Weiqiao Textile Co (Weiqiao Textile Co) Debt-to-Equity : 0.29 (As of Jun. 2023)

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What is Weiqiao Textile Co Debt-to-Equity?

Weiqiao Textile Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was $617 Mil. Weiqiao Textile Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was $66 Mil. Weiqiao Textile Co's Total Stockholders Equity for the quarter that ended in Jun. 2023 was $2,347 Mil. Weiqiao Textile Co's debt to equity for the quarter that ended in Jun. 2023 was 0.29.

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 Weiqiao Textile Co's Debt-to-Equity or its related term are showing as below:

WQTEF' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.12 Med: 0.34 Max: 0.65
Current: 0.29

During the past 13 years, the highest Debt-to-Equity Ratio of Weiqiao Textile Co was 0.65. The lowest was 0.12. And the median was 0.34.

WQTEF's Debt-to-Equity is not ranked
in the Manufacturing - Apparel & Accessories industry.
Industry Median: 0.44 vs WQTEF: 0.29

Weiqiao Textile Co Debt-to-Equity Historical Data

The historical data trend for Weiqiao Textile 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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Weiqiao Textile Co Debt-to-Equity Chart

Weiqiao Textile Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Debt-to-Equity

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0.16

0.12

0.13

0.15

0.28

Weiqiao Textile Co Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Debt-to-Equity	Get a 7-Day Free Trial															0.13	0.15	0.15	0.28	0.29

Competitive Comparison of Weiqiao Textile Co's Debt-to-Equity

For the Textile Manufacturing subindustry, Weiqiao Textile 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.

Weiqiao Textile Co's Debt-to-Equity Distribution in the Manufacturing - Apparel & Accessories Industry

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

* The bar in red indicates where Weiqiao Textile Co's Debt-to-Equity falls into.

Weiqiao Textile Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Weiqiao Textile Co's Debt to Equity Ratio for the fiscal year that ended in Dec. 2022 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
	=	(634.867	+	60.582)	/	2483.187
	=	0.28

Weiqiao Textile Co's Debt to Equity Ratio for the quarter that ended in Jun. 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
	=	(617.28	+	66.211)	/	2346.986
	=	0.29

Weiqiao Textile Co (OTCPK:WQTEF) 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.

Weiqiao Textile Co Debt-to-Equity Related Terms

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Weiqiao Textile Co (Weiqiao Textile Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Weiqiao Textile Co Ltd (OTCPK:WQTEF) » Definitions » Debt-to-Equity

Traded in Other Exchanges

02698:Hong Kong WEZ:Germany

Address

No. 1, Wei Fang Road, Zouping Economic Development Zone, Zouping City, Shandong Province, Binzhou, CHN, 256200

Website

http://www.wqfz.com

Weiqiao Textile Co Ltd produces, sells, and distributes textiles including cotton yarn, grey fabric, and denim. Its geographical segment includes Mainland China, Southeast Asia, Hong Kong, South Asia, East Asia, and Other regions. The majority of the company's revenue is generated from Mainland China. It operates in two segments. The textile products segment produces and sells cotton yarn, grey fabric, and denim. The electricity and steam segment generates electricity and steam for internal use in the production of textile products and also for sale to external customers.

Weiqiao Textile Co (Weiqiao Textile Co) Headlines

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