Wens Foodstuff Group Co (SZSE:300498) Debt-to-Equity : 1.12 (As of Mar. 2024)

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What is Wens Foodstuff Group Co Debt-to-Equity?

Wens Foodstuff Group Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥10,225 Mil. Wens Foodstuff Group Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥25,533 Mil. Wens Foodstuff Group Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥31,933 Mil. Wens Foodstuff Group Co's debt to equity for the quarter that ended in Mar. 2024 was 1.12.

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

SZSE:300498' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.03 Med: 0.25 Max: 1.56
Current: 1.12

During the past 13 years, the highest Debt-to-Equity Ratio of Wens Foodstuff Group Co was 1.56. The lowest was 0.03. And the median was 0.25.

SZSE:300498's Debt-to-Equity is ranked worse than
80.48% of 1639 companies
in the Consumer Packaged Goods industry
Industry Median: 0.4 vs SZSE:300498: 1.12

Wens Foodstuff Group Co Debt-to-Equity Historical Data

The historical data trend for Wens Foodstuff 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.

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Wens Foodstuff Group Co Debt-to-Equity Chart

Wens Foodstuff Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.16

0.57

1.39

0.89

0.99

Wens Foodstuff 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															1.05	1.11	0.97	0.99	1.12

Competitive Comparison of Wens Foodstuff Group Co's Debt-to-Equity

For the Farm Products subindustry, Wens Foodstuff 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.

Wens Foodstuff Group Co's Debt-to-Equity Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Wens Foodstuff Group Co's Debt-to-Equity distribution charts can be found below:

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

Wens Foodstuff Group Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Wens Foodstuff 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
	=	(9010.06	+	23651.424)	/	33060.577
	=	0.99

Wens Foodstuff 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
	=	(10225.495	+	25532.952)	/	31932.819
	=	1.12

Wens Foodstuff Group Co (SZSE:300498) 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.

Wens Foodstuff Group Co Debt-to-Equity Related Terms

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Wens Foodstuff Group Co (SZSE:300498) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Wens Foodstuff Group Co Ltd (SZSE:300498) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 9, Dongdi North Road, Xincheng Town, Xinxing County, Guangdong Province, Yunfu, CHN, 527400

Website

https://www.wens.com.cn

Wens Foodstuff Group Co Ltd operates as a livestock and poultry farming company in China. The company offers fresh meat products and processed products, including chicken, pig, duck, milk, egg, cooked chicken, deep-sea fish, sheep, pigeons, and other products. It also provides raw milk; and finished milk, such as pasteurized milk, fermented milk, sterilized milk, milk-containing beverages, and other various categories of products.

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