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Chen Ke Ming Food Manufacturing Co (SZSE:002661) Debt-to-Equity : 0.85 (As of Sep. 2024)


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What is Chen Ke Ming Food Manufacturing Co Debt-to-Equity?

Chen Ke Ming Food Manufacturing Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was ¥1,120 Mil. Chen Ke Ming Food Manufacturing Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was ¥1,012 Mil. Chen Ke Ming Food Manufacturing Co's Total Stockholders Equity for the quarter that ended in Sep. 2024 was ¥2,505 Mil. Chen Ke Ming Food Manufacturing Co's debt to equity for the quarter that ended in Sep. 2024 was 0.85.

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 Chen Ke Ming Food Manufacturing Co's Debt-to-Equity or its related term are showing as below:

SZSE:002661' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.02   Med: 0.31   Max: 1.04
Current: 0.85

During the past 13 years, the highest Debt-to-Equity Ratio of Chen Ke Ming Food Manufacturing Co was 1.04. The lowest was 0.02. And the median was 0.31.

SZSE:002661's Debt-to-Equity is ranked worse than
74.03% of 1656 companies
in the Consumer Packaged Goods industry
Industry Median: 0.395 vs SZSE:002661: 0.85

Chen Ke Ming Food Manufacturing Co Debt-to-Equity Historical Data

The historical data trend for Chen Ke Ming Food Manufacturing 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.

Chen Ke Ming Food Manufacturing Co Debt-to-Equity Chart

Chen Ke Ming Food Manufacturing 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 0.41 0.26 0.21 0.46 0.92

Chen Ke Ming Food Manufacturing 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 0.93 0.92 1.04 0.89 0.85

Competitive Comparison of Chen Ke Ming Food Manufacturing Co's Debt-to-Equity

For the Packaged Foods subindustry, Chen Ke Ming Food Manufacturing 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.


Chen Ke Ming Food Manufacturing Co's Debt-to-Equity Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Chen Ke Ming Food Manufacturing Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Chen Ke Ming Food Manufacturing Co's Debt-to-Equity falls into.



Chen Ke Ming Food Manufacturing Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Chen Ke Ming Food Manufacturing Co's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Chen Ke Ming Food Manufacturing 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.


Chen Ke Ming Food Manufacturing Co  (SZSE:002661) 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.


Chen Ke Ming Food Manufacturing Co Debt-to-Equity Related Terms

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


Chen Ke Ming Food Manufacturing Co Business Description

Traded in Other Exchanges
N/A
Address
No. 28, Zhenhua Road, Environmental Protection Technology Industrial Park, Yuhua District, Hunan Province, Changsha, CHN, 410116
Chen Ke Ming Food Manufacturing Co Ltd is a food manufacturing company in China. It is engaged in the research and development, production, and sale of middle and high-grade fine dried noodles. Its noodles are categories into six series - nutrition, power, high-gluten, gift, children, and other series. The company distributes its products under the brand name CKM.
Executives
Chen Hong Directors, executives
Chen Yan Secretary, Director
Yang Bo Executives
Zhang Bo Dong Executives
Zhang Xiao Executives
Li Rui Executives
Duan Ju Xiang Director
Zhang Jun Hui Executives
Chen Ke Zhong Director
Yang Li Juan Supervisors
Zhang Mu Lin Independent director
Li Qing Long Independent director
Chen Ke Ming Director
Chen Hui Director
Wang Yong Secretary, Director

Chen Ke Ming Food Manufacturing Co Headlines

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