Jointown Pharmaceutical Group Co (SHSE:600998) Debt-to-Equity : 0.66 (As of Mar. 2024)

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What is Jointown Pharmaceutical Group Co Debt-to-Equity?

Jointown Pharmaceutical Group Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥13,953 Mil. Jointown Pharmaceutical Group Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥2,180 Mil. Jointown Pharmaceutical Group Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥24,558 Mil. Jointown Pharmaceutical Group Co's debt to equity for the quarter that ended in Mar. 2024 was 0.66.

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 Jointown Pharmaceutical Group Co's Debt-to-Equity or its related term are showing as below:

SHSE:600998' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.46 Med: 0.72 Max: 1.18
Current: 0.66

During the past 13 years, the highest Debt-to-Equity Ratio of Jointown Pharmaceutical Group Co was 1.18. The lowest was 0.46. And the median was 0.72.

SHSE:600998's Debt-to-Equity is ranked worse than
59.31% of 553 companies
in the Healthcare Providers & Services industry
Industry Median: 0.47 vs SHSE:600998: 0.66

Jointown Pharmaceutical Group Co Debt-to-Equity Historical Data

The historical data trend for Jointown Pharmaceutical 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.

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Jointown Pharmaceutical Group Co Debt-to-Equity Chart

Jointown Pharmaceutical Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.78

0.82

0.73

0.62

Jointown Pharmaceutical 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															0.68	0.66	0.69	0.62	0.66

Competitive Comparison of Jointown Pharmaceutical Group Co's Debt-to-Equity

For the Pharmaceutical Retailers subindustry, Jointown Pharmaceutical 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.

Jointown Pharmaceutical Group Co's Debt-to-Equity Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Jointown Pharmaceutical Group Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Jointown Pharmaceutical Group Co's Debt-to-Equity falls into.

Jointown Pharmaceutical Group Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Jointown Pharmaceutical 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
	=	(12241.438	+	2507.072)	/	23983.172
	=	0.61

Jointown Pharmaceutical 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
	=	(13952.873	+	2179.945)	/	24557.701
	=	0.66

Jointown Pharmaceutical Group Co (SHSE:600998) 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.

Jointown Pharmaceutical Group Co Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Jointown Pharmaceutical Group Co's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Jointown Pharmaceutical Group Co (SHSE:600998) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Jointown Pharmaceutical Group Co Ltd (SHSE:600998) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

No 8 Longyang Road, Hanyang District, Wuhan, CHN, 430051

Website

http://www.jztey.com

Jointown Pharmaceutical Group Co Ltd is engaged in the business of wholesaling drugs and medical devices. The company offers logistics and other value-added services and primarily serves medical institutions, wholesale enterprises, and retail pharmacies.

Jointown Pharmaceutical Group Co (SHSE:600998) Headlines

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