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Gansu Mogao Industrial Development Co (SHSE:600543) Debt-to-Equity : 0.02 (As of Mar. 2024)


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What is Gansu Mogao Industrial Development Co Debt-to-Equity?

Gansu Mogao Industrial Development Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥4.8 Mil. Gansu Mogao Industrial Development Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥13.3 Mil. Gansu Mogao Industrial Development Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥862.5 Mil. Gansu Mogao Industrial Development Co's debt to equity for the quarter that ended in Mar. 2024 was 0.02.

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 Gansu Mogao Industrial Development Co's Debt-to-Equity or its related term are showing as below:

SHSE:600543' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01   Med: 0.02   Max: 0.08
Current: 0.02

During the past 13 years, the highest Debt-to-Equity Ratio of Gansu Mogao Industrial Development Co was 0.08. The lowest was 0.01. And the median was 0.02.

SHSE:600543's Debt-to-Equity is ranked better than
93.89% of 180 companies
in the Beverages - Alcoholic industry
Industry Median: 0.4 vs SHSE:600543: 0.02

Gansu Mogao Industrial Development Co Debt-to-Equity Historical Data

The historical data trend for Gansu Mogao Industrial Development 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.

Gansu Mogao Industrial Development Co Debt-to-Equity Chart

Gansu Mogao Industrial Development Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.02 0.08 0.01 0.02 0.02

Gansu Mogao Industrial Development 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.02 0.02 0.02 0.02 0.02

Competitive Comparison of Gansu Mogao Industrial Development Co's Debt-to-Equity

For the Beverages - Wineries & Distilleries subindustry, Gansu Mogao Industrial Development 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.


Gansu Mogao Industrial Development Co's Debt-to-Equity Distribution in the Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, Gansu Mogao Industrial Development Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Gansu Mogao Industrial Development Co's Debt-to-Equity falls into.



Gansu Mogao Industrial Development Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Gansu Mogao Industrial Development Co's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Gansu Mogao Industrial Development Co's Debt to Equity Ratio for the quarter that ended in Mar. 2024 is calculated as

* 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.


Gansu Mogao Industrial Development Co  (SHSE:600543) 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.


Gansu Mogao Industrial Development Co Debt-to-Equity Related Terms

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Gansu Mogao Industrial Development Co (SHSE:600543) Business Description

Traded in Other Exchanges
N/A
Address
No. 169 Qingyang Road, Longxin Builing 15-16F, Lanzhou, Gansu, CHN, 730030
Gansu Mogao Industrial Development Co Ltd is engaged in the production of wine. The company has a production facility in Wuwei, Gansu. The products include - Kilimanjaro Moga, Mogao 1099 Gold Jazz, Mogao 730 Gold Jazz, Mogao's six, Mogao 2000 Pinot Noir, and many others.
Executives
Niu Bin Bin Director

Gansu Mogao Industrial Development Co (SHSE:600543) Headlines

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