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Shanghai Shen Lian Biomedical (SHSE:688098) Debt-to-Equity : 0.00 (As of Mar. 2024)


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What is Shanghai Shen Lian Biomedical Debt-to-Equity?

Shanghai Shen Lian Biomedical's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥0.3 Mil. Shanghai Shen Lian Biomedical's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥0.8 Mil. Shanghai Shen Lian Biomedical's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥1,486.5 Mil. Shanghai Shen Lian Biomedical's debt to equity for the quarter that ended in Mar. 2024 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 Shanghai Shen Lian Biomedical's Debt-to-Equity or its related term are showing as below:

During the past 11 years, the highest Debt-to-Equity Ratio of Shanghai Shen Lian Biomedical was 0.14. The lowest was 0.00. And the median was 0.02.

SHSE:688098's Debt-to-Equity is not ranked *
in the Biotechnology industry.
Industry Median: 0.145
* Ranked among companies with meaningful Debt-to-Equity only.

Shanghai Shen Lian Biomedical Debt-to-Equity Historical Data

The historical data trend for Shanghai Shen Lian Biomedical'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.

Shanghai Shen Lian Biomedical Debt-to-Equity Chart

Shanghai Shen Lian Biomedical Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-Equity
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Shanghai Shen Lian Biomedical 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 - - - - -

Competitive Comparison of Shanghai Shen Lian Biomedical's Debt-to-Equity

For the Biotechnology subindustry, Shanghai Shen Lian Biomedical'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.


Shanghai Shen Lian Biomedical's Debt-to-Equity Distribution in the Biotechnology Industry

For the Biotechnology industry and Healthcare sector, Shanghai Shen Lian Biomedical's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Shanghai Shen Lian Biomedical's Debt-to-Equity falls into.



Shanghai Shen Lian Biomedical Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Shanghai Shen Lian Biomedical's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Shanghai Shen Lian Biomedical'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.


Shanghai Shen Lian Biomedical  (SHSE:688098) 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.


Shanghai Shen Lian Biomedical Debt-to-Equity Related Terms

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Shanghai Shen Lian Biomedical (SHSE:688098) Business Description

Traded in Other Exchanges
N/A
Address
No. 48, Jiangchuan East Road, Minhang District, Shanghai, CHN, 200241
Shanghai Shen Lian Biomedical Corp is engaged in the development, production and sales of veterinary biological products.

Shanghai Shen Lian Biomedical (SHSE:688098) Headlines

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