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Jiuzhitang Co (SZSE:000989) Debt-to-Equity : 0.04 (As of Sep. 2024)


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What is Jiuzhitang Co Debt-to-Equity?

Jiuzhitang Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was ¥129 Mil. Jiuzhitang Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was ¥9 Mil. Jiuzhitang Co's Total Stockholders Equity for the quarter that ended in Sep. 2024 was ¥3,779 Mil. Jiuzhitang Co's debt to equity for the quarter that ended in Sep. 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 Jiuzhitang Co's Debt-to-Equity or its related term are showing as below:

SZSE:000989' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01   Med: 0.03   Max: 0.08
Current: 0.04

During the past 13 years, the highest Debt-to-Equity Ratio of Jiuzhitang Co was 0.08. The lowest was 0.01. And the median was 0.03.

SZSE:000989's Debt-to-Equity is ranked better than
84.56% of 829 companies
in the Drug Manufacturers industry
Industry Median: 0.28 vs SZSE:000989: 0.04

Jiuzhitang Co Debt-to-Equity Historical Data

The historical data trend for Jiuzhitang 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.

Jiuzhitang Co Debt-to-Equity Chart

Jiuzhitang 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 - 0.06 0.03 0.02 0.03

Jiuzhitang 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 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 0.06 0.03 0.04 0.08 0.04

Competitive Comparison of Jiuzhitang Co's Debt-to-Equity

For the Drug Manufacturers - Specialty & Generic subindustry, Jiuzhitang 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.


Jiuzhitang Co's Debt-to-Equity Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Jiuzhitang Co's Debt-to-Equity distribution charts can be found below:

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



Jiuzhitang Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

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

Jiuzhitang Co's Debt to Equity Ratio for the quarter that ended in Sep. 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.


Jiuzhitang Co  (SZSE:000989) 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.


Jiuzhitang Co Debt-to-Equity Related Terms

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Jiuzhitang Co Business Description

Traded in Other Exchanges
N/A
Address
No. 339 Tongzipo West Road, Tonglu, Hunan province, Changsha, CHN, 410205
Jiuzhitang Co Ltd is a China-based medicine company. It is engaged in the manufacture and sale of traditional Chinese medicines and biological medicine. The company developed four different lines of products such as Health Products, Modern Chinese Medicine, Ecological Western Medicine and Biomedical Medicine. The organization sells its products in China and international countries.
Executives
Li Zhen Guo Director
Liu Guo Chao Director
Xu Xiang Ping Directors, executives
Liu Shu Xia Supervisors
Sun Wei Xiang Executives
Sheng Suo Zhu Directors, executives
Yang Lian Min Executives
Gao Jin Yan Executives
Sun Xiao Bo Director
Xu De An Supervisors
Cai Guang Yun Executives
Yu Ke Jian Director

Jiuzhitang Co Headlines

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