Jiangsu Jinling Sports Equipment Co (SZSE:300651) Debt-to-Equity : 0.30 (As of Mar. 2024)

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What is Jiangsu Jinling Sports Equipment Co Debt-to-Equity?

Jiangsu Jinling Sports Equipment Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥5.5 Mil. Jiangsu Jinling Sports Equipment Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥239.1 Mil. Jiangsu Jinling Sports Equipment Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥817.9 Mil. Jiangsu Jinling Sports Equipment Co's debt to equity for the quarter that ended in Mar. 2024 was 0.30.

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 Jiangsu Jinling Sports Equipment Co's Debt-to-Equity or its related term are showing as below:

SZSE:300651' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.05 Med: 0.21 Max: 0.41
Current: 0.3

During the past 12 years, the highest Debt-to-Equity Ratio of Jiangsu Jinling Sports Equipment Co was 0.41. The lowest was 0.05. And the median was 0.21.

SZSE:300651's Debt-to-Equity is ranked better than
62.14% of 692 companies
in the Travel & Leisure industry
Industry Median: 0.46 vs SZSE:300651: 0.30

Jiangsu Jinling Sports Equipment Co Debt-to-Equity Historical Data

The historical data trend for Jiangsu Jinling Sports Equipment 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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Jiangsu Jinling Sports Equipment Co Debt-to-Equity Chart

Jiangsu Jinling Sports Equipment Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.10

0.14

0.32

0.31

0.30

Jiangsu Jinling Sports Equipment 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															0.31	0.32	0.31	0.30	0.30

Competitive Comparison of Jiangsu Jinling Sports Equipment Co's Debt-to-Equity

For the Leisure subindustry, Jiangsu Jinling Sports Equipment 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.

Jiangsu Jinling Sports Equipment Co's Debt-to-Equity Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Jiangsu Jinling Sports Equipment Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Jiangsu Jinling Sports Equipment Co's Debt-to-Equity falls into.

Jiangsu Jinling Sports Equipment Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Jiangsu Jinling Sports Equipment 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
	=	(7.549	+	238.439)	/	815.055
	=	0.30

Jiangsu Jinling Sports Equipment 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
	=	(5.498	+	239.063)	/	817.886
	=	0.30

Jiangsu Jinling Sports Equipment Co (SZSE:300651) 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.

Jiangsu Jinling Sports Equipment Co Debt-to-Equity Related Terms

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Jiangsu Jinling Sports Equipment Co (SZSE:300651) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Jiangsu Jinling Sports Equipment Co Ltd (SZSE:300651) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

Haifeng Road, Nanfeng Town, Jiangsu Province, Zhangjiagang, CHN, 215600

Website

http://www.jlsports.com

Jiangsu Jinling Sports Equipment Co Ltd is a sports equipment integrated service provider in China. The company is engaged in the development, production, sales and sports events of sports equipment and venue facilities. Its products portfolio includes ball equipment, track and field equipment, and others. It offers equipment for various kinds of sports events, including basketball, athletics, football, and others.

Executives

Li Jian Gang	Directors, executives
Xu Yan	Supervisors
Li Jian Feng	Director
Sun Jun	Directors, Directors, and Executives
Shi Xing Ping	Directors, executives
Li Chun Rong	Directors, executives
Zhao Yu Long	Executives
Shi Yong Hua	Director

Jiangsu Jinling Sports Equipment Co (SZSE:300651) Headlines

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