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Xinjiang Western Animal Husbandry Co (SZSE:300106) Debt-to-Equity : 0.46 (As of Mar. 2024)


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What is Xinjiang Western Animal Husbandry Co Debt-to-Equity?

Xinjiang Western Animal Husbandry Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥205 Mil. Xinjiang Western Animal Husbandry Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥42 Mil. Xinjiang Western Animal Husbandry Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥537 Mil. Xinjiang Western Animal Husbandry Co's debt to equity for the quarter that ended in Mar. 2024 was 0.46.

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 Xinjiang Western Animal Husbandry Co's Debt-to-Equity or its related term are showing as below:

SZSE:300106' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.24   Med: 0.43   Max: 1.97
Current: 0.46

During the past 13 years, the highest Debt-to-Equity Ratio of Xinjiang Western Animal Husbandry Co was 1.97. The lowest was 0.24. And the median was 0.43.

SZSE:300106's Debt-to-Equity is ranked worse than
53.98% of 1647 companies
in the Consumer Packaged Goods industry
Industry Median: 0.4 vs SZSE:300106: 0.46

Xinjiang Western Animal Husbandry Co Debt-to-Equity Historical Data

The historical data trend for Xinjiang Western Animal Husbandry 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.

Xinjiang Western Animal Husbandry Co Debt-to-Equity Chart

Xinjiang Western Animal Husbandry 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 0.31 0.35 0.34 0.35 0.47

Xinjiang Western Animal Husbandry 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 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 0.36 0.36 0.40 0.47 0.46

Competitive Comparison of Xinjiang Western Animal Husbandry Co's Debt-to-Equity

For the Farm Products subindustry, Xinjiang Western Animal Husbandry 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.


Xinjiang Western Animal Husbandry Co's Debt-to-Equity Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Xinjiang Western Animal Husbandry Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Xinjiang Western Animal Husbandry Co's Debt-to-Equity falls into.



Xinjiang Western Animal Husbandry Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Xinjiang Western Animal Husbandry Co's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Xinjiang Western Animal Husbandry 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.


Xinjiang Western Animal Husbandry Co  (SZSE:300106) 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.


Xinjiang Western Animal Husbandry Co Debt-to-Equity Related Terms

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Xinjiang Western Animal Husbandry Co (SZSE:300106) Business Description

Traded in Other Exchanges
N/A
Address
5-2 West Quad No., Shihezi City, CHN
Xinjiang Western Animal Husbandry Co Ltd is engaged in the production of dairy products. The products of the company include dairy products which include garden dairy products, meat products which include lamb gift box and beef gift box, grease products, and healthcare.
Executives
Chen Cui Lian Director
Chen Jian Fang Executives
Chen Guang Pu Directors, executives
Yang Wen Bo Directors, executives
Chen Jiong Ren Director
Tang Cheng Supervisors
Wu Xiao Jun Director
Wu Wen Shou Director
Wu Wen Jun Supervisors

Xinjiang Western Animal Husbandry Co (SZSE:300106) Headlines

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