China Meheco Group Co (SHSE:600056) Debt-to-Equity : 0.49 (As of Mar. 2024)

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What is China Meheco Group Co Debt-to-Equity?

China Meheco Group Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥3,569 Mil. China Meheco Group Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥2,208 Mil. China Meheco Group Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥11,708 Mil. China Meheco Group Co's debt to equity for the quarter that ended in Mar. 2024 was 0.49.

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

SHSE:600056' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.08 Med: 0.24 Max: 0.62
Current: 0.49

During the past 13 years, the highest Debt-to-Equity Ratio of China Meheco Group Co was 0.62. The lowest was 0.08. And the median was 0.24.

SHSE:600056's Debt-to-Equity is ranked worse than
59.04% of 83 companies
in the Medical Distribution industry
Industry Median: 0.29 vs SHSE:600056: 0.49

China Meheco Group Co Debt-to-Equity Historical Data

The historical data trend for China Meheco Group 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.

China Meheco Group Co Debt-to-Equity Chart

China Meheco Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.44

0.47

0.46

0.50

0.49

China Meheco Group 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															0.51	0.54	0.49	0.49	0.49

Competitive Comparison of China Meheco Group Co's Debt-to-Equity

For the Medical Distribution subindustry, China Meheco Group 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 Meheco Group Co's Debt-to-Equity Distribution in the Medical Distribution Industry

For the Medical Distribution industry and Healthcare sector, China Meheco Group Co's Debt-to-Equity distribution charts can be found below:

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

China Meheco Group Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

China Meheco Group 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
	=	(2852.019	+	2768.404)	/	11560.548
	=	0.49

China Meheco Group 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
	=	(3569.13	+	2207.868)	/	11707.51
	=	0.49

China Meheco Group Co (SHSE:600056) 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 Meheco Group Co Debt-to-Equity Related Terms

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China Meheco Group Co (SHSE:600056) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Distribution » China Meheco Group Co Ltd (SHSE:600056) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 18 Guangming Zhongjie, Dongcheng District, Beijing, CHN, 100061

Website

http://www.meheco.com

China Meheco Group Co Ltd is engaged in the distribution and trading of botanical medicines, medical instruments, and pharmaceuticals. It offers botanic medicines and herbal products, as well as exports of natural medicines, including herbs, spices, plant extracts, bee products, Chinese traditional medicines. The company's business scope covers the whole industry chain, from research and development, cultivation and processing, manufacturing, distribution, logistics to international trading, academic promotion and technical service. The corporation provides trading services for customers in the pharmaceutical and chemical field, covering APIs, preparations, biologicals, blood products and others.

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