Shanghai Chicmax Cosmetic Co (HKSE:02145) Debt-to-Equity : 0.08 (As of Dec. 2023)

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What is Shanghai Chicmax Cosmetic Co Debt-to-Equity?

Shanghai Chicmax Cosmetic Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$142 Mil. Shanghai Chicmax Cosmetic Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$39 Mil. Shanghai Chicmax Cosmetic Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was HK$2,197 Mil. Shanghai Chicmax Cosmetic Co's debt to equity for the quarter that ended in Dec. 2023 was 0.08.

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

HKSE:02145' s Debt-to-Equity Range Over the Past 10 Years
Min: -3.46 Med: 0.3 Max: 0.94
Current: 0.08

During the past 5 years, the highest Debt-to-Equity Ratio of Shanghai Chicmax Cosmetic Co was 0.94. The lowest was -3.46. And the median was 0.30.

HKSE:02145's Debt-to-Equity is ranked better than
83.77% of 1645 companies
in the Consumer Packaged Goods industry
Industry Median: 0.41 vs HKSE:02145: 0.08

Shanghai Chicmax Cosmetic Co Debt-to-Equity Historical Data

The historical data trend for Shanghai Chicmax Cosmetic 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.

Shanghai Chicmax Cosmetic Co Debt-to-Equity Chart

Shanghai Chicmax Cosmetic Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

-3.46

0.94

0.30

0.43

0.08

Shanghai Chicmax Cosmetic Co Semi-Annual Data
	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial			0.30	0.55	0.43	0.19	0.08

Competitive Comparison of Shanghai Chicmax Cosmetic Co's Debt-to-Equity

For the Household & Personal Products subindustry, Shanghai Chicmax Cosmetic 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.

Shanghai Chicmax Cosmetic Co's Debt-to-Equity Distribution in the Consumer Packaged Goods Industry

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

* The bar in red indicates where Shanghai Chicmax Cosmetic Co's Debt-to-Equity falls into.

Shanghai Chicmax Cosmetic Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Shanghai Chicmax Cosmetic 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
	=	(141.941	+	39.161)	/	2197.441
	=	0.08

Shanghai Chicmax Cosmetic Co's Debt to Equity Ratio for the quarter 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
	=	(141.941	+	39.161)	/	2197.441
	=	0.08

Shanghai Chicmax Cosmetic Co (HKSE:02145) 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.

Shanghai Chicmax Cosmetic Co Debt-to-Equity Related Terms

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Shanghai Chicmax Cosmetic Co (HKSE:02145) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Shanghai Chicmax Cosmetic Co Ltd (HKSE:02145) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 3300 Zhongshan North Road, 25 Floor, Building B, Putuo District, Shanghai, CHN

Website

http://www.chicmaxgroup.com

Shanghai Chicmax Cosmetic Co Ltd is a China-based multi-brand cosmetics company mainly engaged in the research, development, production, and sales of skincare and maternity and childcare products. It offers a wide range of cosmetics products under various brands, primarily including KANS, One Leaf, and Baby Elephant. The company's products include skin care products, maternal and childcare products, toiletries, and others. The company also operates brands such as BIO-G, KYOCA, ARMIYO, TAZU, and others.

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