Jinzai Food Group Co (SZSE:003000) Debt-to-Equity : 0.06 (As of Mar. 2024)

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What is Jinzai Food Group Co Debt-to-Equity?

Jinzai Food Group Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥73 Mil. Jinzai Food Group Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥10 Mil. Jinzai Food Group Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥1,362 Mil. Jinzai Food Group Co's debt to equity for the quarter that ended in Mar. 2024 was 0.06.

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 Jinzai Food Group Co's Debt-to-Equity or its related term are showing as below:

SZSE:003000' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.02 Max: 0.13
Current: 0.06

During the past 8 years, the highest Debt-to-Equity Ratio of Jinzai Food Group Co was 0.13. The lowest was 0.00. And the median was 0.02.

SZSE:003000's Debt-to-Equity is ranked better than
86.36% of 1650 companies
in the Consumer Packaged Goods industry
Industry Median: 0.4 vs SZSE:003000: 0.06

Jinzai Food Group Co Debt-to-Equity Historical Data

The historical data trend for Jinzai Food Group 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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Jinzai Food Group Co Debt-to-Equity Chart

Jinzai Food Group Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.01

0.13

Jinzai Food Group 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															0.05	0.02	0.09	0.13	0.06

Competitive Comparison of Jinzai Food Group Co's Debt-to-Equity

For the Packaged Foods subindustry, Jinzai Food Group 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.

Jinzai Food Group Co's Debt-to-Equity Distribution in the Consumer Packaged Goods Industry

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

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

Jinzai Food Group Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Jinzai Food Group 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
	=	(152.44	+	10.565)	/	1306.55
	=	0.12

Jinzai Food Group 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
	=	(72.714	+	9.732)	/	1361.918
	=	0.06

Jinzai Food Group Co (SZSE:003000) 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.

Jinzai Food Group Co Debt-to-Equity Related Terms

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

Jinzai Food Group Co (SZSE:003000) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Jinzai Food Group Co Ltd (SZSE:003000) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

Pingjiang Industrial Park, Hunan Province, Wushi Town, Pingjiang County, Yueyang, CHN, 414517

Website

Jinzai Food Group Co Ltd formerly Huawen Food Co Ltd is primarily involved in the pre-packaged food and bulk food business. The business activities of the company include production and sales of traditional flavor snack foods such as flavored fish and flavored dried bean curd.

Executives

Su Che Hui	Executives
Liu Te Yuan	Directors, executives

Jinzai Food Group Co (SZSE:003000) Headlines

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