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Jiangsu Hengshun Vinegar Industry Co (SHSE:600305) Debt-to-Equity : 0.00 (As of Sep. 2023)


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What is Jiangsu Hengshun Vinegar Industry Co Debt-to-Equity?

Jiangsu Hengshun Vinegar Industry Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ¥3 Mil. Jiangsu Hengshun Vinegar Industry Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ¥2 Mil. Jiangsu Hengshun Vinegar Industry Co's Total Stockholders Equity for the quarter that ended in Sep. 2023 was ¥3,346 Mil. Jiangsu Hengshun Vinegar Industry Co's debt to equity for the quarter that ended in Sep. 2023 was 0.00.

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 Jiangsu Hengshun Vinegar Industry Co's Debt-to-Equity or its related term are showing as below:

During the past 13 years, the highest Debt-to-Equity Ratio of Jiangsu Hengshun Vinegar Industry Co was 1.96. The lowest was 0.00. And the median was 0.08.

SHSE:600305's Debt-to-Equity is not ranked *
in the Consumer Packaged Goods industry.
Industry Median: 0.405
* Ranked among companies with meaningful Debt-to-Equity only.

Jiangsu Hengshun Vinegar Industry Co Debt-to-Equity Historical Data

The historical data trend for Jiangsu Hengshun Vinegar 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.

Jiangsu Hengshun Vinegar Industry Co Debt-to-Equity Chart

Jiangsu Hengshun Vinegar Industry Co Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.08 0.02 0.08 0.09 0.02

Jiangsu Hengshun Vinegar Industry Co Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
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 0.02 0.02 0.02 0.01 -

Competitive Comparison of Jiangsu Hengshun Vinegar Industry Co's Debt-to-Equity

For the Packaged Foods subindustry, Jiangsu Hengshun Vinegar 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.


Jiangsu Hengshun Vinegar Industry Co's Debt-to-Equity Distribution in the Consumer Packaged Goods Industry

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

* The bar in red indicates where Jiangsu Hengshun Vinegar Industry Co's Debt-to-Equity falls into.



Jiangsu Hengshun Vinegar Industry Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Jiangsu Hengshun Vinegar Industry Co's Debt to Equity Ratio for the fiscal year that ended in Dec. 2022 is calculated as

Jiangsu Hengshun Vinegar Industry Co's Debt to Equity Ratio for the quarter that ended in Sep. 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.


Jiangsu Hengshun Vinegar Industry Co  (SHSE:600305) 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.


Jiangsu Hengshun Vinegar Industry Co Debt-to-Equity Related Terms

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Jiangsu Hengshun Vinegar Industry Co (SHSE:600305) Business Description

Traded in Other Exchanges
N/A
Address
No. 66, Hengshun Avenue, Zhenjiang, Jiangsu Province, Dantu New City, CHN, 212028
Jiangsu Hengshun Vinegar Industry Co Ltd is a Chinese company which produces traditional brewing spices, condiments, vinegar, and health products. The company is also involved in residential real estate and packaging and printing.

Jiangsu Hengshun Vinegar Industry Co (SHSE:600305) Headlines

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