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Bros Eastern Co (SHSE:601339) Debt-to-Equity : 0.54 (As of Jun. 2024)


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What is Bros Eastern Co Debt-to-Equity?

Bros Eastern Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was ¥3,639 Mil. Bros Eastern Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was ¥1,414 Mil. Bros Eastern Co's Total Stockholders Equity for the quarter that ended in Jun. 2024 was ¥9,339 Mil. Bros Eastern Co's debt to equity for the quarter that ended in Jun. 2024 was 0.54.

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

SHSE:601339' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.41   Med: 0.54   Max: 0.88
Current: 0.54

During the past 13 years, the highest Debt-to-Equity Ratio of Bros Eastern Co was 0.88. The lowest was 0.41. And the median was 0.54.

SHSE:601339's Debt-to-Equity is ranked worse than
56.46% of 937 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.43 vs SHSE:601339: 0.54

Bros Eastern Co Debt-to-Equity Historical Data

The historical data trend for Bros Eastern 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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Bros Eastern Co Debt-to-Equity Chart

Bros Eastern 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 0.71 0.57 0.49 0.52 0.58

Bros Eastern Co Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
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 0.60 0.65 0.58 0.60 0.54

Competitive Comparison of Bros Eastern Co's Debt-to-Equity

For the Textile Manufacturing subindustry, Bros Eastern 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.


Bros Eastern Co's Debt-to-Equity Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Bros Eastern Co's Debt-to-Equity distribution charts can be found below:

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



Bros Eastern Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

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

Bros Eastern Co's Debt to Equity Ratio for the quarter that ended in Jun. 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.


Bros Eastern Co  (SHSE:601339) 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.


Bros Eastern Co Debt-to-Equity Related Terms

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


Bros Eastern Co Business Description

Traded in Other Exchanges
N/A
Address
1 Nan'er East Road, LuoTuo Town ZhenHai District, Ningbo, CHN, 315200
Bros Eastern Co Ltd operates in the textile industry. The company is specialized in research and development, manufacturing and marketing of top-dyed melange yarn. Its products are categories into classical series, neo yarn series, and trend colors.
Executives
Zhang Kui Director
Yang Yong Director
Dong Qi Han senior management
Zhou Li Wen senior management
Mai Jia Liang Director
Zhong Zheng Yuan Supervisors
Qian Ya Bin Director
Yang Wei Guo Director
Yang Wei Xin Director

Bros Eastern Co Headlines

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