China Film Co (SHSE:600977) Debt-to-Equity : 0.12 (As of Mar. 2024)

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What is China Film Co Debt-to-Equity?

China Film Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥137 Mil. China Film Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥1,193 Mil. China Film Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥11,189 Mil. China Film Co's debt to equity for the quarter that ended in Mar. 2024 was 0.12.

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

SHSE:600977' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.02 Max: 0.21
Current: 0.12

During the past 13 years, the highest Debt-to-Equity Ratio of China Film Co was 0.21. The lowest was 0.00. And the median was 0.02.

SHSE:600977's Debt-to-Equity is ranked better than
68.95% of 831 companies
in the Media - Diversified industry
Industry Median: 0.29 vs SHSE:600977: 0.12

China Film Co Debt-to-Equity Historical Data

The historical data trend for China Film 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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China Film Co Debt-to-Equity Chart

China Film Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.21

0.19

0.15

0.12

China Film 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															0.14	0.14	0.13	0.12	0.12

Competitive Comparison of China Film Co's Debt-to-Equity

For the Entertainment subindustry, China Film 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.

China Film Co's Debt-to-Equity Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, China Film Co's Debt-to-Equity distribution charts can be found below:

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

China Film Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

China Film 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
	=	(140.025	+	1231.843)	/	11092.291
	=	0.12

China Film 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
	=	(137.168	+	1192.668)	/	11188.607
	=	0.12

China Film Co (SHSE:600977) 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.

China Film Co Debt-to-Equity Related Terms

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

China Film Co (SHSE:600977) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » China Film Co Ltd (SHSE:600977) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 7 Beizhan North Street, Block E, Huayuan Enterprise, Xicheng District, Beijing, CHN

Website

http://www.chinafilm.com

China Film Co Ltd is a China-based company engaged in the production and distribution of films. It is also involved in the production of television programs, operating and managing theatres, and providing film screening, marketing, and brokerage services. The company's production areas include two-dimensional animation, three-dimensional animation, three-dimensional animation, grid-by-frame animation and other mainstream animation production at home and abroad. The production of the animation includes dolls, clay dolls, paper-cutting, sand and other forms, and further in-depth development of production equipment and processes overseas.

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