Tibet Development Co (SZSE:000752) Debt-to-Equity : 0.04 (As of Mar. 2024)

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What is Tibet Development Co Debt-to-Equity?

Tibet Development Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥0.0 Mil. Tibet Development Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥4.3 Mil. Tibet Development Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥112.4 Mil. Tibet Development Co's debt to equity for the quarter that ended in Mar. 2024 was 0.04.

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

SZSE:000752' s Debt-to-Equity Range Over the Past 10 Years
Min: -0.97 Med: 0.12 Max: 0.34
Current: 0.04

During the past 13 years, the highest Debt-to-Equity Ratio of Tibet Development Co was 0.34. The lowest was -0.97. And the median was 0.12.

SZSE:000752's Debt-to-Equity is ranked better than
85.08% of 181 companies
in the Beverages - Alcoholic industry
Industry Median: 0.38 vs SZSE:000752: 0.04

Tibet Development Co Debt-to-Equity Historical Data

The historical data trend for Tibet Development 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.

Tibet Development Co Debt-to-Equity Chart

Tibet Development Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.13

0.10

0.16

-0.08

0.04

Tibet Development 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															-0.05	-0.05	-0.04	0.04	0.04

Competitive Comparison of Tibet Development Co's Debt-to-Equity

For the Beverages - Brewers subindustry, Tibet Development 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.

Tibet Development Co's Debt-to-Equity Distribution in the Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, Tibet Development Co's Debt-to-Equity distribution charts can be found below:

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

Tibet Development Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Tibet Development 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
	=	(0	+	4.3)	/	111.613
	=	0.04

Tibet Development 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
	=	(0	+	4.3)	/	112.391
	=	0.04

Tibet Development Co (SZSE:000752) 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.

Tibet Development Co Debt-to-Equity Related Terms

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Tibet Development Co (SZSE:000752) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Tibet Development Co Ltd (SZSE:000752) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

Jinzhu West Road, 28-5 Geshanlinka A, Tibet, Lhasa, CHN

Website

http://www.xzfz000752.com

Tibet Development Co Ltd, formerly Tibet Galaxy Science & Technology Development Co Ltd is engaged in the business of producing soft drinks. It is also engaged in aquaculture, entertainment services, the development of saffron products and medical device production in China.

Executives

Shen Ke	Independent director
Liu Qi	Director
Ma Gao Xiang	Director
Zhou Ke Qing	Director

Tibet Development Co (SZSE:000752) Headlines

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