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Cedar Development Co (SZSE:002485) Debt-to-Equity : 0.21 (As of Mar. 2024)


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What is Cedar Development Co Debt-to-Equity?

Cedar Development Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥291.1 Mil. Cedar Development Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥0.0 Mil. Cedar Development Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥1,370.0 Mil. Cedar Development Co's debt to equity for the quarter that ended in Mar. 2024 was 0.21.

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

SZSE:002485' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.02   Med: 0.21   Max: 0.56
Current: 0.21

During the past 13 years, the highest Debt-to-Equity Ratio of Cedar Development Co was 0.56. The lowest was 0.02. And the median was 0.21.

SZSE:002485's Debt-to-Equity is ranked better than
69.38% of 934 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.435 vs SZSE:002485: 0.21

Cedar Development Co Debt-to-Equity Historical Data

The historical data trend for Cedar 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.

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Cedar Development Co Debt-to-Equity Chart

Cedar Development 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 0.11 0.22 0.32 0.56 0.23

Cedar 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 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 0.47 0.26 0.27 0.23 0.21

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

For the Apparel Manufacturing subindustry, Cedar 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.


Cedar Development Co's Debt-to-Equity Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Cedar Development Co's Debt-to-Equity distribution charts can be found below:

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



Cedar Development Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

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

Cedar Development Co'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.


Cedar Development Co  (SZSE:002485) 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.


Cedar Development Co Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Cedar Development Co's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.


Cedar Development Co (SZSE:002485) Business Description

Traded in Other Exchanges
N/A
Address
No. 7877, Shunwang Avenue, Shunwang Street, Shandong Province, Zhucheng, CHN, 262200
Cedar Development Co Ltd formerly Sinoer Men's Wear Co Ltd designs produce and sales suits, shirts, and apparel products. Its products include men's suits, trousers, shirts, and coats; T-shirts, jackets, and long-sleeved shirts; and women's coats, as well as other clothing products. The company distributes its products in domestic market and to overseas markets.
Executives
Wu Tie Ji Supervisors
Wang Jin Bin Executives
Wang Gui Bo Director
Xu Guang Ning Director

Cedar Development Co (SZSE:002485) Headlines

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