Tibet Duo Rui Pharmaceutical Co (SZSE:301075) Debt-to-Equity : 0.30 (As of Jun. 2024)

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What is Tibet Duo Rui Pharmaceutical Co Debt-to-Equity?

Tibet Duo Rui Pharmaceutical Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was ¥28.6 Mil. Tibet Duo Rui Pharmaceutical Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was ¥190.3 Mil. Tibet Duo Rui Pharmaceutical Co's Total Stockholders Equity for the quarter that ended in Jun. 2024 was ¥737.8 Mil. Tibet Duo Rui Pharmaceutical Co's debt to equity for the quarter that ended in Jun. 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 Tibet Duo Rui Pharmaceutical Co's Debt-to-Equity or its related term are showing as below:

SZSE:301075' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.03 Med: 0.18 Max: 0.37
Current: 0.3

During the past 7 years, the highest Debt-to-Equity Ratio of Tibet Duo Rui Pharmaceutical Co was 0.37. The lowest was 0.03. And the median was 0.18.

SZSE:301075's Debt-to-Equity is ranked better than
50.36% of 838 companies
in the Drug Manufacturers industry
Industry Median: 0.3 vs SZSE:301075: 0.30

Tibet Duo Rui Pharmaceutical Co Debt-to-Equity Historical Data

The historical data trend for Tibet Duo Rui Pharmaceutical 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.

Tibet Duo Rui Pharmaceutical Co Debt-to-Equity Chart

Tibet Duo Rui Pharmaceutical Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.23

0.15

0.03

0.14

0.23

Tibet Duo Rui Pharmaceutical Co Quarterly Data
	Dec18	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Debt-to-Equity	Get a 7-Day Free Trial															0.21	0.23	0.23	0.37	0.30

Competitive Comparison of Tibet Duo Rui Pharmaceutical Co's Debt-to-Equity

For the Drug Manufacturers - Specialty & Generic subindustry, Tibet Duo Rui Pharmaceutical 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.

Tibet Duo Rui Pharmaceutical Co's Debt-to-Equity Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Tibet Duo Rui Pharmaceutical Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Tibet Duo Rui Pharmaceutical Co's Debt-to-Equity falls into.

Tibet Duo Rui Pharmaceutical Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Tibet Duo Rui Pharmaceutical 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
	=	(61.733	+	118.386)	/	772.065
	=	0.23

Tibet Duo Rui Pharmaceutical Co's Debt to Equity Ratio for the quarter that ended in Jun. 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
	=	(28.623	+	190.302)	/	737.796
	=	0.30

Tibet Duo Rui Pharmaceutical Co (SZSE:301075) 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.

Tibet Duo Rui Pharmaceutical Co Debt-to-Equity Related Terms

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Tibet Duo Rui Pharmaceutical Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Tibet Duo Rui Pharmaceutical Co Ltd (SZSE:301075) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

Biomedical Park, Area A, 3rd Floor, Building 1, Changdu Economic Development Zone, Tibet Autonomous Region, Tibet, CHN, 854000

Website

http://www.duoruiyy.com

Duo Rui Pharmaceutical Co Ltd is engaged in the research and development, production and sales of chemical pharmaceutical preparations and their raw materials.

Tibet Duo Rui Pharmaceutical Co Headlines

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