio of JinJian Cereals Industry Co was 1.46. The lowest was 0.18. And the median was 0.97.

SHSE:600127's Debt-to-Equity is ranked worse than
76.05% of 1637 companies
in the Consumer Packaged Goods industry
Industry Median: 0.41 vs SHSE:600127: 0.94

JinJian Cereals Industry Co Debt-to-Equity Historical Data

The historical data trend for JinJian Cereals Industry 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.

JinJian Cereals Industry Co Debt-to-Equity Chart

JinJian Cereals Industry Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.13 1.27 1.33 1.34 0.90

JinJian Cereals Industry Co Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Debt-to-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.22 0.93 0.92 0.90 0.94

Competitive Comparison of JinJian Cereals Industry Co's Debt-to-Equity

For the Packaged Foods subindustry, JinJian Cereals Industry 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.


JinJian Cereals Industry Co's Debt-to-Equity Distribution in the Consumer Packaged Goods Industry

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

* The bar in red indicates where JinJian Cereals Industry Co's Debt-to-Equity falls into.



JinJian Cereals Industry Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

JinJian Cereals Industry Co's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

JinJian Cereals Industry Co's Debt to Equity Ratio for the quarter that ended in Mar. 2024 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.


JinJian Cereals Industry Co  (SHSE:600127) 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.


JinJian Cereals Industry Co Debt-to-Equity Related Terms

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JinJian Cereals Industry Co (SHSE:600127) Business Description

Traded in Other Exchanges
N/A
Address
Chongde Road No .158, Economic development zone, Chang De City, Hunan, Chang De, CHN, 415001
JinJian Cereals Industry Co Ltd is engaged in the production and sales of packaged grain. The company develops high-quality cereal and oil, new health food and drug preparation. The main products of the company are rice, flour, noodles, vegetable oil, rice noodle, dairy, candy, and medicine.

JinJian Cereals Industry Co (SHSE:600127) Headlines

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