Chongqing Taiji Industry (Group) Co (SHSE:600129) Debt-to-Equity : 1.08 (As of Mar. 2024)

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What is Chongqing Taiji Industry (Group) Co Debt-to-Equity?

Chongqing Taiji Industry (Group) Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥3,815 Mil. Chongqing Taiji Industry (Group) Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥381 Mil. Chongqing Taiji Industry (Group) Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥3,869 Mil. Chongqing Taiji Industry (Group) Co's debt to equity for the quarter that ended in Mar. 2024 was 1.08.

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 Chongqing Taiji Industry (Group) Co's Debt-to-Equity or its related term are showing as below:

SHSE:600129' s Debt-to-Equity Range Over the Past 10 Years
Min: 1.08 Med: 1.65 Max: 4.12
Current: 1.08

During the past 13 years, the highest Debt-to-Equity Ratio of Chongqing Taiji Industry (Group) Co was 4.12. The lowest was 1.08. And the median was 1.65.

SHSE:600129's Debt-to-Equity is ranked worse than
86.05% of 846 companies
in the Drug Manufacturers industry
Industry Median: 0.3 vs SHSE:600129: 1.08

Chongqing Taiji Industry (Group) Co Debt-to-Equity Historical Data

The historical data trend for Chongqing Taiji Industry (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.

* Premium members only.

Chongqing Taiji Industry (Group) Co Debt-to-Equity Chart

Chongqing Taiji Industry (Group) Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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1.46

1.69

1.74

1.48

1.17

Chongqing Taiji Industry (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															1.33	1.18	1.12	1.17	1.08

Competitive Comparison of Chongqing Taiji Industry (Group) Co's Debt-to-Equity

For the Drug Manufacturers - Specialty & Generic subindustry, Chongqing Taiji Industry (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.

Chongqing Taiji Industry (Group) Co's Debt-to-Equity Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Chongqing Taiji Industry (Group) Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Chongqing Taiji Industry (Group) Co's Debt-to-Equity falls into.

Chongqing Taiji Industry (Group) Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Chongqing Taiji Industry (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
	=	(3780.929	+	443.974)	/	3622.185
	=	1.17

Chongqing Taiji Industry (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
	=	(3815.357	+	380.584)	/	3869.35
	=	1.08

Chongqing Taiji Industry (Group) Co (SHSE:600129) 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.

Chongqing Taiji Industry (Group) Co Debt-to-Equity Related Terms

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Chongqing Taiji Industry (Group) Co (SHSE:600129) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Chongqing Taiji Industry (Group) Co Ltd (SHSE:600129) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

No. 1 Taiji Avenue, Fuling District, Chongqing, Chongqing, CHN, 408000

Website

http://www.taiji.com

Chongqing Taiji Industry Group is a China-based company engaged in the production and sales of Chinese and Western medicines. It is also engaged in the cultivation of medicinal herbs. Its products mainly include capsules, syrup, oral liquid, lyophilized series, tablets, infusion series, and injections. The company mainly conducts its business in domestic and overseas markets.

Executives

Zhu Ming Xi	Director
Xu Wei Guo	Supervisors

Chongqing Taiji Industry (Group) Co (SHSE:600129) Headlines

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