Nongfu Spring Co (HKSE:09633) Debt-to-Equity : 0.11 (As of Dec. 2023)

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What is Nongfu Spring Co Debt-to-Equity?

Nongfu Spring Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$3,477 Mil. Nongfu Spring Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$34 Mil. Nongfu Spring Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was HK$31,250 Mil. Nongfu Spring Co's debt to equity for the quarter that ended in Dec. 2023 was 0.11.

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 Nongfu Spring Co's Debt-to-Equity or its related term are showing as below:

HKSE:09633' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.11 Max: 0.16
Current: 0.11

During the past 7 years, the highest Debt-to-Equity Ratio of Nongfu Spring Co was 0.16. The lowest was 0.00. And the median was 0.11.

HKSE:09633's Debt-to-Equity is ranked better than
70.65% of 92 companies
in the Beverages - Non-Alcoholic industry
Industry Median: 0.31 vs HKSE:09633: 0.11

Nongfu Spring Co Debt-to-Equity Historical Data

The historical data trend for Nongfu Spring 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.

Nongfu Spring Co Debt-to-Equity Chart

Nongfu Spring Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.11

0.16

0.13

0.11

Nongfu Spring Co Semi-Annual Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial							0.13	0.15	0.11	0.18	0.11

Competitive Comparison of Nongfu Spring Co's Debt-to-Equity

For the Beverages - Non-Alcoholic subindustry, Nongfu Spring 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.

Nongfu Spring Co's Debt-to-Equity Distribution in the Beverages - Non-Alcoholic Industry

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

* The bar in red indicates where Nongfu Spring Co's Debt-to-Equity falls into.

Nongfu Spring Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Nongfu Spring 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
	=	(3476.739	+	34.181)	/	31250.253
	=	0.11

Nongfu Spring 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
	=	(3476.739	+	34.181)	/	31250.253
	=	0.11

Nongfu Spring Co (HKSE:09633) 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.

Nongfu Spring Co Debt-to-Equity Related Terms

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Nongfu Spring Co (HKSE:09633) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Non-Alcoholic » Nongfu Spring Co Ltd (HKSE:09633) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

NNFSF:USA 7NF:Germany

Address

No. 181, Geyazhuang, Xihu District, Hangzhou, CHN, 310024

Website

https://www.nongfuspring.com

Founded in 1996, Nongfu Spring is a leading manufacturer of bottled water, ready-to-drink tea, juice and functional beverages in China. It holds the number-one share in the bottled water market; this segment contributed approximately 55% of the firm's revenue and EBIT in 2022.

Nongfu Spring Co (HKSE:09633) Headlines

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