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Qinghai Huzhu TianYouDe Highland Barley Spirit Co (SZSE:002646) Debt-to-Equity : 0.05 (As of Mar. 2024)


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What is Qinghai Huzhu TianYouDe Highland Barley Spirit Co Debt-to-Equity?

Qinghai Huzhu TianYouDe Highland Barley Spirit Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥105 Mil. Qinghai Huzhu TianYouDe Highland Barley Spirit Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥26 Mil. Qinghai Huzhu TianYouDe Highland Barley Spirit Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥2,940 Mil. Qinghai Huzhu TianYouDe Highland Barley Spirit 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 Qinghai Huzhu TianYouDe Highland Barley Spirit Co's Debt-to-Equity or its related term are showing as below:

SZSE:002646' s Debt-to-Equity Range Over the Past 10 Years
Min: 0   Med: 0.05   Max: 0.17
Current: 0.05

During the past 13 years, the highest Debt-to-Equity Ratio of Qinghai Huzhu TianYouDe Highland Barley Spirit Co was 0.17. The lowest was 0.00. And the median was 0.05.

SZSE:002646's Debt-to-Equity is ranked better than
82.32% of 181 companies
in the Beverages - Alcoholic industry
Industry Median: 0.38 vs SZSE:002646: 0.05

Qinghai Huzhu TianYouDe Highland Barley Spirit Co Debt-to-Equity Historical Data

The historical data trend for Qinghai Huzhu TianYouDe Highland Barley Spirit 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.

Qinghai Huzhu TianYouDe Highland Barley Spirit Co Debt-to-Equity Chart

Qinghai Huzhu TianYouDe Highland Barley Spirit 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 0.04 0.07 0.07 0.05 0.05

Qinghai Huzhu TianYouDe Highland Barley Spirit 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 0.05 0.05 0.05 0.05 0.05

Competitive Comparison of Qinghai Huzhu TianYouDe Highland Barley Spirit Co's Debt-to-Equity

For the Beverages - Wineries & Distilleries subindustry, Qinghai Huzhu TianYouDe Highland Barley Spirit 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.


Qinghai Huzhu TianYouDe Highland Barley Spirit Co's Debt-to-Equity Distribution in the Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, Qinghai Huzhu TianYouDe Highland Barley Spirit Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Qinghai Huzhu TianYouDe Highland Barley Spirit Co's Debt-to-Equity falls into.



Qinghai Huzhu TianYouDe Highland Barley Spirit Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Qinghai Huzhu TianYouDe Highland Barley Spirit Co's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Qinghai Huzhu TianYouDe Highland Barley Spirit 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.


Qinghai Huzhu TianYouDe Highland Barley Spirit Co  (SZSE:002646) 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.


Qinghai Huzhu TianYouDe Highland Barley Spirit Co Debt-to-Equity Related Terms

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Qinghai Huzhu TianYouDe Highland Barley Spirit Co (SZSE:002646) Business Description

Traded in Other Exchanges
N/A
Address
No. 6 West Stree, Huzhu County, Qinghai Province, Weiyuan, CHN, 810500
Qinghai Huzhu TianYouDe Highland Barley Spirit Co Ltd is a China-based company operating in the liquor industry. The principal business activities of the company are research and development, production and sales of wine and alcoholic beverages. It specializes in Xizhu, Tianyoude, Ba Dafang, Yongqinghe, Shiyi De and many other series of barleywines, as well as the Maxwell brand.
Executives
Fan Wen Lai Independent director
Guo Shou Ming Director
Li Yin Hui Directors, executives
Wang Zhao San Directors, executives
Lu Yan Supervisors

Qinghai Huzhu TianYouDe Highland Barley Spirit Co (SZSE:002646) Headlines

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