Chongqing Genrix Biopharmaceutical Co (SHSE:688443) Debt-to-Equity : 0.24 (As of Mar. 2024)

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What is Chongqing Genrix Biopharmaceutical Co Debt-to-Equity?

Chongqing Genrix Biopharmaceutical Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥12.17 Mil. Chongqing Genrix Biopharmaceutical Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥630.12 Mil. Chongqing Genrix Biopharmaceutical Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥2,658.79 Mil. Chongqing Genrix Biopharmaceutical Co's debt to equity for the quarter that ended in Mar. 2024 was 0.24.

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 Chongqing Genrix Biopharmaceutical Co's Debt-to-Equity or its related term are showing as below:

SHSE:688443' s Debt-to-Equity Range Over the Past 10 Years
Min: -10.31 Med: 0.24 Max: 27.23
Current: 0.24

During the past 5 years, the highest Debt-to-Equity Ratio of Chongqing Genrix Biopharmaceutical Co was 27.23. The lowest was -10.31. And the median was 0.24.

SHSE:688443's Debt-to-Equity is ranked worse than
59.83% of 1058 companies
in the Biotechnology industry
Industry Median: 0.14 vs SHSE:688443: 0.24

Chongqing Genrix Biopharmaceutical Co Debt-to-Equity Historical Data

The historical data trend for Chongqing Genrix Biopharmaceutical 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.

Chongqing Genrix Biopharmaceutical Co Debt-to-Equity Chart

Chongqing Genrix Biopharmaceutical Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

-0.94

1.85

27.23

0.23

Chongqing Genrix Biopharmaceutical Co Quarterly Data
	Dec19	Dec20	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial								-10.31	0.29	0.22	0.23	0.24

Competitive Comparison of Chongqing Genrix Biopharmaceutical Co's Debt-to-Equity

For the Biotechnology subindustry, Chongqing Genrix Biopharmaceutical 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.

Chongqing Genrix Biopharmaceutical Co's Debt-to-Equity Distribution in the Biotechnology Industry

For the Biotechnology industry and Healthcare sector, Chongqing Genrix Biopharmaceutical Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Chongqing Genrix Biopharmaceutical Co's Debt-to-Equity falls into.

Chongqing Genrix Biopharmaceutical Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Chongqing Genrix Biopharmaceutical 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
	=	(10.696	+	630.296)	/	2784.232
	=	0.23

Chongqing Genrix Biopharmaceutical 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
	=	(12.169	+	630.12)	/	2658.792
	=	0.24

Chongqing Genrix Biopharmaceutical Co (SHSE:688443) 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.

Chongqing Genrix Biopharmaceutical Co Debt-to-Equity Related Terms

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Chongqing Genrix Biopharmaceutical Co (SHSE:688443) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » Chongqing Genrix Biopharmaceutical Co Ltd (SHSE:688443) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 699, Maliu Avenue, Area A, Building 2, International Bio City, Banan, Chongqing, CHN, 401338

Website

http://www.genrixbio.com

Chongqing Genrix Biopharmaceutical Co Ltd is engaged in the research & development, production and sales of antibody drugs. The company has a total of more than ten products under research covering three major therapeutic areas. The progress of core products is leading, and some product pipelines are as follows; autoimmune disease, infectious disease, and tumor. Its product Xeligekimab injection (Xeligekimab) is a recombinant fully human anti-IL-17A monoclonal antibody independently developed by the company, which has been accepted by the National Medical Products Administration (NMPA) for new drug marketing applications.

Executives

Jiang Ren Sheng

Director

Chongqing Genrix Biopharmaceutical Co (SHSE:688443) Headlines

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