Wuxi AppTec Co (SHSE:603259) Debt-to-Equity : 0.13 (As of Sep. 2024)

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What is Wuxi AppTec Co Debt-to-Equity?

Wuxi AppTec Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was ¥2,976 Mil. Wuxi AppTec Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was ¥4,114 Mil. Wuxi AppTec Co's Total Stockholders Equity for the quarter that ended in Sep. 2024 was ¥55,174 Mil. Wuxi AppTec Co's debt to equity for the quarter that ended in Sep. 2024 was 0.13.

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

SHSE:603259' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.05 Med: 0.12 Max: 0.44
Current: 0.13

During the past 10 years, the highest Debt-to-Equity Ratio of Wuxi AppTec Co was 0.44. The lowest was 0.05. And the median was 0.12.

SHSE:603259's Debt-to-Equity is ranked better than
68.06% of 191 companies
in the Medical Diagnostics & Research industry
Industry Median: 0.27 vs SHSE:603259: 0.13

Wuxi AppTec Co Debt-to-Equity Historical Data

The historical data trend for Wuxi AppTec 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.

Wuxi AppTec Co Debt-to-Equity Chart

Wuxi AppTec Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.33

0.13

0.11

0.13

0.10

Wuxi AppTec Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Debt-to-Equity	Get a 7-Day Free Trial															0.12	0.10	0.13	0.13	0.13

Competitive Comparison of Wuxi AppTec Co's Debt-to-Equity

For the Diagnostics & Research subindustry, Wuxi AppTec 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.

Wuxi AppTec Co's Debt-to-Equity Distribution in the Medical Diagnostics & Research Industry

For the Medical Diagnostics & Research industry and Healthcare sector, Wuxi AppTec Co's Debt-to-Equity distribution charts can be found below:

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

Wuxi AppTec Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Wuxi AppTec 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
	=	(3962.097	+	1785.569)	/	55122.454
	=	0.10

Wuxi AppTec Co's Debt to Equity Ratio for the quarter that ended in Sep. 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
	=	(2976.395	+	4113.673)	/	55173.548
	=	0.13

Wuxi AppTec Co (SHSE:603259) 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.

Wuxi AppTec Co Debt-to-Equity Related Terms

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Wuxi AppTec Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Diagnostics & Research » Wuxi AppTec Co Ltd (SHSE:603259) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

WUXAY:USA 02359:Hong Kong WX8:Germany

Address

288 Fute Zhong Road, Waigaoqiao Free Trade Zone, Shanghai, CHN, 200131

Website

https://www.wuxiapptec.com

Wuxi AppTec Co Ltd provides a portfolio of research and manufacturing services through the discovery, development, and manufacturing spectrum for small-molecule drugs, cell therapies, gene therapies, and testing services for medical devices. Its segments comprise WuXi Chemistry, WuXi Testing, WuXi Biology, WuXi ATU, WuXi DDSU, and Others. It generates the majority of its revenue from the WuXi Chemistry segment. Its geographic areas are the PRC, USA, Europe, and the Rest of the world, in which it generates the majority of its revenue from the USA.

Executives

Chen Shu Hui	senior management
Yang	Director
Hu Zheng Guo	Director
	senior management
Yao Chi	Director
Chen Min	Director
Zhu Bi Xin	senior management
Yang	senior management
Chen Shu Hui	senior management
Hu Zheng Guo	Director

Wuxi AppTec Co Headlines

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