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J-Long Group (J-Long Group) Debt-to-Equity : 0.27 (As of Mar. 2023)


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What is J-Long Group Debt-to-Equity?

J-Long Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2023 was $0.99 Mil. J-Long Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2023 was $2.10 Mil. J-Long Group's Total Stockholders Equity for the quarter that ended in Mar. 2023 was $11.35 Mil. J-Long Group's debt to equity for the quarter that ended in Mar. 2023 was 0.27.

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 J-Long Group's Debt-to-Equity or its related term are showing as below:

JL' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.27   Med: 0.61   Max: 0.68
Current: 0.27

During the past 3 years, the highest Debt-to-Equity Ratio of J-Long Group was 0.68. The lowest was 0.27. And the median was 0.61.

JL's Debt-to-Equity is ranked better than
63.8% of 931 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.44 vs JL: 0.27

J-Long Group Debt-to-Equity Historical Data

The historical data trend for J-Long Group'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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J-Long Group Debt-to-Equity Chart

J-Long Group Annual Data
Trend Mar21 Mar22 Mar23
Debt-to-Equity
0.68 0.61 0.27

J-Long Group Semi-Annual Data
Mar21 Mar22 Mar23
Debt-to-Equity 0.68 0.61 0.27

Competitive Comparison of J-Long Group's Debt-to-Equity

For the Apparel Manufacturing subindustry, J-Long Group'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.

J-Long Group's Debt-to-Equity Distribution in the Manufacturing - Apparel & Accessories Industry

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

* The bar in red indicates where J-Long Group's Debt-to-Equity falls into.


J-Long Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

J-Long Group's Debt to Equity Ratio for the fiscal year that ended in Mar. 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
=(0.993 + 2.103) / 11.348
=0.27

J-Long Group's Debt to Equity Ratio for the quarter that ended in Mar. 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
=(0.993 + 2.103) / 11.348
=0.27

* 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.

J-Long Group  (NAS:JL) 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.

J-Long Group Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of J-Long Group's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

J-Long Group (J-Long Group) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » J-Long Group Ltd (NAS:JL) » Definitions » Debt-to-Equity
Comparable Companies
Traded in Other Exchanges
N/A
Address
32-40 Wang Lung Street, Flat F, 8th Floor, Houston Industrial Building, Tsuen Wan New Territories, Hong Kong, HKG
Website
https://www.j-long.com
J-Long Group Ltd is an established distributor in Hong Kong of reflective and non-reflective garment trims including, among others, heat transfers, fabrics, woven labels and tapes, sewing badges, piping, zipper pullers and drawcords. It also offers a wide range of apparel solution services to cater to its customers' needs for reflective and non-reflective garment trims, ranging from market trend analysis, product design and development and production to quality control.

J-Long Group (J-Long Group) Headlines

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