Jason Furniture (Hangzhou) Co (SHSE:603816) Debt-to-Equity : 0.37 (As of Sep. 2023)

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What is Jason Furniture (Hangzhou) Co Debt-to-Equity?

Jason Furniture (Hangzhou) Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ¥3,255 Mil. Jason Furniture (Hangzhou) Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ¥210 Mil. Jason Furniture (Hangzhou) Co's Total Stockholders Equity for the quarter that ended in Sep. 2023 was ¥9,372 Mil. Jason Furniture (Hangzhou) Co's debt to equity for the quarter that ended in Sep. 2023 was 0.37.

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 Jason Furniture (Hangzhou) Co's Debt-to-Equity or its related term are showing as below:

SHSE:603816' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.23 Max: 0.53
Current: 0.37

During the past 12 years, the highest Debt-to-Equity Ratio of Jason Furniture (Hangzhou) Co was 0.53. The lowest was 0.01. And the median was 0.23.

SHSE:603816's Debt-to-Equity is ranked worse than
51.7% of 383 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 0.35 vs SHSE:603816: 0.37

Jason Furniture (Hangzhou) Co Debt-to-Equity Historical Data

The historical data trend for Jason Furniture (Hangzhou) 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.

Jason Furniture (Hangzhou) Co Debt-to-Equity Chart

Jason Furniture (Hangzhou) Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Debt-to-Equity

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0.43

0.33

0.14

0.19

0.22

Jason Furniture (Hangzhou) Co Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial															0.23	0.22	0.26	0.29	0.37

Competitive Comparison of Jason Furniture (Hangzhou) Co's Debt-to-Equity

For the Furnishings, Fixtures & Appliances subindustry, Jason Furniture (Hangzhou) 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.

Jason Furniture (Hangzhou) Co's Debt-to-Equity Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Jason Furniture (Hangzhou) Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Jason Furniture (Hangzhou) Co's Debt-to-Equity falls into.

Jason Furniture (Hangzhou) Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Jason Furniture (Hangzhou) Co's Debt to Equity Ratio for the fiscal year that ended in Dec. 2022 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
	=	(1651.755	+	288.565)	/	8881.357
	=	0.22

Jason Furniture (Hangzhou) Co'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
	=	(3254.662	+	210.403)	/	9372.033
	=	0.37

Jason Furniture (Hangzhou) Co (SHSE:603816) 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.

Jason Furniture (Hangzhou) Co Debt-to-Equity Related Terms

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Jason Furniture (Hangzhou) Co (SHSE:603816) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Jason Furniture (Hangzhou) Co Ltd (SHSE:603816) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.599-1, Dongning Road, Gujia Building, Jianggan District, Hangzhou, CHN

Website

http://www.kukahome.com

Jason Furniture (Hangzhou) Co Ltd is a China-based company engaged in the home furnishing industry. The group researches, develops, produces and sales home appliances in the living room and bedroom. The product offered by the group includes leather Sofas, Recliner Chairs, Fabric Sofas, Beds, Mattresses, Dining Chairs, Barstools, and others. Geographically, it operates through china however its products are sold in both Chinese and international market.

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