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Zhengwei Group Holdings Co (HKSE:02147) Debt-to-Equity : 0.04 (As of Dec. 2023)


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What is Zhengwei Group Holdings Co Debt-to-Equity?

Zhengwei Group Holdings Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$20.0 Mil. Zhengwei Group Holdings Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$0.0 Mil. Zhengwei Group Holdings Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was HK$477.9 Mil. Zhengwei Group Holdings Co's debt to equity for the quarter that ended in Dec. 2023 was 0.04.

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

HKSE:02147' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.04   Med: 0.43   Max: 0.98
Current: 0.04

During the past 5 years, the highest Debt-to-Equity Ratio of Zhengwei Group Holdings Co was 0.98. The lowest was 0.04. And the median was 0.43.

HKSE:02147's Debt-to-Equity is ranked better than
90.85% of 1640 companies
in the Consumer Packaged Goods industry
Industry Median: 0.41 vs HKSE:02147: 0.04

Zhengwei Group Holdings Co Debt-to-Equity Historical Data

The historical data trend for Zhengwei Group Holdings 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.

Zhengwei Group Holdings Co Debt-to-Equity Chart

Zhengwei Group Holdings Co Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-Equity
0.98 0.74 0.43 0.18 0.04

Zhengwei Group Holdings Co Semi-Annual Data
Dec19 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Debt-to-Equity Get a 7-Day Free Trial 0.43 0.25 0.18 0.10 0.04

Competitive Comparison of Zhengwei Group Holdings Co's Debt-to-Equity

For the Packaged Foods subindustry, Zhengwei Group Holdings 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.

Zhengwei Group Holdings Co's Debt-to-Equity Distribution in the Consumer Packaged Goods Industry

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

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


Zhengwei Group Holdings Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Zhengwei Group Holdings 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
=(19.998 + 0) / 477.91
=0.04

Zhengwei Group Holdings 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
=(19.998 + 0) / 477.91
=0.04

* 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.

Zhengwei Group Holdings Co  (HKSE:02147) 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.

Zhengwei Group Holdings Co Debt-to-Equity Related Terms

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Zhengwei Group Holdings Co (HKSE:02147) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Zhengwei Group Holdings Co Ltd (HKSE:02147) » Definitions » Debt-to-Equity
Comparable Companies
HKSE:00411 HKSE:01837 HKSE:00829 HKSE:03838 HKSE:02317 HKSE:01583 HKSE:03999 HKSE:00809 HKSE:01285 HKSE:00926 XSWX:NESN KHC XPAR:BN GIS SHSE:603288 NSE:NESTLEIND SZSE:300999 SHSE:600887 TSE:2802 LSE:ABF
Traded in Other Exchanges
N/A
Address
487 Yuhu Road, Xiaolan Economic Development Zone, Nanchang, CHN
Website
https://www.zhengwei100.com
Zhengwei Group Holdings Co Ltd produces dry food and snacks, and secondarily trades related products. It produces and sells a variety of snacks (including ready-to-eat vegetarian snacks and meat snacks), such as crispy bamboo shoots and roast necks; and packaged dry goods such as mushrooms, dried aquatic products, seaweed, grains, and seasonings in China. The majority of revenue is derived from the Snacks segment. It has two operating segments Manufacturing & trading, out of which the majority is from the manufacturing segment. Geographically, the majority is from PRC.
Executives
Lin Qiu Yun 2101 Beneficial owner
Yang Shengyao 2201 Interest of corporation controlled by you
Shengyao Investment Group Limited 2101 Beneficial owner
Nan Chang Xian Wen Hua Lv You Tou Zi You Xian Gong Si 2101 Beneficial owner
Nan Chang Xian Ke Ji He Gong Ye Xun Xi Hua Ju 2201 Interest of corporation controlled by you
Lin Qiuyun 2201 Interest of corporation controlled by you
Trendy Peak International Limited 2101 Beneficial owner
Prosperous Season Group Limited 2101 Beneficial owner
Best Talent Venture Holdings Limited 2101 Beneficial owner
Chang Nan Financial Control Limited 2101 Beneficial owner
Pluto Universal Holdings Limited 2101 Beneficial owner
Lei Junfeng 2201 Interest of corporation controlled by you
Li Hui 2201 Interest of corporation controlled by you
Nan Chang Shi Tong Li Qi Ye Guan Li Zhong Xin You Xian He Huo 2201 Interest of corporation controlled by you
Nan Chang Xian Chang Nan Jin Kong Ji Jin Guan Li You Xian Gong Si 2201 Interest of corporation controlled by you

Zhengwei Group Holdings Co (HKSE:02147) Headlines

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