China Jushi Co (SHSE:600176) Debt-to-Equity : 0.48 (As of Mar. 2024)

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What is China Jushi Co Debt-to-Equity?

China Jushi Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥8,775 Mil. China Jushi Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥5,047 Mil. China Jushi Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥28,995 Mil. China Jushi Co's debt to equity for the quarter that ended in Mar. 2024 was 0.48.

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

SHSE:600176' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.44 Med: 0.78 Max: 3.57
Current: 0.48

During the past 13 years, the highest Debt-to-Equity Ratio of China Jushi Co was 3.57. The lowest was 0.44. And the median was 0.78.

SHSE:600176's Debt-to-Equity is ranked worse than
57.34% of 354 companies
in the Building Materials industry
Industry Median: 0.39 vs SHSE:600176: 0.48

China Jushi Co Debt-to-Equity Historical Data

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

China Jushi Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.79

0.64

0.53

0.44

0.49

China Jushi 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															0.47	0.47	0.51	0.49	0.48

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

For the Building Materials subindustry, China Jushi 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 Jushi Co's Debt-to-Equity Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, China Jushi Co's Debt-to-Equity distribution charts can be found below:

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

China Jushi Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

China Jushi 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
	=	(7949.206	+	6054.337)	/	28642.002
	=	0.49

China Jushi 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
	=	(8774.849	+	5047.481)	/	28995.005
	=	0.48

China Jushi Co (SHSE:600176) 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 Jushi Co Debt-to-Equity Related Terms

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

China Jushi Co (SHSE:600176) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » China Jushi Co Ltd (SHSE:600176) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

No. 669 South China Wen Road, Tongxiang Economic Development Zone, Zhejiang Province, Tongxiang, CHN, 314500

Website

http://www.jushi.com

China Jushi Co Ltd is a manufacturer of glass fiber and related products. It is also engaged in the development and operation of the commercial real estate, residential chain management, and logistics businesses. The company has a range of reinforcement fiberglass products and specifications, mainly including E-glass and C-glass rovings, chopped strands, powder and emulsion chopped strand mats, and woven rovings. In addition, the company also provides testing services for testing glass, mineral raw materials, fiberglass and its articles, fiberglass reinforced composites, chemical raw materials, sewage, waste gas and packaging materials.

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