Qilian International Holding Group (Qilian International Holding Group) Debt-to-Equity : 0.01 (As of Sep. 2023)

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What is Qilian International Holding Group Debt-to-Equity?

Qilian International Holding Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $0.55 Mil. Qilian International Holding Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $0.03 Mil. Qilian International Holding Group's Total Stockholders Equity for the quarter that ended in Sep. 2023 was $42.79 Mil. Qilian International Holding Group's debt to equity for the quarter that ended in Sep. 2023 was 0.01.

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 Qilian International Holding Group's Debt-to-Equity or its related term are showing as below:

QLI' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.25 Max: 0.62
Current: 0.01

During the past 7 years, the highest Debt-to-Equity Ratio of Qilian International Holding Group was 0.62. The lowest was 0.01. And the median was 0.25.

QLI's Debt-to-Equity is ranked better than
99.88% of 856 companies
in the Drug Manufacturers industry
Industry Median: 0.29 vs QLI: 0.01

Qilian International Holding Group Debt-to-Equity Historical Data

The historical data trend for Qilian International Holding 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.

* Premium members only.

Qilian International Holding Group Debt-to-Equity Chart

Qilian International Holding Group Annual Data

Trend

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Debt-to-Equity

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0.25

0.29

0.15

0.03

0.01

Qilian International Holding Group Semi-Annual Data
	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial								0.15	0.23	0.03	0.01	0.01

Competitive Comparison of Qilian International Holding Group's Debt-to-Equity

For the Drug Manufacturers - Specialty & Generic subindustry, Qilian International Holding 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.

Qilian International Holding Group's Debt-to-Equity Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Qilian International Holding Group's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Qilian International Holding Group's Debt-to-Equity falls into.

Qilian International Holding Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Qilian International Holding Group's Debt to Equity Ratio for the fiscal year that ended in Sep. 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
	=	(0.553	+	0.025)	/	42.792
	=	0.01

Qilian International Holding Group's Debt to Equity Ratio for the quarter that ended in Sep. 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
	=	(0.553	+	0.025)	/	42.792
	=	0.01

Qilian International Holding Group (NAS:QLI) 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.

Qilian International Holding Group Debt-to-Equity Related Terms

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Qilian International Holding Group (Qilian International Holding Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Qilian International Holding Group Ltd (NAS:QLI) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jiuquan Economic and Technological Development Zone, Gansu Province, Jiuquan, CHN, 735000

Website

http://ir.qlsyy.net

Qilian International Holding Group Ltd is a pharmaceutical and chemical company. The company is engaged in the development, manufacture, marketing, and sale of licorice products, oxytetracycline products, traditional Chinese medicine derivatives products, heparin products, sausage casings, and fertilizers. It operates through three segments namely, Oxytetracycline and Licorice products and TCMD; Fertilizer; and Heparin products and Sausage casing. Oxytetracycline and Licorice products and TCMD segment generates majority of the revenue.