Shandong Zhonglu Oceanic Fisheries Co (SZSE:200992) Debt-to-Equity : 0.47 (As of Mar. 2024)

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What is Shandong Zhonglu Oceanic Fisheries Co Debt-to-Equity?

Shandong Zhonglu Oceanic Fisheries Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was HK$94 Mil. Shandong Zhonglu Oceanic Fisheries Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was HK$429 Mil. Shandong Zhonglu Oceanic Fisheries Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was HK$1,113 Mil. Shandong Zhonglu Oceanic Fisheries Co's debt to equity for the quarter that ended in Mar. 2024 was 0.47.

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 Shandong Zhonglu Oceanic Fisheries Co's Debt-to-Equity or its related term are showing as below:

SZSE:200992' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.04 Med: 0.11 Max: 0.49
Current: 0.47

During the past 13 years, the highest Debt-to-Equity Ratio of Shandong Zhonglu Oceanic Fisheries Co was 0.49. The lowest was 0.04. And the median was 0.11.

SZSE:200992's Debt-to-Equity is ranked worse than
53.54% of 1651 companies
in the Consumer Packaged Goods industry
Industry Median: 0.41 vs SZSE:200992: 0.47

Shandong Zhonglu Oceanic Fisheries Co Debt-to-Equity Historical Data

The historical data trend for Shandong Zhonglu Oceanic Fisheries 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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Shandong Zhonglu Oceanic Fisheries Co Debt-to-Equity Chart

Shandong Zhonglu Oceanic Fisheries Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.06

0.05

0.18

0.31

0.44

Shandong Zhonglu Oceanic Fisheries 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															0.39	0.49	0.48	0.44	0.47

Competitive Comparison of Shandong Zhonglu Oceanic Fisheries Co's Debt-to-Equity

For the Packaged Foods subindustry, Shandong Zhonglu Oceanic Fisheries 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.

Shandong Zhonglu Oceanic Fisheries Co's Debt-to-Equity Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Shandong Zhonglu Oceanic Fisheries Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Shandong Zhonglu Oceanic Fisheries Co's Debt-to-Equity falls into.

Shandong Zhonglu Oceanic Fisheries Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Shandong Zhonglu Oceanic Fisheries 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
	=	(73.118	+	427.302)	/	1126.149
	=	0.44

Shandong Zhonglu Oceanic Fisheries 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
	=	(94.035	+	428.922)	/	1112.563
	=	0.47

Shandong Zhonglu Oceanic Fisheries Co (SZSE:200992) 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.

Shandong Zhonglu Oceanic Fisheries Co Debt-to-Equity Related Terms

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Shandong Zhonglu Oceanic Fisheries Co (SZSE:200992) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Shandong Zhonglu Oceanic Fisheries Co Ltd (SZSE:200992) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

No. 29 Miaoling Road, Laoshan District, Shandong Province, Qingdao, CHN, 266061

Website

http://www.zofco.cn

Shandong Zhonglu Oceanic Fisheries Co Ltd engages in the business of oceanic fishing. It primarily offers tuna and its products. It operates through the following segments: Oceanic Fishing, Vessels Leasing, Aquatic Products Processing, and Others. The company is also involved in the refrigeration, processing, and trading of aquatic products; and vessel leasing, refrigeration transportation, and other businesses. The firm's majority revenue comes from the Aquatic Products Processing segment. Its geographical segments are Japan, America, Russia, the European Union, South Korea, Israel, and other countries.

Executives

Chi Wei Zhen	Executives
Jiang Peng	Securities Affairs Representative

Shandong Zhonglu Oceanic Fisheries Co (SZSE:200992) Headlines

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