Chinese Universe Publishing And Media Co (SHSE:600373) Debt-to-Equity : 0.20 (As of Mar. 2024)

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What is Chinese Universe Publishing And Media Co Debt-to-Equity?

Chinese Universe Publishing And Media Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥3,690 Mil. Chinese Universe Publishing And Media Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥106 Mil. Chinese Universe Publishing And Media Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥18,702 Mil. Chinese Universe Publishing And Media Co's debt to equity for the quarter that ended in Mar. 2024 was 0.20.

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 Chinese Universe Publishing And Media Co's Debt-to-Equity or its related term are showing as below:

SHSE:600373' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.07 Med: 0.15 Max: 0.26
Current: 0.2

During the past 13 years, the highest Debt-to-Equity Ratio of Chinese Universe Publishing And Media Co was 0.26. The lowest was 0.07. And the median was 0.15.

SHSE:600373's Debt-to-Equity is ranked better than
57.55% of 848 companies
in the Media - Diversified industry
Industry Median: 0.28 vs SHSE:600373: 0.20

Chinese Universe Publishing And Media Co Debt-to-Equity Historical Data

The historical data trend for Chinese Universe Publishing And Media 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.

Chinese Universe Publishing And Media Co Debt-to-Equity Chart

Chinese Universe Publishing And Media Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.14

0.12

0.21

Chinese Universe Publishing And Media 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															0.21	0.26	0.21	0.21	0.20

Competitive Comparison of Chinese Universe Publishing And Media Co's Debt-to-Equity

For the Publishing subindustry, Chinese Universe Publishing And Media 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.

Chinese Universe Publishing And Media Co's Debt-to-Equity Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Chinese Universe Publishing And Media Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Chinese Universe Publishing And Media Co's Debt-to-Equity falls into.

Chinese Universe Publishing And Media Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Chinese Universe Publishing And Media 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
	=	(2686.41	+	1112.689)	/	18435.898
	=	0.21

Chinese Universe Publishing And Media 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
	=	(3689.526	+	106.14)	/	18702.272
	=	0.20

Chinese Universe Publishing And Media Co (SHSE:600373) 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.

Chinese Universe Publishing And Media Co Debt-to-Equity Related Terms

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Chinese Universe Publishing And Media Co (SHSE:600373) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Chinese Universe Publishing And Media Co Ltd (SHSE:600373) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

No.2, Nanhuan Road, Jiangxi District, Shang Rao, CHN

Website

http://www.jxpp.com

Chinese Universe Publishing And Media Co Ltd are engaged in the publishing, printing, and distribution of materials, newspapers, periodicals, and audiovisual publications in China. A company extends is business in new media and online education, Internet games, digital publishing, Internet of Things technology applications, international copyright transactions.

Chinese Universe Publishing And Media Co (SHSE:600373) Headlines

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