Cofco Sugar Holding Co (SHSE:600737) Debt-to-Equity : 0.56 (As of Mar. 2024)

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What is Cofco Sugar Holding Co Debt-to-Equity?

Cofco Sugar Holding Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥6,515 Mil. Cofco Sugar Holding Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥35 Mil. Cofco Sugar Holding Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥11,652 Mil. Cofco Sugar Holding Co's debt to equity for the quarter that ended in Mar. 2024 was 0.56.

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 Cofco Sugar Holding Co's Debt-to-Equity or its related term are showing as below:

SHSE:600737' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.32 Med: 0.73 Max: 1.84
Current: 0.56

During the past 13 years, the highest Debt-to-Equity Ratio of Cofco Sugar Holding Co was 1.84. The lowest was 0.32. And the median was 0.73.

SHSE:600737's Debt-to-Equity is ranked worse than
59.6% of 1646 companies
in the Consumer Packaged Goods industry
Industry Median: 0.4 vs SHSE:600737: 0.56

Cofco Sugar Holding Co Debt-to-Equity Historical Data

The historical data trend for Cofco Sugar Holding 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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Cofco Sugar Holding Co Debt-to-Equity Chart

Cofco Sugar Holding Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

0.45

0.33

0.37

0.32

Cofco Sugar Holding 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															0.78	0.46	0.45	0.32	0.56

Competitive Comparison of Cofco Sugar Holding Co's Debt-to-Equity

For the Packaged Foods subindustry, Cofco Sugar Holding 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.

Cofco Sugar Holding Co's Debt-to-Equity Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Cofco Sugar Holding Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Cofco Sugar Holding Co's Debt-to-Equity falls into.

Cofco Sugar Holding Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Cofco Sugar Holding 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
	=	(3703.335	+	54.809)	/	11602.787
	=	0.32

Cofco Sugar Holding 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
	=	(6515.058	+	34.937)	/	11652.301
	=	0.56

Cofco Sugar Holding Co (SHSE:600737) 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.

Cofco Sugar Holding Co Debt-to-Equity Related Terms

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Cofco Sugar Holding Co (SHSE:600737) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Cofco Sugar Holding Co Ltd (SHSE:600737) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

Xinjiang Uygur Autonomous Region, W101, 1st Floor, Building 54, Yutang Village, Daxiqu Town District, Changji Prefecture, Changji, CHN, 830000

Website

http://www.cofcotunhe.com

Cofco Sugar Holding Co Ltd is engaged in sugar business and tomato processing business. The company also takes care of sugar imports, port sugar refining, and sugar storage and logistics. Some of the company's products are raw sugar, white sugar, organic white granulated sugar, refined sugar, brown sugar, molasses, beet ordinary granules, and plus honey granules.

Executives

Li Feng Chun	senior management
Yu Tian Chi	senior management
Yang Hong	senior management

Cofco Sugar Holding Co (SHSE:600737) Headlines

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