Sichuan Guoguoang Agrochemicals Co (SZSE:002749) Debt-to-Equity : 0.21 (As of Mar. 2024)

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What is Sichuan Guoguoang Agrochemicals Co Debt-to-Equity?

Sichuan Guoguoang Agrochemicals Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥33 Mil. Sichuan Guoguoang Agrochemicals Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥327 Mil. Sichuan Guoguoang Agrochemicals Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥1,726 Mil. Sichuan Guoguoang Agrochemicals 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 Sichuan Guoguoang Agrochemicals Co's Debt-to-Equity or its related term are showing as below:

SZSE:002749' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.21 Max: 0.23
Current: 0.21

During the past 13 years, the highest Debt-to-Equity Ratio of Sichuan Guoguoang Agrochemicals Co was 0.23. The lowest was 0.00. And the median was 0.21.

SZSE:002749's Debt-to-Equity is ranked better than
63.93% of 219 companies
in the Agriculture industry
Industry Median: 0.35 vs SZSE:002749: 0.21

Sichuan Guoguoang Agrochemicals Co Debt-to-Equity Historical Data

The historical data trend for Sichuan Guoguoang Agrochemicals 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.

Sichuan Guoguoang Agrochemicals Co Debt-to-Equity Chart

Sichuan Guoguoang Agrochemicals Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.21

0.20

0.21

Sichuan Guoguoang Agrochemicals 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															0.22	0.23	0.22	0.21	0.21

Competitive Comparison of Sichuan Guoguoang Agrochemicals Co's Debt-to-Equity

For the Agricultural Inputs subindustry, Sichuan Guoguoang Agrochemicals 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.

Sichuan Guoguoang Agrochemicals Co's Debt-to-Equity Distribution in the Agriculture Industry

For the Agriculture industry and Basic Materials sector, Sichuan Guoguoang Agrochemicals Co's Debt-to-Equity distribution charts can be found below:

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

Sichuan Guoguoang Agrochemicals Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Sichuan Guoguoang Agrochemicals 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
	=	(53.167	+	326.351)	/	1774.418
	=	0.21

Sichuan Guoguoang Agrochemicals 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
	=	(33.142	+	327.014)	/	1725.525
	=	0.21

Sichuan Guoguoang Agrochemicals Co (SZSE:002749) 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.

Sichuan Guoguoang Agrochemicals Co Debt-to-Equity Related Terms

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Sichuan Guoguoang Agrochemicals Co (SZSE:002749) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » Sichuan Guoguoang Agrochemicals Co Ltd (SZSE:002749) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 899, Beijing Road, Longquanyi District, Sichuan, Chengdu, CHN, 610100

Website

http://www.scggic.com

Sichuan Guoguoang Agrochemicals Co Ltd is engaged in research, development, production, and sales of plant growth regulators and high-efficiency water-soluble fertilizers. Its products mainly used in agricultural planting, horticultural production, garden conservation, forestry plant protection and other fields. The firm exports its products to the United States, Japan, Thailand, Egypt, the Philippines, Vietnam, South Korea.

Executives

He Peng	Directors, executives
Yan Chang Xu	Director
Yan Ya Qi	Directors, executives

Sichuan Guoguoang Agrochemicals Co (SZSE:002749) Headlines

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