Shanghainmao Enterprise (Group) Co (SHSE:600689) Debt-to-Equity : 0.01 (As of Mar. 2024)

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What is Shanghainmao Enterprise (Group) Co Debt-to-Equity?

Shanghainmao Enterprise (Group) Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥3 Mil. Shanghainmao Enterprise (Group) Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥1 Mil. Shanghainmao Enterprise (Group) Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥448 Mil. Shanghainmao Enterprise (Group) Co's debt to equity for the quarter that ended in Mar. 2024 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 Shanghainmao Enterprise (Group) Co's Debt-to-Equity or its related term are showing as below:

SHSE:600689' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.01 Max: 0.81
Current: 0.01

During the past 13 years, the highest Debt-to-Equity Ratio of Shanghainmao Enterprise (Group) Co was 0.81. The lowest was 0.01. And the median was 0.01.

SHSE:600689's Debt-to-Equity is ranked better than
99.89% of 940 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.435 vs SHSE:600689: 0.01

Shanghainmao Enterprise (Group) Co Debt-to-Equity Historical Data

The historical data trend for Shanghainmao Enterprise (Group) 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.

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Shanghainmao Enterprise (Group) Co Debt-to-Equity Chart

Shanghainmao Enterprise (Group) Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.01

Shanghainmao Enterprise (Group) 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															0.01	0.01	0.01	0.01	0.01

Competitive Comparison of Shanghainmao Enterprise (Group) Co's Debt-to-Equity

For the Textile Manufacturing subindustry, Shanghainmao Enterprise (Group) 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.

Shanghainmao Enterprise (Group) Co's Debt-to-Equity Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Shanghainmao Enterprise (Group) Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Shanghainmao Enterprise (Group) Co's Debt-to-Equity falls into.

Shanghainmao Enterprise (Group) Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Shanghainmao Enterprise (Group) 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
	=	(3.369	+	1.114)	/	443.184
	=	0.01

Shanghainmao Enterprise (Group) Co's Debt to Equity Ratio for the quarter that ended in Mar. 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
	=	(3.371	+	0.784)	/	448.308
	=	0.01

Shanghainmao Enterprise (Group) Co (SHSE:600689) 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.

Shanghainmao Enterprise (Group) Co Debt-to-Equity Related Terms

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Shanghainmao Enterprise (Group) Co (SHSE:600689) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Shanghai Sanmao Enterprise (Group) Co Ltd (SHSE:600689) » Definitions » Debt-to-Equity

Traded in Other Exchanges

900922:China

Address

No. 51, Lane 200, Xiasha New Street, Pudong New Area, Hangtou Town, Shanghai, CHN

Website

http://www.600689.com

Shanghai Sanmao Enterprise (Group) Co Ltd is in the businesses of importing and exporting of woolen textile products. Further, it is also involved real estate investment, modern estate management, development and management of real estate, sale of wool textile and related products and services. Geographically the activities are carried out through China.

Executives

Zhang Li Fang	senior management
Wang Jian Hua	Director
Zhang Ping	Director

Shanghainmao Enterprise (Group) Co (SHSE:600689) Headlines

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