Anhui Gujing Distillery Co (SZSE:000596) Debt-to-Equity : 0.01 (As of Sep. 2023)

View and export this data going back to 1996. Start your Free Trial

What is Anhui Gujing Distillery Co Debt-to-Equity?

Anhui Gujing Distillery Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ¥29 Mil. Anhui Gujing Distillery Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ¥185 Mil. Anhui Gujing Distillery Co's Total Stockholders Equity for the quarter that ended in Sep. 2023 was ¥20,740 Mil. Anhui Gujing Distillery Co'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 Anhui Gujing Distillery Co's Debt-to-Equity or its related term are showing as below:

SZSE:000596' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.01 Max: 0.03
Current: 0.01

During the past 13 years, the highest Debt-to-Equity Ratio of Anhui Gujing Distillery Co was 0.03. The lowest was 0.01. And the median was 0.01.

SZSE:000596's Debt-to-Equity is ranked better than
99.45% of 182 companies
in the Beverages - Alcoholic industry
Industry Median: 0.385 vs SZSE:000596: 0.01

Anhui Gujing Distillery Co Debt-to-Equity Historical Data

The historical data trend for Anhui Gujing Distillery 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.

Anhui Gujing Distillery Co Debt-to-Equity Chart

Anhui Gujing Distillery Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Debt-to-Equity

Get a 7-Day Free Trial

0.02

0.01

Anhui Gujing Distillery 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															0.01	0.01	0.01	0.01	0.01

Competitive Comparison of Anhui Gujing Distillery Co's Debt-to-Equity

For the Beverages - Wineries & Distilleries subindustry, Anhui Gujing Distillery 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.

Anhui Gujing Distillery Co's Debt-to-Equity Distribution in the Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, Anhui Gujing Distillery Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Anhui Gujing Distillery Co's Debt-to-Equity falls into.

Anhui Gujing Distillery Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Anhui Gujing Distillery 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
	=	(125.47	+	63.576)	/	18520.758
	=	0.01

Anhui Gujing Distillery 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
	=	(29.209	+	185.315)	/	20739.863
	=	0.01

Anhui Gujing Distillery Co (SZSE:000596) 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.

Anhui Gujing Distillery Co Debt-to-Equity Related Terms

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

Anhui Gujing Distillery Co (SZSE:000596) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Anhui Gujing Distillery Co Ltd (SZSE:000596) » Definitions » Debt-to-Equity

Traded in Other Exchanges

200596:China

Address

Gujing Town, Anhui Province, Bozhou, CHN, 236820

Website

http://www.gujing.com

Anhui Gujing is one of the eight most famous baijiu brands in China and the largest baijiu distiller in Anhui province by sales in 2022. The company produces rich-flavored baijiu, with a colorful brand story tracing back 1,800 years to the Three Kingdoms period. Gujing is one of the leading players in the midrange to high-end market and enjoys high retail prices and profit margins, with its flagship Gujing Year Puree series contributing 70%-75% of total sales. The State-Owned Assets Supervision and Administration Commission of Bozhou controls 28% of Gujing.

Anhui Gujing Distillery Co (SZSE:000596) Headlines

No Headlines