Chongqing Hongjiu Fruit Co (HKSE:06689) Debt-to-Equity : 0.38 (As of Jun. 2023)

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What is Chongqing Hongjiu Fruit Co Debt-to-Equity?

Chongqing Hongjiu Fruit Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was HK$3,076 Mil. Chongqing Hongjiu Fruit Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was HK$56 Mil. Chongqing Hongjiu Fruit Co's Total Stockholders Equity for the quarter that ended in Jun. 2023 was HK$8,188 Mil. Chongqing Hongjiu Fruit Co's debt to equity for the quarter that ended in Jun. 2023 was 0.38.

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 Chongqing Hongjiu Fruit Co's Debt-to-Equity or its related term are showing as below:

HKSE:06689' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.21 Med: 0.37 Max: 0.38
Current: 0.38

During the past 4 years, the highest Debt-to-Equity Ratio of Chongqing Hongjiu Fruit Co was 0.38. The lowest was 0.21. And the median was 0.37.

HKSE:06689's Debt-to-Equity is not ranked
in the Retail - Defensive industry.
Industry Median: 0.61 vs HKSE:06689: 0.38

Chongqing Hongjiu Fruit Co Debt-to-Equity Historical Data

The historical data trend for Chongqing Hongjiu Fruit 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.

Chongqing Hongjiu Fruit Co Debt-to-Equity Chart

Chongqing Hongjiu Fruit Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Debt-to-Equity

N/A

0.21

0.37

Chongqing Hongjiu Fruit Co Semi-Annual Data
	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Debt-to-Equity	Get a 7-Day Free Trial			N/A	0.21	0.36	0.37	0.38

Competitive Comparison of Chongqing Hongjiu Fruit Co's Debt-to-Equity

For the Food Distribution subindustry, Chongqing Hongjiu Fruit 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.

Chongqing Hongjiu Fruit Co's Debt-to-Equity Distribution in the Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Chongqing Hongjiu Fruit Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Chongqing Hongjiu Fruit Co's Debt-to-Equity falls into.

Chongqing Hongjiu Fruit Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Chongqing Hongjiu Fruit 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
	=	(2579.161	+	67.387)	/	7116.356
	=	0.37

Chongqing Hongjiu Fruit 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
	=	(3075.617	+	55.574)	/	8187.732
	=	0.38

Chongqing Hongjiu Fruit Co (HKSE:06689) 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.

Chongqing Hongjiu Fruit Co Debt-to-Equity Related Terms

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Chongqing Hongjiu Fruit Co (HKSE:06689) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Chongqing Hongjiu Fruit Co Ltd (HKSE:06689) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 3 Donghu South Road, 22nd Floor, Block B, Zhongtiefenghui, Yubei District, Chongqing, CHN

Website

https://www.hjfruit.com

Chongqing Hongjiu Fruit Co Ltd is a fast-growing and multi-brand fruit company in China with an end-to-end supply chain. It focuses on managing the entire supply chain for quality fruits primarily grown in China, Thailand and Vietnam.

Executives

Jiang Zongying
Su Zhou Jun Yi Gu Quan Tou Zi Zhong Xin You Xian He Huo	2201 Interest of corporation controlled by you
Su Zhou Zhi Lan Gu Quan Tou Zi Zhong Xin You Xian He Huo	2101 Beneficial owner
Hua Ren Wen Hua Er Qi Shang Hai Gu Quan Tou Zi Zhong Xin You Xian He Huo	2201 Interest of corporation controlled by you
Hua Ren Wen Hua Shang Hai Gu Quan Tou Zi Guan Li You Xian Gong Si	2201 Interest of corporation controlled by you
Shang Hai Hua Ren Wen Hua Chan Ye Gu Quan Tou Zi Guan Li Zhong Xin You Xian He Huo	2201 Interest of corporation controlled by you
A Li Ba Ba Zhong Guo Wang Luo Ji Shu You Xian Gong Si
Tao Bao Zhong Guo Ruan Jian You Xian Gong Si
Zhe Jiang Tian Mao Ji Shu You Xian Gong Si
Li Ruigang	2201 Interest of corporation controlled by you
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Deng Hongjiu
Chong Qing Yi Bai Nian Xian Dai Nong Ye Gu Quan Tou Zi Ji Jin He Huo Qi Ye You Xian He Huo

Chongqing Hongjiu Fruit Co (HKSE:06689) Headlines

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