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Zhejiang Truelove Vogue Co (SZSE:003041) Debt-to-Equity : 0.36 (As of Mar. 2024)


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What is Zhejiang Truelove Vogue Co Debt-to-Equity?

Zhejiang Truelove Vogue Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥120.0 Mil. Zhejiang Truelove Vogue Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥364.6 Mil. Zhejiang Truelove Vogue Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥1,356.5 Mil. Zhejiang Truelove Vogue Co's debt to equity for the quarter that ended in Mar. 2024 was 0.36.

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 Zhejiang Truelove Vogue Co's Debt-to-Equity or its related term are showing as below:

SZSE:003041' s Debt-to-Equity Range Over the Past 10 Years
Min: 0   Med: 0.15   Max: 1.13
Current: 0.36

During the past 10 years, the highest Debt-to-Equity Ratio of Zhejiang Truelove Vogue Co was 1.13. The lowest was 0.00. And the median was 0.15.

SZSE:003041's Debt-to-Equity is ranked better than
56.38% of 933 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.44 vs SZSE:003041: 0.36

Zhejiang Truelove Vogue Co Debt-to-Equity Historical Data

The historical data trend for Zhejiang Truelove Vogue 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.

Zhejiang Truelove Vogue Co Debt-to-Equity Chart

Zhejiang Truelove Vogue Co Annual Data
Trend Dec12 Dec13 Dec14 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.02 0.01 0.10 0.16 0.33

Zhejiang Truelove Vogue Co Quarterly Data
Dec17 Dec18 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 0.22 0.27 0.33 0.33 0.36

Competitive Comparison of Zhejiang Truelove Vogue Co's Debt-to-Equity

For the Textile Manufacturing subindustry, Zhejiang Truelove Vogue 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.


Zhejiang Truelove Vogue Co's Debt-to-Equity Distribution in the Manufacturing - Apparel & Accessories Industry

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

* The bar in red indicates where Zhejiang Truelove Vogue Co's Debt-to-Equity falls into.



Zhejiang Truelove Vogue Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

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

Zhejiang Truelove Vogue 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.


Zhejiang Truelove Vogue Co  (SZSE:003041) 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.


Zhejiang Truelove Vogue Co Debt-to-Equity Related Terms

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Zhejiang Truelove Vogue Co (SZSE:003041) Business Description

Traded in Other Exchanges
N/A
Address
Jiangdong Street, No.399, Fotang Avenue, Zhejiang Province, Yiwu, CHN, 322000
Zhejiang Zhenai Meijia Co Ltd is engaged in the research and development, design, production and sales of home textile. The company offers blankets and kits such as =Raschel blankets, quilts, pillow cores and other household textile products.

Zhejiang Truelove Vogue Co (SZSE:003041) Headlines

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