Shanghai Milkground Food Tech Co (SHSE:600882) Debt-to-Equity : 0.39 (As of Mar. 2024)

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What is Shanghai Milkground Food Tech Co Debt-to-Equity?

Shanghai Milkground Food Tech Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥940 Mil. Shanghai Milkground Food Tech Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥737 Mil. Shanghai Milkground Food Tech Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥4,344 Mil. Shanghai Milkground Food Tech Co's debt to equity for the quarter that ended in Mar. 2024 was 0.39.

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 Shanghai Milkground Food Tech Co's Debt-to-Equity or its related term are showing as below:

SHSE:600882' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.39 Max: 0.99
Current: 0.39

During the past 13 years, the highest Debt-to-Equity Ratio of Shanghai Milkground Food Tech Co was 0.99. The lowest was 0.01. And the median was 0.39.

SHSE:600882's Debt-to-Equity is ranked better than
51.94% of 1648 companies
in the Consumer Packaged Goods industry
Industry Median: 0.41 vs SHSE:600882: 0.39

Shanghai Milkground Food Tech Co Debt-to-Equity Historical Data

The historical data trend for Shanghai Milkground Food Tech 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.

Shanghai Milkground Food Tech Co Debt-to-Equity Chart

Shanghai Milkground Food Tech Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.57

0.55

0.15

0.38

0.41

Shanghai Milkground Food Tech 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															0.35	0.35	0.47	0.41	0.39

Competitive Comparison of Shanghai Milkground Food Tech Co's Debt-to-Equity

For the Packaged Foods subindustry, Shanghai Milkground Food Tech 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.

Shanghai Milkground Food Tech Co's Debt-to-Equity Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Shanghai Milkground Food Tech Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Shanghai Milkground Food Tech Co's Debt-to-Equity falls into.

Shanghai Milkground Food Tech Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Shanghai Milkground Food Tech 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
	=	(1044.538	+	697.476)	/	4302.544
	=	0.40

Shanghai Milkground Food Tech 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
	=	(940.151	+	736.636)	/	4343.841
	=	0.39

Shanghai Milkground Food Tech Co (SHSE:600882) 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.

Shanghai Milkground Food Tech Co Debt-to-Equity Related Terms

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Shanghai Milkground Food Tech Co (SHSE:600882) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Shanghai Milkground Food Tech Co Ltd (SHSE:600882) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

No. 1398 Jinqiao Road, 9th Floor, Jintai Building, Pudong New District, Shanghai, CHN, 200136

Website

http://www.groundmilk.com

Shanghai Milkground Food Tech Co Ltd is engaged in research and development, production, and sales of dairy products with a focus on cheese and liquid milk. Some of its products include Cheese sticks 100g; Cheese sticks 500g; Butter Fresh; Refined mozzarella cheese 125g; Refined mozzarella cheese 450g; Mozzarella cheese and others.

Shanghai Milkground Food Tech Co (SHSE:600882) Headlines

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